Wilson Sonsini Advises Playbook on $18 Million Funding Round
- Client Highlights
- Digital Media and Entertainment
- Data Storage and Cloud
On November 19, 2021, Playbook, a creative file manager for designers where Pinterest meets Dropbox, raised $18 million in Series A funding. The round was led by Bain Capital Ventures and brought in new investors, Elad Gil, Blank Ventures, and Hyphen Capital, and continued investment from their seed investors, Founders Fund, Abstract Ventures, and Maple VC. Wilson Sonsini Goodrich & Rosati advised Playbook on the transaction.
Playbook applies modern technologies like image tagging to photos and videos, turning a usually dry view of files into an expressive Pinterest-like gallery. It also adds a suite of features built just for designers, focusing on collaboration and quick sharing. Built-in publishing tools let users turn a set of assets into a live shared page with a variety of templates. With the new funding, Playbook wants to iterate on its product, hire more employees, and continue giving generous free storage to its large network of creators.