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Latham & Watkins Advises Kajabi in US$550 Million Financing

May 6, 2021
A corporate deal team advises the unicorn e-commerce company in the financing.

Kajabi, an e-commerce platform empowering entrepreneurs in the knowledge economy, has announced it raised US$550 million after completing a growth equity financing that values the company at over US$2 billion. The investment comes at a time where the knowledge commerce industry is exploding with increasingly more entrepreneurs building and scaling businesses online with digital products like online courses, membership communities, podcasts, newsletters, and others becoming increasingly popular.

Latham & Watkins LLP represented Kajabi and its Shareholders, including its lead investor Spectrum Equity, in the transaction with a corporate deal team led by Boston partner Ryan McCarthy, with Boston associates John Miller and Michael Casagrande. Advice was also provided on tax matters by Los Angeles partner Larry Stein, and Los Angeles counsel Will Kessler; on benefits and compensation matters by Bay Area partner Ashley Wagner; and on regulatory matters by Washington, D.C. partners Les Carnegie and Erin Brown Jones, with Washington, D.C. associate Andrew Galdes.