Davis Polk advised Tencent on the deal.
Jeeves completed the $57 million Series B equity financing round. Led by CRV, the Series B round also includes participation from Tencent, Silicon Valley Bank, Alkeon Capital Management, Soros Fund Management and a group of angel investors.
Jeeves is an all-in-one expense management platform for startups in global markets, including Mexico, Colombia, Chile, Canada, the United Kingdom and Europe. Jeeves’ proprietary infrastructure offers cash, corporate cards with cash back, and cross border payment services to startup companies, with the capability to handle more than 12 currencies for payback. Jeeves will use the capital raised to support its international expansion.
The Davis Polk corporate team included partner Miranda So (Picture), counsel – registered foreign lawyer Xi Shi and registered foreign lawyers Joo Park and Sangsoo (Eddie) Lee. Partner Jai R. Massari and associate Jung Eun Choi provided financial regulatory advice. Partners Paul D. Marquardt and John B. Reynolds III provided CFIUS advice.
Involved fees earner: Jung Eun Choi – Davis Polk & Wardwell; Sangsoo Lee – Davis Polk & Wardwell; Paul Marquardt – Davis Polk & Wardwell; Jai Massari – Davis Polk & Wardwell; Joo Park – Davis Polk & Wardwell; John Reynolds – Davis Polk & Wardwell; Xi Shi – Davis Polk & Wardwell; Miranda So – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;