Chicago – June 30, 2021 – Cooley advised G2.com, a software review site, on its $157 million Series D financing round, which brings its valuation to $1.1 billion. G2.com is the latest Chicago startup to become a unicorn since Cooley launched its Midwest office in May, as local companies continue to grow and raise mega-rounds of funding. Lawyers Jon Gavenman and Sepideh Mousakhani led the Cooley team advising G2.com on the round.
Permira led the round, which also included participation from existing investors IVP, Emergence and Accel. New investors HubSpot Ventures and Salesforce Ventures and individual investor-entrepreneurs Auren Hoffman and Thomas D. Lehrman also participated. G2.com will use the new capital to double down on solutions to make software buying easier and more transparent.
“Software spending will top $4 trillion this year and is growing quickly with the need for digital transformation. Customers expect reliable, trusted reviews for everything they shop for, and this is increasingly true for B2B software purchases where complexity is at an all-time high and trust is low,” Godard Abel, CEO and co-founder of G2.com, said in a news release. “This funding will be a catalyst for G2 to expand our community and products, grow our team and continue investing in our vision to be the place for software online.”
G2.com is the largest and most trusted software marketplace globally. More than five million software buyers each month trust G2.com, while 2,000 companies rely on it to build their reputation, manage their software spend and grow their business.
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 1,200 lawyers across 17 offices in the United States, Asia and Europe.