Fenwick & West represented Beringea, a transatlantic venture capital investor that seeks to create lasting success for rapidly scaling entrepreneurial companies, in a $19 million Series B funding round for DeepCrawl, a leading cloud-based technical SEO platform.
The round was led by Five Elms, a growth equity and venture capital firm focused on B2B software companies, with Beringea. To date, DeepCrawl has raised $25.8 million through angel investments from Beaumont Capital and Series A funding led by Beringea.
This latest funding round will primarily be used by DeepCrawl for R&D and investing in sales and marketing to drive greater market penetration in the U.S. More information can be obtained from DeepCrawl’s announcement.
The Fenwick transaction team included corporate partner Ian Goldstein and principal Eli Curi.