Fenwick Represents Saildrone in $14 Million Series A Financing

Fenwick & West represented Saildrone, Inc., a provider of ocean data collected by a fleet of unmanned, autonomous sailing drones, in its $14 million Series A financing. The round was led by Social Capital and included participation from Capricorn Investment Group and Lux Capital.

The company will use the funds to expand its fleet of sailing drones, enhance data processing capacity and scale commercial operations. More information about Saildrone’s $14 million Series A financing can be obtained from the company press release.

The Fenwick transaction team was led by corporate lawyers Michael Esquivel, Malcolm Katz, Will Black and Amanda Baratz.