Ten Coves in 7Shifts’ US$21.5 million Series B financing round

Ten Coves
Key Contact
David Jamieson

Partner, Emerging and High Growth Companies, Toronto

Team
Mihnea Horatiu Porime

Associate, Emerging and High Growth Companies, Toronto

Gary Marshall

Partner, Emerging and High Growth Companies, Toronto

 

On May 25, 2021, 7Shifts completed its US$21.5 million Series B financing round led by Enlightened Hospitality Investments and including Ten Coves Capital, Relay Ventures and Conexus Venture Capital. The proceeds will be used to scale the company’s restaurant labour management platform to meet the needs of restaurants as they emerge from the COVID-19 pandemic. 7Shifts will also use the funding to grow its team and invest in product development.  

Ten Coves is a growth equity firm focused on investments in the technology and financial services industries.

Osler, Hoskin & Harcourt LLP advised Ten Coves with a team consisting of David Jamieson, Gary Marshall and Horatiu Porime (Emerging and High Growth Companies).

Value
US$21.5 million
Date Closed
May 25, 2021
Lead Office
Toronto
Key Contact
David Jamieson

Partner, Emerging and High Growth Companies, Toronto

Team
Mihnea Horatiu Porime

Associate, Emerging and High Growth Companies, Toronto

Gary Marshall

Partner, Emerging and High Growth Companies, Toronto