Bird & Bird advises Tract on its first institutional funding round
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I am a partner in the Corporate team and am based in our London office. I advise clients on a range of corporate transactions with a particular focus on Venture Capital and Mergers & Acquisitions, predominantly involving technology companies.
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UK
I am an associate in our international Corporate Group in London. I advise clients on a range of corporate transactions, with a particular focus on private M&A, VC investments, private equity, and corporate reorganisations.
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International law firm Bird & Bird has advised Tract, a prop-tech startup that uses AI to revolutionise the process of sourcing real estate and obtaining planning permissions for real estate development, on its pre-seed fundraise co-led by Ada Ventures and Concept Ventures.
Ada Ventures is a London-based venture capital firm that invests in early-stage UK technology companies focused on climate equity, economic empowerment, and healthy aging. Concept Ventures is the UK’s largest dedicated pre-seed fund, supporting early-stage software startups across various verticals.
The Bird & Bird team was led by corporate partner Adam Meisels and associate Thomas Davies.
Adam Meisels commented on the transaction: “We are delighted to have advised Tract on its first institutional fundraise. Tract’s aim of addressing UK housing issues is a prominent subject that will demand increasing attention from both the government and the private sector in the future. This deal highlights our extensive knowledge in technology and companies using AI to help solve significant societal issues.”
Jamie Rumbelow, co-founder and CEO of Tract remarked: “We’re really pleased to have closed our fundraise and we thank the Bird & Bird team for their exceptional support and expertise during the process.”