Bristol-based lawyers at international law firm Osborne Clarke have advised BGF on its investment in a $140 million (£115 million) Series C funding round at Oxbotica, a global leader in autonomous vehicle software for businesses.

The funding will be used to drive Oxford-based Oxbotica’s global expansion and accelerate commercialisation of its self-driving technology.

The investment round accommodates growing demand from the market (and current shareholders) and includes financial and strategic partners from around the world, including new investors such as Aioi Nissay Dowa Insurance Co. Ltd and ENEOS Innovation Partners.

Current Oxbotica shareholders who are re-investing alongside BGF include bp ventures, Halma, Hostplus, Kiko Ventures (IP Group), Ocado Group, Tencent, Venture Science and ZF.

BGF previously participated in Oxbotica’s $47m funding round, investing £6 million.

The Osborne Clarke team that advised long-standing client BGF included Bristol-based associate director James Taylor 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 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 & build projects.