COBALT advised Estonian venture capital company Koha Capital Oü in regard to an EUR 0,5 million investment in Giraffe360, a Latvian startup tech company. The investment will provide an opportunity to expand the company in major cities around the world.
This is the largest publicly announced seed startup funding in Latvia this year.
Giraffe360 was founded in Latvia in 2015. It has created a scalable solution to enable users to create “do-it-yourself” 360 visualizations using the company’s proprietary equipment and online tool. Giraffe360’s virtual tours are used in such fields as real estate, hospitality and tourism.
COBALT advised on the structuring of the investment, drafted transaction documentation and represented Koha Capital in negotiations. The COBALT team was led by Partner Gatis Flinters and Specialist Counsel Andrejs Lielkalns. Partner Ingrida Karina-Berzina led the due diligence and contracts related to intellectual property.