Fenwick represented CommerceIQ, a retail ecommerce management platform, in its $115 million Series D financing, bringing its valuation to more than $1 billion. The round was led by SoftBank Vision Fund 2 and included participation from all existing institutional investors: Insight Partners, Trinity Ventures, Shasta Ventures and Madrona Venture Group.
CommerceIQ will use the new funding to expand its business globally and to accelerate the development of its unified retail ecommerce management platform. More information can be obtained from the company's announcement.
The Fenwick transaction team was led by corporate partners Alan Smith and Thomas Kang, and associates Evan McCormick and Colin van Loon.