Fenwick represented Gupshup, a leader in conversational messaging, in its follow-on funding of $240 million from an industry-leading group of investors including Fidelity Management and Research Company LLC, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, certain accounts managed by Neuberger Berman Investment Advisers LLC, White Oak, Neeraj Arora and others.
Gupshup will use the investment to continue executing its vision and for secondary purchase of shares from current and former employees as well as prior investors. More information can be obtained from the company's announcement.
Fenwick previously represented Gupshup in its $100 million Series F financing in April 2021.
The Fenwick transaction team was led by corporate partner Samuel Angus and included associates Ryan McRobert, Myles Gutenkunst, Shweta Kumar and Monica Zwolinski.