Computer software start-up Salto raises USD 42 million and Sunbit USD 130 million in Series B and D Financings
H-F & Co. as advised on two significant financings.
The firm advised Salto on the USD 42 million Series B financing round of Salto, which operates in the computer software/DevsOp space. The round was led by Accel with participation by Salesforce Ventures, Lightspeed Venture Partners and Bessemer Venture Partners.
This fundraising brings the total funding to USD 69 million, and this second round comes mere months after the first.
H-F & Co.’s partner Yuval Oren advised on the matter, together with Shaked Kedem (Associate) as well as Omri Talmon, Yael Bar Shtainman, Gal Acrich (intern).
The firm was also involved in the USD 130 million Series D financing round of Sunbit, Inc. at a valuation of USD 1.1 Billion, representing California VC firm and lead investor, Group 11, with additional participation by other investors Zeev Ventures, Migdal Insurance, Harel Insurance & Finance, More Investment House, G Squared and AltaIR Capital. The firm also represented More Investment House in this deal.
Yuval Oren also worked on this deal, together with Shaked Kedem, Nitzan Hirsch-Falk, Adi Gillat, Yael Bar Shtainman, Tamar Hamm, Lee Ramati.
