Fenwick Represents Story Protocol in $80M Series B Funding

Fenwick represented Story Protocol, a developer of an open system for extending intellectual property through online collaboration and paying contributors, in its $80 million Series B Funding. The round was led by a16z crypto, with participation from Polychain and other investors.

Story Protocol will use the funds to support the development of PIP Labs’ intellectual property-focused blockchain, reducing middleman friction and unlocking new revenue streams as users experiment with IP. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partners Andy Albertson and Thomas Kang and included associates Aaron Ginsburg, Fei Xu, Benjamin Helfman, Chris Crawford, Jessica He, Jonathan Hernandez, Angelo Angelino, Warren Hill, and Ty Chung.