COBALT advised newly launched venture capital fund Change Ventures on Estonian law issues with respect to fund formation as well as on their first three investments which were:
- Interactio – Lithuanian startup that provides a simultaneous translation app that fully replaces interpretation hardware for live events;
- Timbeter – Estonian startup that offers a smart-device solution for accurate timber measurement and data management that will revolutionize the timber supply chain;
- Guaana – Estonian startup that reinvents the process of allocating scientific research grants with an online platform that is completely based on peer evaluation.
Change Ventures invest up to EUR 500,000 in seed stage technology startups with primary focus to back ambitious Baltic founders. The fund aims to be the first institutional investor, usually investing alongside angel investors.
From COBALT the client was advised by partners Kristel Raidla-Talur and Egon Talur, managing associate Eva Suduiko, specialist counsel Ave Piik, and associates Greete-Kristiine Kuru and Aleksander Tsuiman.
Please see the press release from here.