Boston, MA. Nixon Peabody LLP is pleased to have represented Blitzy, an autonomous software development platform, in its $200 million growth round that raised the company’s post-money valuation to $1.4 billion.
Northzone led the investment round, with new investors including PSG, Battery Ventures, Jump Capital, Morgan Creek Digital, and Defiant, as well as continued support from existing investors, including Flybridge, Link Ventures, NFX, Picus Capital, and Venture Guides. Liberty Mutual Strategic Ventures, Erie Strategic Ventures, and BAL Ventures also provided strategic investments.
"We are proud to have advised Blitzy on this important milestone,” said Nixon Peabody Corporate partner Christopher Keefe, head of the firm’s Business & Finance Department and leader of the firm’s deal team. “The demand for enterprise software modernization is accelerating, and some legacy development tools have struggled to deliver at the scale, complexity, and speed that large organizations require. Blitzy’s platform represents a meaningful leap forward and this financing positions the company to meet that moment. We are thrilled to be shoulder to shoulder with the Blitzy team in that endeavor.”
In addition to Keefe, the Nixon Peabody team included partners Paul DeTurk, Nicholas Gerlach, and Shahzad Malik, and associates Tim Sharkey and Clara Robertson.
See Blitzy’s press release to learn more about the transaction.
