Gunderson Dettmer advised Konfio on the operation. Orrick Herrington & Sutcliffe LLP advised Vostok Emerging Finance. Morrison & Foerster advised SoftBank.
Konfio, a Mexico-based online financial services platform for small and medium businesses, raised $100 million in a new financing. The funding round was led by SoftBank and with participation from existing investors QED Investors, Kaszek Ventures and Vostok Emerging Finance Ltd.
In the announcement of the funding Konfio investment relations director Gregorio Tomassi told Bloomberg that the fresh funds will be used to expand working-capital loans and introduce new products.
The Gunderson Dettmer deal team was led by Daniel Green (Picture) and included Bradley Krack, Katy Alexander, Catherine Kwon, Jessica Furr and Travis Glock
The Orrick team included Shawn Atkinson, Jonathan Chou, Maria Bergenhem, Christina Hatinoglu and Jason Wu.
The MoFo team was led out of Miami by corporate partner Randy Bullard, co-chair of the firm’s Latin America Desk, and included partner Juan Delgado and associates Julia Danforth and Axel Miranda. Support was also provided by New York tax partner Anthony Carbone and associate Katherine Erbeznik.
Involved fees earner: Katy Alexander – Gunderson Dettmer; Jessica Furr – Gunderson Dettmer; Daniel Green – Gunderson Dettmer; Bradley Krack – Gunderson Dettmer; Cathy Kwon – Gunderson Dettmer; Randy Bullard – Morrison Foerster; Julia Danforth – Morrison Foerster; Juan Manuel Delgado – Morrison Foerster; Katherine Elaine Erbeznik – Morrison Foerster; Axel Miranda – Morrison Foerster; Shawn Atkinson – Orrick; Maria Bergenhem – Orrick; Jonathan Chou – Orrick; Christina Hatinoglu – Orrick; Jason Wu – Orrick;