Fenwick represented Timescale, an industry-leading relational database for time-series, in its $110 million Series C financing. With this funding, Timescale is now valued at over $1 billion. The round was led by Tiger Global with participation from all existing investors Benchmark, New Enterprise Associates, Redpoint Ventures, Icon Ventures, and Two Sigma Ventures.
Timescale will use the new capital to further growth, increase investments in product, engineering, R&D, broaden efforts in serving the Timescale community, customers, and developers worldwide, and growing the team. More information can be obtained from the company's announcement.
The Fenwick transaction team was led by corporate partner Ian Goldstein and included associates Jennifer Wu, Sullivan Berthier and Claire Chung.