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02 Jul 2024The CLOser - June 2024
27 Jun 2024
Deals
Maples Group Advises Nory with $16 Million Series A Investment Round
27 May 2024
Maples and Calder (Ireland) LLP, the Maples Group's law firm in Ireland, is pleased to have advised Nory with its $16 million Series A funding round. A team of lawyers based in the firm's Dublin office acted as Irish counsel to Nory and was led by Partner and Head of Corporate, Colm Rafferty.
Nory, the Irish AI-powered restaurant management system, has developed an operating system for hospitably businesses that addresses staffing, inventory, scheduling, waste and more with artificial intelligence to help improve decision making.
Colm Rafferty, head of the firm's Corporate team, commented: "We are always looking to partner with Irish innovation driven enterprises striving to accelerate product development and expand internationally. Our relationship with Nory is a prime example of such a partnership and we were delighted to support Nory with this significant investment round. Many congratulations to Conor Sheridan and his brilliant team at Nory".
Maples and Calder's market leading global Corporate practice has extensive experience acting as lead counsel for buyers, sellers, investors, issuers and acquisition targets across a range of sectors. The team has advised on some of the most high-profile acquisitions of Irish targets by global counterparties, such as the sale of Taoglas to Graham Partners, the sale of Version 1 to Partners Group, the sale of SteriPack to Inflexion, the sale of Taxamo to Vertex and the sale of Boxever to Sitecore.
Read more about this innovative transaction at: Irish Independent / Business Post.
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