Wilson Sonsini Advises Caffeine in $113 Million Series D Financing
- Client Highlights
- Digital Media and Entertainment
On July 1, 2020, Caffeine announced that Cox Enterprises, Fox Corporation, and Sanabil Investments have co-led a $113 million Series D investment in the company, with participation from existing investors Andreessen Horowitz and Greylock Partners. The new funding values the company at more than $600 million. Wilson Sonsini Goodrich & Rosati represented Caffeine in the transaction.
Caffeine is a new kind of broadcast company focused on the creation and distribution of live, interactive entertainment. The company launched out of beta last November and added two million new registered users over the last year as it developed new, interactive entertainment content. The additional capital will be used to fuel continued growth and rapid onboarding of the world's best entertainers.
For more information, please see Caffeine's press release.