Fenwick & West represented GGV Capital, a leading global venture capital firm whose investments include Airbnb, Square and Slack, and Tenaya Capital, an early-growth stage venture capital firm, in leading a $60 million growth financing in Namely, Inc., a leading HR platform for mid-sized companies. Existing investors Sequoia Capital, True Ventures, Matrix Partners and Scale Venture Partners also participated in the round.
The financing will allow Namely to continue its growth as the company builds out its product and team in the new large-scale operations center in Atlanta. More information about Namely’s $60 million growth financing can be found from Tenaya’s announcement.
The Fenwick transaction team was led by corporate lawyers Michael Esquivel and Malcolm Katz; and technology transactions lawyers Stefano Quintini and Vanessa Katz.