Fenwick represented RapidAPI, a platform that enables developers and enterprises to find, connect to and manage thousands of APIs, in its $150 million Series D financing at a $1 billion valuation. The round was led by new investor SoftBank Vision Fund 2, with participation from Qumra, and many of the company's existing investors, which include Andreessen Horowitz, M12, Viola Growth, Green Bay, and Grove Ventures.
RapidAPI will use the new funding to continue to scale its API Hub, adding more capabilities to help developers create and collaborate on APIs. More information can be obtained from the company's announcement.
The Fenwick transaction team included corporate partners Andrew Albertson and Thomas Kang, and associates Stephanie Hong, Joanna Xu and Chelsea Fisher; regulatory partner Steve Albertson and associate Kaylynn Noethlich; and trade and national security partner Melissa Duffy, and associate Sofia Chalat.