Fenwick & West advised Imgur Inc. on the deal.
Founded in 2009, Imgur Inc. is the community-powered entertainment platform reaching 300 million people each month.
Coil, a San Francisco-based start-up designed to help creators monetize content and provide a premium experience to consumers, invested in Imgur.
The funds will go towards continuing Imgur’s company mission of making the internet a more positive place.
As part of the transaction, Stefan Thomas, Founder & CEO of Coil and former CTO of Ripple Labs, Inc., will be joining Imgur’s board of directors.
The Fenwick transaction team was led by corporate lawyers Sam Angus (Picture), Feihong Xu, Tracy Kennberg and Kate Bridge.?
Law Firms: Fenwick & West LLP;
Clients: Imgur, Inc.;