Fenwick represented Sendbird, a leading mobile engagement and communication company across in-app chat, voice and video, in its $100 million Series C financing led by STEADFAST Capital Ventures. Emergence Capital, Softbank Vision Fund 2 and World Innovation Lab also participated in the round, as well as previous investors ICONIQ Growth, Tiger Global Management and Meritech Capital.
Sendbird will use its latest influx of capital to aggressively accelerate its R&D efforts to help customers get more value out of both existing and new products. The company will continue to scale its workforce in its Silicon Valley headquarters, as well as in its other locations around the globe. More information can be obtained from the company's announcement.
The Fenwick transaction team was led by corporate partner Cindy Hess and included associates Yael Perl and Sloka Tankala; and antitrust & trade regulation partner Mark Ostrau.