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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 850 lawyers across 12 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.