eShares Raises $17M in Series B Financing

Palo Alto – August 21, 2015 – Cooley advised eShares on its $17 million Series B financing. According to VentureWire, which calls the company "Silicon Valley's hottest new e-commerce startup," the capital will be used to fund global expansion. 

Spark Capital led the round with participation from Union Square Ventures, Subtraction Capital and Industry Ventures.

eShares offers a way for private companies to issue a digital version of their stock and manage it electronically. The product helps early stage founders keep track of their companies' ownership. eShares charges a fee for issuing electronic certificates and securely storing them for companies. eShares also manages investor and shareholder portfolios of private equity and offers additional financial services such as transfer services, valuations and auditing.

The Cooley corporate team advising eShares was led by partner Matthew Bartus and included associates Ian Shannon and Jared Verzello.

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Matthew Bartus Partner, Singapore