International legal practice Osborne Clarke has advised 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’s Corporate team is considered a go-to practice for many companies in the tech, media and comms sector, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.
Evolving and disruptive technologies are changing how businesses operate, compete and evolve, creating extraordinary, transformative opportunities. Osborne Clarke is at the forefront of advising on ground-breaking transformations. Visit our Digitalisation pages to find out more.