Overview
BFKN Corporate & Securities Group served as legal counsel to Pendulum in a deal that raised $35 million in Series B funding for Saltbox, Inc., the flexible co-warehousing and small business logistics pioneer. Pendulum, a strategic growth investing and advisory platform designed for founders and leaders of color, co-led the investment with Atlanta-based and family-owned Cox Enterprises Inc.
Over 500 small to medium-sized businesses across Saltbox's ten co-warehousing locations span numerous industries including fashion and apparel, health and beauty, home goods, resale, and tech in the hardware and services sectors. Half of Saltbox member businesses are led by women or people of color.
"I am excited to join Saltbox's Board of Directors and continue Pendulum's partnership with the team as they establish an infrastructure that supports emerging and fast-growing small-to-medium businesses that power our economy," Robbie Robinson, CEO and Co-Founder of Pendulum, said in a statement.
BFKN's legal team was led by partners Andrew R. Grossmann and Megan Ratia, and associate Jim S. Montelongo.
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