7Shifts’ $21.5 Million Series B Financing

Osler, Hoskin & Harcourt LLP advised 7Shifts and Ten Coves Capital.

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.

7Shifts is a Saskatoon-based software firm specializing in employee scheduling and management for clients in the restaurant industry.

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

The Osler, Hoskin & Harcourt team advising 7Shifts consisted of Chad Bayne (Picture), Justin Dharamdial, Sahil Chopra and Theresa Donkor (Emerging and High Growth Companies). The Osler team acting for Ten Coves comprised of David Jamieson, Gary Marshall and Horatiu Porime (Emerging and High Growth Companies).

 

Involved fees earner: Chad Bayne – Osler Hoskin & Harcourt; Sahil Chopra – Osler Hoskin & Harcourt; Justin Dharamdial – Osler Hoskin & Harcourt; Theresa Donkor – Osler Hoskin & Harcourt; David Jamieson – Osler Hoskin & Harcourt; Gary Marshall – Osler Hoskin & Harcourt; Horatiu Porime – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: 7Shifts; Ten Coves Capital;

Author: Martina Bellini