7bridges’ $17 Million Series A Fundraising Round

In UK Osborne Clarke, advised on the matter.

Osborne Clarke advised Eight Roads Ventures with a team including Mathias Loertscher (Picture – Corporate M&A).

Eight Roads Ventures, on its lead investment in 7bridges $17 million Series A fundraising round. Eight Roads led the round together with Local Globe and enterprise VC Crane. With this round 7 bridges has raised just over $20 million to date.

Eight Roads is a global venture capital fund that has previously invested in Alibaba, Cazoo and Appsflyer.

7bridges aims to simplify supply chain logistics by way of an AI-based automation platform which ingests a company’s supply chain, operating and logistics data to present a user with optimized recommendations for how to move goods. 

Integrated logistics company, Maersk, is also in the round as a strategic backer: Maersk will be working with 7bridges to integrate its logistics and shipping data into 7bridges to help Maersk customers manage their logistics more easily. 

Osborne Clarke Partner Mathias Loertscher (Picture) and Senior Associate Josephine Healy advised Eight Roads. 

Involved fees earner: Josephine Healy – Osborne Clarke; Mathias Loertscher – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: Eight Roads Ventures;

Author: Giulia Di Palma