Foley & Lardner LLP recently represented NEA as lead investor in the $19 million seed and Series A funding round for Slash, an online banking platform aimed at solo entrepreneurs. NEA was joined by other investors including Y Combinator, Menlo Ventures, Connect Ventures, Soma Capital, Tinder co-founder and former CMO Justin Mateen, Plaid co-founder William Hockey, and other angels and funds.
Slash is building banking for the hustle economy. Slash provides personal checking accounts, business checking accounts, virtual cards, a physical debit card per account, ACH payments, instant payouts from popular marketplaces, and a sleek web and mobile app. It is designed to support entrepreneurs as they grow their businesses.
The Foley team was led by Partner Louis Lehot and included Associates Cayman Weimer and Saige Gallop.Foley’s Venture and Growth Capital Group understands the complex and diverse needs of both venture funds and their portfolio companies, offering a broad range of services at each stage of development. Foley’s attorneys have insight into the unique needs of high-growth companies. For more information, visit FoleyIgnite.com.