Snell & Wilmer Advises Client Blueprint Equity as it Leads $8M Series A Funding of Tovuti, Inc.

SAN DIEGO – Snell & Wilmer represented San Diego-based client Blueprint Equity as it led the $8 million Series A funding round of Tovuti, Inc., an Idaho-based industry leading SaaS learning management system provider. The funding is expected to enable the Boise-based company to accelerate product, customer service and sales across the country. 

Blueprint Equity is a technology-focused growth equity firm focused on investing in and building market-leading enterprise business. In a recent press release, Sheldon Lewis, Managing Partner of Blueprint Equity who joined the company’s board in conjunction with the funding, stated that "Tovuti experienced 3x year-over-year growth last year and is on pace to continue growing rapidly in 2021. Though, what really stuck out to us was Tovuti's unmatched culture that has reverberated with employees and clients. It's no surprise they received the ‘Best Place to Work in Idaho’ in both 2020 and 2021.”

A diverse Snell & Wilmer deal team led by Bardia Moayedi and including Sarah Hibbard and paralegal Justin Ferguson advised Blueprint Equity in the funding.

Snell & Wilmer's corporate and securities attorneys have served as counsel to a substantial number of clients ranging from Fortune 100 companies to smaller emerging businesses. Our attorneys have provided sophisticated legal representation to biotech companies, health care and financial institutions, public utilities, homebuilders, transportation companies, restaurant and hospitality providers, athletic complexes, fitness facilities and many other types of businesses. Snell & Wilmer’s venture capital and private equity practice covers multiple aspects of the transactional arena involving public and private companies, including the structuring and execution of majority buyouts and minority investments, acquisitions (including buy- and sell-side deals, as well as negotiated and auction deals), financings (including 144A transactions and PIPEs), going-private transactions, and spin-off transactions. Our venture capital and private equity attorneys advise both domestic and international funds, including venture capital, private equity, hedge, mezzanine, real estate opportunity, fund-of-funds, exchange, and other private investment funds.