DLA Piper advises Briq in US$30 million Series B financing

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 (CPM) platform for construction financial professionals provides accurate and real-time forecasting abilities, automated workflows and interconnected systems that provide contractors with better visibility into their business.

“It was a pleasure to bring together our extensive experience advising emerging growth tech companies on complex transactions and our strong understanding of the construction industry to advise Briq on this financing, which will enable it to continue developing innovative construction technology for the benefit of its customers,” said David Richardson, the DLA Piper partner who led the firm’s deal team.

In addition to Richardson (Sacramento), the DLA Piper team representing Briq included associate Spencer Hodson (Sacramento) and partner Eileen O’Pray (Silicon Valley).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US 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 2,100 financings totaling over US$31 billion.

DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups 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.