Fenwick Represents Databricks in $1 Billion Series G Financing

Fenwick represented Databricks, a leader in unified data analytics, in its $1 billion Series G financing. The round was led by new investor Franklin Templeton and puts Databricks at a $28 billion post-money valuation.

Joining Franklin Templeton in the financing round were other new investors, including Canada Pension Plan Investment Board, Fidelity Management & Research LLC and Whale Rock, along with new strategic investors Amazon Web Services, CapitalG and Salesforce Ventures. Existing investors participating in the round include Microsoft, Andreessen Horowitz, Alkeon Capital Management, funds and accounts managed by BlackRock, Coatue Management, funds and accounts advised by T. Rowe Price Associates, Inc. and Tiger Global Management.

The funding will accelerate Databricks’ innovation and allow the company to scale and support the rapid global adoption of its unified data platform. More information can be obtained from Databricks’ announcement.

The Fenwick transaction team was led by corporate partners Michael Brown and Patrick Grilli and included associates Ari Haber, Jenna Hsieh and Leeza Soulina.