Fenwick Represents Black Ore in $60M Financing

Fenwick represented Black Ore, an AI platform for financial services, in its $60 million financing. The round was led by a16z and Oak HC/FT, with participation from General Catalyst, Founders Fund, Khosla Ventures, Trust Ventures, LionBird, SciFiVC, and SV Angel. Tech executives and angels also contributed, including Vikram Pandit (Former CEO of Citigroup), Tom Glocer (Former CEO of Thomson Reuters), Max Levchin (Founder of Paypal and Affirm), Jason Gardner (Founder and CEO of Marqeta), Mark Britto (EVP, CPO, PayPal), and Gokul Rajaram (Board Member and Executive from Doordash, Square, Coinbase, and Pinterest).

Black Ore will use the funds to onboard new customers, grow its team, and accelerate the development of additional AI-products across financial services. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partner Steven Levine and associates Summer Yin and Shannon Lieu.