Fenwick represented Loop,
an exchange-first returns platform for scaling Shopify brands, in its $65
million Series B financing. The investment was led by CRV, along with Shopify
and Renegade Partners. Existing investors FirstMark Capital, Ridge Ventures,
Peterson Ventures, and Lerer Hippeau joined in as well.
Loop plans to use the
financing to increase its flexibility, improve its returns coverage and grow
its product and go-to-market teams. More information can be obtained from
the company’s announcement.
The Fenwick transaction
team was led by corporate partner Evan Bienstock, associates Yashreeka Huq and
Sarah Hill, law clerk Kaylee Johnson and paralegal Michael Lablanc.