TLDR:
– Snell & Wilmer represented Blueprint Equity in Series A funding of Sprocket Security.
– Funding will accelerate Sprocket’s platform development and expand sales and marketing initiatives.
Snell & Wilmer advised technology-focused growth equity firm Blueprint Equity as it led an $8 million Series A funding round for Sprocket Security, an offensive security solutions platform. The funding will be used to accelerate Sprocket’s platform development, fuel customer success, and expand sales and marketing initiatives. Blueprint Equity provides expansion capital to high-growth, capital-efficient enterprise software and technology-enabled service businesses worldwide. Wisconsin-based Capital Midwest Fund also participated in the funding round.
John Bonhard, Vice President of Blueprint Equity, emphasized the importance of proactive security solutions in the ever-changing cybersecurity landscape, highlighting the growing demand for such services among Chief Information Security Officers (CISOs) and IT security leaders. Casey Cammilleri, CEO of Sprocket Security, and his COO, Gaurav Kulkarni, were praised for their exceptional execution in addressing these security challenges.
A diverse team of Snell & Wilmer attorneys, led by Corporate and Securities Partner Bardia Moayedi, advised Blueprint Equity in the funding round. The firm’s corporate and securities practice has extensive experience working with various clients, ranging from Fortune 100 companies to emerging businesses, providing sophisticated legal representation in areas such as venture capital and private equity transactions.
Overall, the Series A funding of Sprocket Security led by Blueprint Equity with the assistance of Snell & Wilmer underscores the continued growth and importance of cybersecurity solutions in today’s technology-driven world.
