Thrive Capital’s $150 Million Investment In Vimeo

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP advised Thrive Capital on the deal. Wachtell, Lipton, Rosen & Katz advised IAC.

Thrive Capital led the $150 million funding round of Vimeo, a professional video platform.

Thrive Capital Management, LLC, doing business as Thrive Capital, operates as a venture capital investment firm. The Company invests in media and internet investments. Thrive Capital Management serves customers in the United States.

Vimeo, LLC operates as a video sharing site. The Company enables its users to upload, share, and watch various categories of videos, as well as provides news, sports, and entertainment content online in an easily searchable format. Vimeo serves customers in the United States.

The Gunderson deal team was led by Ryan Purcell (Picture) and Wenli Cai and included Jace Clegg, Khadijah Owens, Tina Xu, and Katie Gardner and Laura Chao.

Wachtell, Lipton, Rosen & Katz advised IAC with a team led by Andrew J. Nussbaum and Jenna E. Levine.

Involved fees earner: Wenli Cai – Gunderson Dettmer; Jace Clegg – Gunderson Dettmer; Katherine Gardner – Gunderson Dettmer; Khadijah Owens – Gunderson Dettmer; Ryan Purcell – Gunderson Dettmer; Tina Xu – Gunderson Dettmer; Jenna Levine – Wachtell, Lipton, Rosen & Katz; Andrew Nussbaum – Wachtell, Lipton, Rosen & Katz;

Law Firms: Gunderson Dettmer; Wachtell, Lipton, Rosen & Katz;

Clients: InterActiveCorp (IAC); Thrive Capital;

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Author: Ambrogio Visconti