August 17, 2021
Sightline Payments has announced the completion of a US$244 million round valuing the company at over US$1 billion. With this capital raise, Sightline becomes Nevada’s first fintech unicorn — one of roughly 700 startups worldwide to ever earn a US$1 billion+ valuation as a private company. In addition to Cannae Holdings, this funding round included existing investors Genting Group, Point Break Capital Management, and founding investor Walter Kortschak.
Latham & Watkins LLP represented Sightline in the transaction with a corporate deal team led by New York partner David Beller, with associates Thomas Engelhardt, Kyle Adams, and Aubrey Steiger. Advice was also provided on tax matters by New York partner Matthew Dewitz; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with associate Kirk Porter; on intellectual property matters by New York partner Steven Betensky; and on data privacy matters by Bay Area counsel Robert Blamires, with associate Kiara Vaughn.