Fenwick & West represented Tile, Inc. in the transaction.
Tile is a smart location company that helps people locate lost items.
Francisco Partners, a global technology-focused private equity firm, led the investment. Existing investors GGV Capital and Bessemer Venture Partners, as well as new investors Bryant Stibel and SVB Financial Group, also participated in the round.
The investment will accelerate plans to expand Tile’s embedded partnerships whereby third party products become findable just like Tile’s popular first party devices.
The investment will also allow Tile to grow more aggressively internationally, expand into new product categories and enhance its Premium service to deliver more peace of mind to its growing community of users.
The Fenwick transaction team was led by corporate lawyers Michael Esquivel (Picture), Ethan Skerry, Patrick Grilli, William Black, Doug Sharp and Elena Moreno Cloutier; transactions lawyer Stefano Quintini; and executive compensation and employee benefits lawyer Shawn Lampron.
Involved fees earner: William Black – Fenwick & West LLP; Michael Esquivel – Fenwick & West LLP; Patrick Grilli – Fenwick & West LLP; Shawn Lampron – Fenwick & West LLP; Elena Moreno Cloutier – Fenwick & West LLP; Stefano Quintini – Fenwick & West LLP; Doug Sharp – Fenwick & West LLP; Ethan Skerry – Fenwick & West LLP;
Law Firms: Fenwick & West LLP;
Clients: Tile Inc.;