Fenwick represented CaptivateIQ, a sales commissions platform, in its $46 million Series B financing. The financing brings the company’s total funding to $63 million.
The round was led by Accel, with participation from existing investors at Sequoia, Y Combinator, Amity and S28. GTMfund, Gokul Rajaram (Executive at DoorDash), Elad Gil (advisor at AirBnb and Gusto) and Frederic Kerrest (Executive Vice Chairman, COO and co-founder of Okta) participated as new angel investors in the financing.
Captivate IQ plans to use the proceeds from the financing to accelerate product development and expand its team. More information can be obtained from the company’s announcement.
The Fenwick transaction team was led by corporate partner Steven Levine and included associates Will Black, Jennifer Cho and Jared Leung.