Ecwid’s $42 Million Funding Round


Lowenstein represented PeakSpan Capital in the transaction.

Ecwid raised $42 million in its round of funding, led by Morgan Stanley Expansion Capital and PeakSpan Capital.

A portion of the new funds will be used to buy out previous and early-stage investors, including Runa Capital and iTech Capital, Ruslan Fazlyev, CEO and founder of Ecwid

San Diego-based Ecwid is a software-as-a-service e-commerce company that provides online selling solutions for small businesses and enables them to establish a digital storefront in a matter of hours.

PeakSpan Capital is a leading growth stage investment firm partnering exclusively with disruptive B2B software companies.

The Lowenstein team advising PeakSpan Capital was led by Anthony O. Pergola (Picture) and Juan B. Soto and included Ifat Lipman, Joon Hwan Kim, and Serena Ward, with support from Darren Goodman, Eric Jesse, Leah Satlin, Sophia Mokotoff, and the firm’s Global Trade & Policy team (led by Doreen M. Edelman), among others.

Involved fees earner: Doreen Edelman – Lowenstein Sandler LLP; Darren Goodman – Lowenstein Sandler LLP; Joon Hwan Kim – Lowenstein Sandler LLP; Eric Jesse – Lowenstein Sandler LLP; Ifat Lipman – Lowenstein Sandler LLP; Sophia Mokotoff – Lowenstein Sandler LLP; Anthony Pergola – Lowenstein Sandler LLP; Leah Satlin – Lowenstein Sandler LLP; Juan Soto – Lowenstein Sandler LLP; Serena Ward – Lowenstein Sandler LLP;

Law Firms: Lowenstein Sandler LLP;

Clients: PeakSpan Capital;

Author: Ambrogio Visconti