COBALT advised Karma Ventures on its investment in MeetFrank, an innovative recruitment startup founded in September 2017.
MeetFrank is a recruitment app that uses machine learning and a chatbot to match talent to vacant positions. Recently they closed a 1 MEUR seed funding round to expand their business in Europe. According to MeetFrank, they have at the moment around 125,000 active users all over Europe and their services are used by more than 2,000 companies. The app is available in Estonia, Finland, Sweden, Latvia, Lithuania, and most recently also in Germany.
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 Realeyes, AppGyver, Minut, Sonarworks, CGTrader, Plumbr, SpectX and Adaptive Simulations.
Karma Ventures was advised during the entire transaction by partner Kristel Raidla-Talur, senior associate Greete-Kristiine Kuru, associate Aleksander Tsuiman, and assistant lawyer Stella Raudsepp.