Ex-Dealmaker for Uber Joins Fintech Startup Fundbox as Chief Legal Officer
Todd Hamblet helped Uber finalize a $3.4 billion joint venture with Russian tech giant Yandex. Now, he's leading the legal department at Fundbox, which aims to disrupt the business-to-business electronic commerce market.
October 29, 2019 at 05:18 PM
4 minute read
The original version of this story was published on Corporate Counsel
As an associate general counsel at Uber Technologies Inc., Todd Hamblet played a significant role in a $3.4 billion joint venture that greatly expanded the ride-hailing company's presence in Russia—one of the firm's most significant international deals.
After Hamblet parted ways with Uber in August 2018, he spent the next five months "On the Beach (but looking!!)," according to his LinkedIn profile. He also did some work as a consultant for Uber and spent time with his family, he said Tuesday in an interview.
"I was really just decompressing a bit," he added.
But Hamblet is no longer hunting for a job—or lounging on the sand. He has taken his in-house talents to startup fintech firm Fundbox, where he now serves as chief legal officer and corporate secretary. He oversees all legal and regulatory matters for the company.
"It's really all encompassing. It's me and a paralegal right now," Hamblet said. "I'm doing everything from corporate governance to helping run and prepare board meetings," along with providing product advice and working with colleagues on the firm's compliance team.
Fundbox announced Tuesday that it had hired Hamblet, who started his new job in May, along with a new chief compliance officer and chief marketing officer.
The San Francisco-based firm was founded in 2013 and is building a novel business-to-business electronic payments and credit network that leverages machine learning to improve B2B commerce. The company announced Sept. 24 that it had raised $176 million in a Series C funding round.
Hamblet described Fundbox as a "great company, solving hard problems for one of the world's largest economies. That's why I'm looking forward to solving the novel legal and regulatory issues we will face as we disrupt the traditional B2B commerce market."
Hamblet joined Uber in 2014 as managing counsel and worked his way up to associate general counsel of global corporate transactions and deputy secretary. In a 2017 interview with The Recorder, he discussed his role overseeing a team at Cooley that worked on Uber's joint venture with Russian tech giant Yandex.
"I have a simple motto on my team—'execute, execute, execute,'" he said at the time. He added that his "team helped achieve an exceptional outcome through execution. More specifically, we brought subject matter expertise, issue spotting, project management, and focus on the key issues to expedite signing."
He said Tuesday that one of the most valuable skills he developed at Uber was the ability to "understand how to advise the business on legal and regulatory matters with an understanding of what the business objective is."
Before he went in-house, Hamblet served as a special counsel at Covington & Burling in San Francisco, where he focused on domestic and international capital markets transactions. He is a graduate of the University of California, Hastings College of the Law.
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