Wilson Sonsini Goodrich & Rosati advised Caffeine on the deal.
Caffeine announced that Cox Enterprises, Fox Corporation, and Sanabil Investments have co-led a $113 million Series D investment in the company, with participation from existing investors Andreessen Horowitz and Greylock Partners. The new funding values the company at more than $600 million.
Caffeine is a new kind of broadcast company focused on the creation and distribution of live, interactive entertainment. The company launched out of beta last November and added two million new registered users over the last year as it developed new, interactive entertainment content. The additional capital will be used to fuel continued growth and rapid onboarding of the world’s best entertainers.
The Wilson Sonsini team included Yoichiro Taku (Picture) Andrew Sparks, Sumin Kim, Jeremy Muhlfelder, and Hoy Shilh.
Involved fees earner: Sumin Kim – Wilson Sonsini Goodrich & Rosati; Jeremy Muhlfelder – Wilson Sonsini Goodrich & Rosati; Andrew Sparks – Wilson Sonsini Goodrich & Rosati; Yoichiro Taku – Wilson Sonsini Goodrich & Rosati;
Law Firms: Wilson Sonsini Goodrich & Rosati;