Fenwick represented Merit, a verified identity platform, in its $50 million Series B financing. Rose Park Advisors led the financing round with previous investors a16z, Bow Capital and Govtech Fund participating, and Experian Ventures, Spike Ventures, InState Capital, Ricardo Villela Marino, Jaan Tallinn’s Metaplanet Holdings, Ram Shriram and others joining as new investors.
Merit will use the proceeds from the round to expand into new business lines and use cases and continue to build an ecosystem that allows industries to operate programmatically and reliably. More information can be obtained from Merit's announcement.
The Fenwick transaction team included corporate partners Michael Esquivel and Patrick Grilli and associates Jessica He and Daniel Isaacson; and technology transactions partner Stefano Quintini.