7bridges secures £12.5m Series A funding led by Eight Roads to expand logistics platform
The round was led by Eight Roads with participation from Maersk Growth, Local Globe and Crane.
7bridges operates an artificial intelligence powered logistics platform designed to help global businesses transform and optimise their supply chains. The system integrates disparate data sources to enable autonomous operations across distribution and retail networks.
London based logistics platform 7bridges has secured £12.5m in a Series A funding round led by Eight Roads. The financing includes participation from existing backers Local Globe and Crane, alongside strategic backing from Maersk Growth.
The capital will be deployed to expand the reach of the company proprietary technology, grow its commercial team, and continue investment in data capabilities. This funding aims to address systemic supply chain inefficiencies exacerbated by recent global disruptions.
Eight Roads backed the round to support the scale up of the platform, which offers value optimisation software traditionally restricted to the largest enterprises. Maersk Growth joined to integrate global logistics networks with specialised artificial intelligence.
From the founder
"At 7bridges, we are uniquely positioned to help businesses enhance, and future-proof, their supply chains in ways that are more sustainable, resilient, cost-effective and efficient. By harnessing our artificial intelligence to make coherent rapid and adaptive decisions across channels, product categories, geographies and service providers we’re able to transform multiple elements of the supply chain, from planning to execution, inbound and outbound logistics, inventory optimisation to customer experience."
Philip Ashton
CEO and Co-Founder at 7bridges
Investor perspective
"Almost every shipper is facing significant supply chain challenges from rising costs and a changing regulatory environment, and lack the tools and know-how to navigate them. 7bridges is creating a new category of value optimisation software for logistics which has historically only been a service available to the largest shippers from consultants. We are incredibly excited to partner with the 7bridges team as they look to scale the business."
Davor Hebel
Managing Partner and Head of Eight Roads in Europe, Eight Roads
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
Categories
About the company
7bridges
7bridges provides an artificial intelligence platform for supply chain optimisation and logistics management.