Lowenstein represented three industry innovators, ACV Auctions Inc., Dataiku Inc., and The Wing, in their respective individual funding rounds that, together, totaled more than $260 million.
ACV Auctions Inc.: $93 million Series D funding
Our firm was counsel to ACV, the leading dealer-to-dealer, online wholesale automotive marketplace, in its $93 million Series D funding round. The round was led by Bain Capital Ventures and early investor Bessemer Venture Partners and included Future Fund, Australia's sovereign wealth fund. The company's other early investors, Tribeca Ventures and Armory Square Ventures, also participated in the round. Lowenstein represented ACV Auctions in their Series C round earlier this year as well as their Series B round in 2017.
In total, ACV has raised over $145 million in funding since 2015. The new funding will enable ACV to double down on product and engineering, expand the breadth of its platform and provide new real-time data analytics to dealers. ACV will continue its nationwide expansion to over 140 territories in 2019. ACV is growing headcount by 30 people per month and now has 500 teammates across the country, up from 200 people earlier this year.
The Lowenstein team included Anthony O. Pergola, Matthew Melville, Jieping (Jae) Zhou, and Joon Hwan Kim.
Dataiku Inc.: $101 million Series C funding
Lowenstein represented Dataiku, one of the world’s leading enterprise data science and machine learning platforms, in its $101 million Series C funding round. The round was led by ICONIQ Capital and supported by Alven Capital, Battery Ventures, Dawn Capital, and FirstMark Capital. Our firm represented Dataiku in their Series B round in 2017, as well as their Series A round in 2016.
With this latest funding round, Dataiku (named by Forbes among the “Best Big Data Companies And CEOs To Work For In 2018”) plans to double its current staff of 200 among its headquarters in New York City and offices in Paris and London, as well as new offices in Sydney and Singapore. Dataiku will also accelerate the addition of new product features and work to expand its network of technology partners.
The Lowenstein team included Ed Zimmerman, Evan M. Bienstock, Dotan Barnea, and Laura Cicirelli.
The Wing: $75 million Series C funding
Our firm represented The Wing, a network of work and community spaces designed for women, in its $75 million Series C funding round. Sequoia Capital led the round, with participation from other investors, including Upfront Ventures, Airbnb, New Enterprise Associates, WeWork, actress/producer Kerry Washington, and former White House Senior Advisor Valerie Jarrett. Lowenstein represented The Wing in its Series A & B rounds, both in 2017.
The new round brings the company’s total funding to date to $117.5M in just two years, one of the largest raised by a women-led company. Since The Wing was founded in 2016, it has grown to over 6,000 members in multiple cities, with new locations announced and set to open in Los Angeles, Chicago, Boston, London, Toronto, and Paris in 2019.
The Lowenstein team included Steven E. Siesser, Eric J. Weiner, Elias Kwon, and Joon Hwan Kim.