Bristol-based legal experts at international law firm Osborne Clarke have advised growth finance group BGF on its investment in Oxbotica, a global leader in autonomous vehicle software for businesses.
The $140m (£115m) Series C funding round will be used to drive the Oxford-based firm’s global expansion and accelerate commercialisation of its self-driving technology.
The investment round accommodates growing demand from the market as well as Oxbotica’s current shareholders.
It attracted financial and strategic partners from around the world, including new investors such as Aioi Nissay Dowa Insurance, part of Asia’s largest insurer, and Japanese corporate venture capital firm ENEOS Innovation Partners.
BGF, which has an office in Bristol, was among shareholders re-investing in Oxbotica, along with bp ventures, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF.
BGF, a long-standing client of Osborne Clarke, had participated in Oxbotica’s previous $47m funding round, investing £6m.
The Osborne Clarke team advising BGF included Bristol-based associate director James Taylor, pictured, and associate Olivier Jacquelin.
Osborne Clarke’s international venture capital practice is widely recognised as a leading European law firm for companies operating in tech-enabled industries.
The venture capital team is ranked tier one by law sector directory The Legal 500 and has experts across London, the Thames Valley and Bristol.
It has an outstanding track record advising start-ups, global market leaders, angel investors and institutional VC/growth capital investors on funding rounds, follow-on rounds, venture debt facilities, IPOs, trade sales and buy-and-build projects.