Sequoia Capital’s Minority Investment in SSENSE

Simpson Thacher represented SSENSE in the transaction.

Sequoia Capital executed a minority investment in SSENSE, the first round of external funding in the company’s 18-year history, giving the company a post-money enterprise value of more than CAD$5 billion.

Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California and mainly focuses on the technology industry.

SSENSE, headquartered in Montreal, is a global technology platform operating at the intersection of culture, community and commerce, featuring a mix of established and emerging luxury brands across womenswear, menswear, kidswear and Everything ElseTM. SSENSE is both an e-commerce engine and a producer of cultural content, and generates an average of 100 million monthly page views.

The Simpson Thacher team included Ryerson Symons, Jakob Rendtorff (Picture), Heesu Kim, Rex Hupy and Jule Walsh (M&A); Dan Webb (Capital Markets); Lori Lesser and Alysha Sekhon (IP); Sophie Staples (Tax); Andrew Blau and Pasco Struhs (Executive Compensation and Employee Benefits); and Sara Razi, Kelly Karapetyan and Christine Tillema (Antitrust). 

Involved fees earner: Rex Hupy – Simpson Thacher & Bartlett; Jakob Rendtorff – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Heesu Kim – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Sara Razi – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Pasco Struhs – Simpson Thacher & Bartlett; Ryerson Symons – Simpson Thacher & Bartlett; Christine Tillema – Simpson Thacher & Bartlett; Jule Walsh – Simpson Thacher & Bartlett; Daniel Webb – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Sequoia Capital Operations LLC;

Martina Bellini

Author: Martina Bellini