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COBALT advises Karma Ventures on its investment in SpectX

2017-05-29

COBALT advised venture capital firm Karma Ventures on its investment in SpectX.

SpectX is a startup founded by former security engineers at Skype and Swedbank that is developing a powerful analytics software solution for rapid processing of unlimited amounts of data. The company’s technology innovation enables handling of machine generated data in its original location rather than loading it into separate tools and databases for processing.

According to Margus Uudam, founding partner of Karma Ventures, the investors were impressed by the elegant technology behind SpectX. “There is no other product in the market as fast and flexible as SpectX for analysing large unstructured data sets. The professionalism of the team and the initial product they have built show significant potential,” Uudam said.

Karma Ventures (karma.vc) is an early-stage venture capital firm, specialised in late seed and A round investments in Europe’s most promising tech startups.

COBALT advised the client during the entire transaction, which including conducting the due diligence of the target company as well as preparing the transaction documents.

Karma Ventures was advised by partners Kristel Raidla-Talur and Pirkko-Liis Harkmaa, associates Greete-Kristiine Kuru, Sille Rästas and Aleksander Tsuiman and assistant Lawyer Christine Mägi.

Read the press release here.