COBALT advised Karma Ventures on its follow-on investment in MeetFrank, an innovative career app founded in September 2017. In a round led by investors Karma Ventures, Enern VC, Change Ventures and Hummingbird, Tallinn-based MeetFrank raised €1.5 million which they will use to launch new features.
MeetFrank is a recruitment app that helps passive job seekers find potential opportunities based on data such as their salary expectations, skillset and experience. The machine learning and a chatbot combo anonymously matches talent to vacant positions. To date, MeetFrank has raised €2.4 million in total funding and has currently over 265,000 users.
Karma Ventures is an early-stage venture capital firm, specialised in late seed and A-round investments in Europe’s most promising tech startups. COBALT has previously advised several of their investments, such as Wirepas, Commsignia, Xolo, Infermedica, Realeyes, AppGyver, Minut, Sonarworks, CGTrader, Plumbr, SpectX and Adaptive Simulations.