Dechert advises Shift Technology on its €53 million fundraising to bring AI to the insurance claims process
Dechert LLP advised Shift Technology, a research and development company focused on AI-native solutions aimed at combatting fraud in the insurance industry, in connection with its Series C fundraising of €53 million led by Bessemer Venture Partners and other existing investors including Accel, General Catalyst and Iris Capital.
This fundraising, bringing total investment in the company to €88 million, will support the company’s expansion, bolstering Shift Technology’s existing global presence, particularly in the US and Japanese markets, as well as R&D and new product development.
The Dechert Paris-based team advising Shift Technology on the legal aspects included partner Anne-Charlotte Rivière with associates Xavier Leroux and Louis Taslé d’Héliand.
Bessemer Venture Partners was advised on legal aspects by Latham & Watkins with partner David Concannon and associate Marine Bazé.
General Catalyst and Accel were advised on legal aspects by Gide Loyrette Nouel with partner Pierre Karpik and associate Paul Jourdan-Nayrac.
About Dechert
Dechert is a leading global law firm with 27 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
