Nanit raises growth funding led by Springcoast

Fenwick reported that it represented Nanit in a $50 million funding round led by Springcoast. Upfront Ventures and Jerusalem Venture Partners also participated. The company planned to expand its AI-powered early-development intelligence systems. Fenwick identified Kristine Di Bacco as the corporate partner leading its transaction team, with associates David Rand, Sarah Marshall and Cecilia Grimaldi. The adviser announcement establishes Springcoast's lead role and the financing's total reported size. It does not disclose Springcoast's individual contribution, an ownership percentage, the round's precise security terms or an acquisition price. The funding announcement is preserved as a historical event, separate from the company's current portfolio relationship.