Fenwick Represents Tenet in $30 Million Series A Financing

Fenwick represented Tenet, a climate fintech platform that helps consumers and businesses drive electric vehicles (EVs) for less, in its $30 million funding round. The funding round included over $10 million from a Series A investment and a $20 million warehouse debt facility. The Series A funding was led by Nyca Partners and included Assurant Ventures and Giant Ventures and the warehouse debt facility was provided by Silicon Valley Bank.

Tenet will use the funds from the Series A to fuel the growth of their EV financing product and scale TenetConnect, the company's newly launched digital renewable energy platform. The funds from SVB will support Tenet’s continued capacity to fund EV loans for consumers and businesses. More information can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partner Mark Leahy and associates Kristen Nicol and Kate Pfeiffer.