Fenwick represented Story Protocol, a developer of an open system for extending intellectual property through online collaboration and paying any number of contributors, in its $54 million financing. The round was led by a16z crypto, along with investors including Endeavor and Samsung Ventures.
Story Protocol will use the funds to further its goal of democratizing IP creation through a global and extensible IP repository. More information can be obtained from the company's announcement.
The Fenwick transaction team was led by corporate partners Andy Albertson and Thomas Kang and included associates Aaron Ginsburg, Jessica He, Robina Gallagher and Anja Kong.