Orrick advised location-sharing app Zenly on its $22.5 million Series B financing round. Benchmark led the round — its first investment in a French startup — with participation from other investors that included Jerry Murdock, formerly of Insight Venture Partners, Idinvest Partners and Xavier Niel. In addition to the funding, Peter Fenton of Benchmark has been added to Zenly’s board.
Launched in January 2015, Zenly is the social networking app built for seamless and precise location sharing. The app, which currently has two million users in 186 countries, provides a platform for users to socialize with friends and family while simultaneously sharing locations.
The capital raised will go towards opening a San Francisco office to expand the platform’s global reach and to support recruitment efforts in product development.
This financing round follows a successful Series A round in May 2016 in which Zenly raised $11.2 million. Orrick has been advising Zenly since its inception. The Orrick team was led by technology companies partner Ben Cichostepski and included assistance from David Chatteleyn and Rebecca Heilbronner-Lahoud.