Wilson Sonsini Goodrich & Rosati advised Weee! on the deal, while Latham & Watkins represented SoftBank Vision Fund 2.
Weee!, the largest and fastest-growing ethnic e-grocer in North America, announced it has secured $425 million in Series E financing led by SoftBank Vision Fund 2. Greyhound Capital also participated in this round alongside the company’s existing investors.
The capital from the fundraise will be used to expand Weee!’s platform offering across new and existing ethnicities, and scale grocery and food delivery services to new geographies providing more customers with access to exciting food at affordable prices. The company will also advance warehouse automation and AI innovations to further improve its industry-leading customer experience. Weee! continues to expand its Chinese, Japanese, Korean, Vietnamese, Filipino, Indian, and Latin offerings for customers, adding more than 500 new products per week, and plans to expand to other ethnicities in the future. Weee! also partners with more than 1,000 restaurants to offer authentic food-at-home options for customers.
The Wilson Sonsini team included Kathy H. Ku (Picture), Michael Pestana, Nicolas Barnett, Tyler Tschirhart, and Lori Walker.
Latham & Watkins represented SoftBank Vision Fund 2 in the financing with an emerging companies deal team led by Bay Area partners Saad Khanani and Ben Potter, with Bay Area associates Betsie Stukenborg and Melinda Vanderburg. Advice was also provided on intellectual property matters by Bay Area counsel Arielle Singh; and on HSR matters by Washington, D.C. counsel Patrick English.
Involved fees earner: Patrick English – Latham & Watkins; Saad Khanani – Latham & Watkins; Benjamin Potter – Latham & Watkins; Arielle Singh – Latham & Watkins; Betsie Stukenborg – Latham & Watkins; Melinda Vanderburg – Latham & Watkins; Nick Barnett – Wilson Sonsini Goodrich & Rosati; Katherine Ku – Wilson Sonsini Goodrich & Rosati; Mike Pestana – Wilson Sonsini Goodrich & Rosati;