DLA Piper advises Jeeves in US$57 million Series B financing

DLA Piper represented Jeeves Inc., an innovative expense management platform for fast-growing companies in global markets, in a US$57 million Series B funding round led by CRV with participation by prior lead investor Andreesen Horowitz and other investors.

Jeeves will use the capital to fuel its continued international expansion, to scale its proprietary infrastructure to cover more currencies, to acquire new talent and to accelerate the onboarding of new companies to the platform.

“We were pleased to utilize our wide-ranging fintech venture experience to advise Jeeves on its latest financing round,” said Andrew Gilbert, vice chair of DLA Piper’s US Corporate practice and the partner who led the firm’s deal team. “This funding round will fuel our client’s rapid growth and enable it to provide advanced solutions for the global companies that rely on its platform.”

“DLA Piper has advised Jeeves since the earliest stages of the company across a variety of matters, and we are pleased to continue working with Andy and the team as we scale our global business capabilities,” said Sherwin Gandhi, co-founder and president of Jeeves.

In addition to Gilbert, the DLA Piper team representing Jeeves included associates Patrick Toolan and Patrick Harrity (all of Short Hills).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including healthcare, insurance, biotech, fintech, manufacturing, communications, security, software and semiconductors. Over the last three years, DLA Piper has completed more than 2,100 financings totaling over US$31 billion.

DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.

DLA Piper advises on all aspects of the fintech sector, representing a wide range of clients, including banks, private equity and venture capital funds, asset managers, broker-dealers, insurance companies, trading platforms and exchanges, and distributed-ledger technology platforms. The firm’s multidisciplinary team around the world offers integrated legal solutions that help clients navigate the increasingly complex environment at the intersection of transactions, technology and regulation.