Wilson Sonsini Represents SaaS Mobility Start-Up Swoop in $3.2 Million Funding
- Client Highlights
On July 24, 2020, Los Angeles-based SaaS transportation booking start-up Swoop said it has raised $3.2 million in a seed funding round led by Signia Venture Partners, South Park Commons, and several angel investors, including former Uber CPO Manik Gupta; Kevin Weil, co-creator of Libra at Facebook; Kim Fennel, a former Uber executive; and Elizabeth Weil, former partner at Andreessen Horowitz; and 122 West Ventures. The company aims to bring small, local transportation operators into the digital age with a new software-as-a-service (SaaS) platform that it says is helping them adapt in this COVID-19 era. The company is ramping up its SaaS product in hopes of tapping into a marketplace where customers spend $40 billion annually.
The Wilson Sonsini team that represented Swoop in the transaction includes Andrew Sparks, Nico Kerr, Sam Millang, and paralegal Anna Johansen.
For more information, please see Swoop’s press release.