DLA Piper Advises Briq in USD 30 Million Series B Financing

Series B financing is the second round of funding for a business through investment, including private equity investors and venture capitalists.

DLA Piper represented construction technology company Briq Technologies Inc. in its recent US$30 Series B financing led by Tiger Global Management LLC.

Briq’s corporate performance management platform for construction financial professionals provide accurate and real-time forecasting abilities, automated workflows and interconnected systems that provide contractors with better visibility into their business.

In addition, the DLA Piper team representing Briq included associate Spencer Hodson and partner Eileen O’Pray.

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the United States who provide strategic counsel to emerging companies in high-growth industries, including healthcare, insurance, biotech, manufacturing, communications, software and semiconductors.

Over the last three years, DLA Piper has completed more than 2100 financings totalling over US$31 billion.

DLA Piper’s global Technology sector lawyers work across practice areas and offices to support technology clients – from start-ups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.

DLA Piper advises on all aspects of the fintech sector, representing a wide range of clients, including banks, private equity and venture capital funds, asset managers, broker-dealers, insurance companies, trading platforms and exchanges, and distributed-ledger technology platforms. The firm’s multidisciplinary team around the world offers integrated legal solutions that help clients navigate the increasingly complex environment at the intersection of transactions, technology and regulation.

DLA Piper is also at the forefront of providing legal counsel and business support to emerging proptech companies, investors and developers of innovative real estate technology in areas critical to both their short-term and ongoing success.