Bitly’s $63 Million Growth Investment from Spectrum Equity


Fenwick & West represented Bitly, Inc., the world’s first and leading Link Management Platform, in its growth investment of $63 million from Spectrum Equity.

As part of this transaction, Pete Jensen and Parag Khandelwal from Spectrum Equity will join CEO Mark Josephson on the Board of Directors. The partnership enables Bitly to expand its link management capabilities from a strong foothold in enterprise marketing to an increasingly diverse set of customers and teams.

Bitly, Inc. helps users to collect, organize, shorten, and share links and domain names on the Web. The company was incorporated in 2008 and is based in New York, New York.

The Fenwick transaction team included corporate lawyers Mark Stevens (Picture), Ethan Skerry, Ken Myers, Jordan Roberts, Taimur Case and Kyle Canchola; executive compensation and employee benefits lawyers Blake Martell, Nicholas Frey, Hans Andersson and Sander Schouten; technology transactions lawyers Jonathan Millard, Ana Razmazma, Jalila Sparks and Lindsay Tang; and tax lawyers Larissa Neumann and Sophia Huang.

Involved fees earner: Mark Stevens – Fenwick & West LLP; Ethan Skerry – Fenwick & West LLP; Ken Myers – Fenwick & West LLP; Jordan Roberts – Fenwick & West LLP; Taimur Case – Fenwick & West LLP; Kyle Canchola – Fenwick & West LLP; Blake Martell – Fenwick & West LLP; Nicholas Frey – Fenwick & West LLP; Hans Andersson – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Ana Razmazma – Fenwick & West LLP; Larissa Neumann – Fenwick & West LLP; Sophia Huang – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Bitly, Inc.;

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Author: Ambrogio Visconti