Unifonic’s $125 Million Series B Round

Orrick Herrington & Sutcliffe advised Unifonic on the deal.

Riyadh-based customer engagement platform Unifonic has raised $125 million in a Series B led by SoftBank Vision Fund 2 and Public Investment Fund’s subsidiary Sanabil Investments.

It is the first investment by SoftBank in a Saudi startup and the largest-ever funding round closed by a Saudi startup at any stage. 

Founded in 2006, Unifonic offers SMS, voice, and WhatsApp communication services to large enterprises in emerging markets (mainly the Middle East & North Africa).

The Orrick team advising Unifonic was led by Chris Grew (Picture) and included Nick Hayes, Kirstie Parr, James Edwards, Rachel Conder, Steve Tallon, Aoife Casey, Jamie Larkin, Mike Yang, Samir Bakhru and Mara Vento.

Involved fees earner: Samir Bakhru – Orrick Herrington & Sutcliffe LLP; Aoife Casey – Orrick Herrington & Sutcliffe LLP; Christopher Grew – Orrick Herrington & Sutcliffe LLP; Nicholas Hayes – Orrick Herrington & Sutcliffe LLP; Jamie Larkin – Orrick Herrington & Sutcliffe LLP; Kirstie Parr – Orrick Herrington & Sutcliffe LLP; Steve Tallon – Orrick Herrington & Sutcliffe LLP; Michael Yang – Orrick Herrington & Sutcliffe LLP;

Law Firms: Orrick Herrington & Sutcliffe LLP;

Clients: Unifonic;

Author: Federica Tiefenthaler