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.
Partner Mathias Loertscher and Senior Associate Josephine Healy advised Eight Roads.
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.
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