Fenwick represented MOLOCO, a leader in machine learning and growth solutions for mobile app marketers and e-commerce companies, in its $150 million Series C financing. The round was led by Tiger Global Management and included participation from existing investors. MOLOCO has now raised a total of $200 million to date, and the latest financing gives the company a $1.5 billion valuation.
The financing will enable MOLOCO to accelerate its product and engineering roadmap, while supporting strategic expansion into new geographies and high growth markets. More information can be obtained from the company’s announcement.
The Fenwick transaction team included corporate partners Michael Brown and Ryan Slunaker and associates James Li, Myles Gutenkunst and Sloka Tankala.