Cooley’s emerging companies practice represents some of the hottest companies in the world. Last year, Santa Monica’s Snapchat turned to Cooley’s Eric Jensen for a $60 million Series B convertible preferred stock financing. On its blog, the Snapchat team explained that since launching the company in September 2011, it had grown to more than 200 million snaps every day. To keep growing, the company needed more cash to build a bigger engineering team and “figure out how to pay [the] server bills.” Institutional Venture Partners was the lead investor.
Cooley’s Craig Jacoby advised another big name, New Relic Inc., in an $80 million mezzanine stock financing. The $80 million was raised from investors including Insight Venture Partners, Benchmark Capital, T. Rowe Price and Trinity Ventures, and valued the company at $750 million. Cooley has represented the software analytics company since 2007.
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