Fenwick & West represented Tonkean, an operating system for operations teams, in its $24 million Series A round led by Lightspeed Venture Partners. Other investors participating in the financing include Foundation Capital, Magma Venture Partners and Slow Ventures.
The financing will be used by Tonkean to introduce its Adaptive Business Operations software to enterprises. More information can be obtained from Tonkean’s announcement.
The Fenwick transaction team included corporate partner Cynthia Hess and associates Patrick Grilli and Sloka Tankala.