Foley Represents NEA in Investment in SafeBase

Foley & Lardner LLP recently represented New Enterprise Associates (NEA) in its investment in the $18 million Series A financing round for SafeBase, a company that helps B2B SaaS companies close enterprise deals faster by streamlining the security assessment process.

SafeBase is a smart trust center for sharing a company’s security posture and automating access to sensitive documents. The SafeBase portal provides companies with “self-serve” access, allowing InfoSec teams to learn everything about a company’s security program, which speeds up the sales cycle while building trust with customer prospects by allowing complete visibility.

SafeBase was started by founders Al Yang, CEO; and Adar Arnon, CTO; who met at Harvard and were admitted to Y Combinator’s accelerator program amidst the Pandemic. Together they are on a mission to create a world in which companies with solid security programs can gain a competitive advantage in the sales process.

The Foley team was led by Partner Louis Lehot with assistance from Partners Krista Cabrera, Raj Tanden, Casey Knapp and Mike Overly, and Associates Cayman Weimer, Saige Gallop and Tiffany Young.