Fenwick Represents Vic.ai in $50 Million Series B Financing

Fenwick represented Vic.ai, an AI platform for autonomous accounting and financial intelligence, in its $50 million Series B financing. The round was led by ICONIQ Growth with participation from existing investors GGV Capital, Cowboy Ventures and Costanoa Ventures.

Vic.ai will use the funds to expand its enterprise offering and release additional AI capabilities for U.S. and European customers. More information can be obtained from the company's announcement.

The Fenwick transaction team was led by corporate partner Michael Esquivel and included associates Feihong Xu and Mitchell Duncombe.