Fenwick Represents Rainforest in $20M Series A Funding

Fenwick represented Rainforest, a payments-as-a-service platform (PaaS) that helps software companies build and optimize embedded financial services, in its $20 million Series A funding. The round was led by Matrix Partners, with participation from existing investors including Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners, and a number of strategic angels.

Rainforest will use the funds to advance its core technology and product offerings, expand its platform success team, and accelerate its growth via new go-to-market initiatives. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partner Michael Brown and included associates Myles Gutenkunst and Corinne Nhaissi.