Fenwick represented StarStock, an online sports cards marketplace, in its $8 million Series A financing. The financing was led by Andreessen Horowitz (a16z) and included Trae Young, Atlanta Hawks guard; Justin Kan, co-founder of Twitch; Ilkka Paananen, co-founder of SuperCell; and Ryan Spoon, chief operating officer at BetMGM and former senior vice president at ESPN.
StarStock plans on using the recent funding to improve its marketplace, launch a mobile app and expand its staff, focusing primarily on hiring software engineers, developers and people to process the cards and handle the increase in demand. More information can be found here.
The Fenwick transaction team was led by corporate partner Mark Stevens and included counsel Jonathan Sagot and associates Tina Lee and Sullivan Berthier.