Osborne Clarke advises Earlybird Venture Capital on its investment in Briefcase, an AI-powered accounting automation start-up, as part of $3 million funding round

International legal practice Osborne Clarke has advised the London team of Earlybird Venture Capital, a tech-focused VC capital investor, in connection with its lead investment in accounting automation start-up Briefcase. 

The round saw participation from Entrepreneur First, Tiny, and angel investors, including Charlie Songhurst, Mark Ransford, Greg Marsh, Bill Earner, and Chris Mairs, along with executives from companies like Pennylane, Deel, Pleo, and 11X.

Earlybird, a venture capital investor focused on tech-enabled businesses in fintech, insurtech, enterprise software, and deep tech, led this seed funding round, which successfully raised $3 million and saw investment from prominent angel investors as well as additional VCs.

The funds raised will be used to further develop Briefcase's AI-powered accounting automation technology, which aims to transform the accounting and bookkeeping industry by providing more efficient and accurate solutions.

"Osborne Clarke were excellent advisors on this transaction. We would highly recommend them to other founders and investors. They demonstrated great breadth of commercial and legal knowledge and were very easy to work with."

Akash Bajwa, the deal lead and Principal at Earlybird Venture Capital

The Osborne Clarke team advising on this deal was led by Partner Mathias Loertscher and Senior Associate Uday Mehra.

Osborne Clarke's Corporate team is considered a go-to practice for many companies, working with global businesses in a range of sectors including technology, media, and communications. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.