Latham & Watkins represented Atmosphere in the transaction.
Atmosphere, the worldwide leader in streaming TV entertainment for businesses, has announced a new US$80 million Series C funding round, led by Sageview Capital with participation from existing investors, Valor Equity Partners, and S3 Ventures, as well as a US$20 million debt facility provided by Bridge Bank. In total, the company has now raised over US$140 million.
Atmosphere is a free streaming multi-channel platform for businesses offering 64 original and partner TV channels licensed for commercial venue usage. Atmosphere also provides value-added features for venue operators including a digital signage feature for businesses to run their house promotions within the content.
Latham & Watkins represented Atmosphere in its financing with a deal team led by Austin partner Scott Craig (Picture), with Austin associate Chen Zhang and Century City associate Kathryn Neubauer. Bay Area partner Dan Van Fleet, with Bay Area associate Trevor Church and Houston associate Whitley Johnson advised on the debt facility.
Involved fees earner: Trevor Church – Latham & Watkins; Scott Craig – Latham & Watkins; Whitley Johnson – Latham & Watkins; Kathryn Neubauer – Latham & Watkins; Dan Van Fleet – Latham & Watkins; Chen Zhang – Latham & Watkins;
Law Firms: Latham & Watkins;