News not to be missed

OÜ McKenzie Invest’s years-long dispute with the Swedish insurance company ended successfully. As a result of the court proceedings, OÜ McKenzie Invest reached an important compromise in the dispute with the Swedish insurance company. OÜ McKenzie Invest was successfully represented..

At the 2023 Investor of the Year awards ceremony, held in Riga on the April 19, COBALT was named “Legal Consultant of the Year”. The awards ceremony is a joint initiative of the Latvian Private Equity and Venture Capital Association..

Private business angels invested into Softloans, a Vilnius-based fintech startup. A €1 million pre-seed investment round was led by venture capital fund Firstpick. This investment aims to revolutionize financing for small and medium-sized enterprises (SMEs) in the e-commerce sector. The..

Viola Credit, a global credit investment manager, has provided a €100 million debt facility to Hokodo, the specialty finance BNPL provider. With the newly acquired funds, Hokodo plans to facilitate nearly EUR 1.5 billion of B2B transactions over the next..

Venture capital companies Practica Capital and Impellent Ventures have invested in the Lithuania-based startup Evergrowth, which develops artificial intelligence (AI)-powered assistants for sales teams. Evergrowth, has attracted USD 2.2 million, marking one of the largest pre-seed investments in startups in..

The Latvian start-up Verifeye Online, an identity verification platform specialising in the facilitation of remote customer onboarding for financial institutions and banks, has secured investment from New Nordic Ventures. Verifeye Online, established in Riga, has developed a platform enabling European..

COBALT and the Estonian Center for Contemporary Art (KKEK) and Lithuanian National Museum of Art signed an agreement to support the Estonian and Lithuanian pavilions of the 60th Venice Art Biennale. This year, sculptor Edith Karlson represents Estonia at the..

COBALT has successfully helped various Latvian environmental organisations to secure a historical victory at the Constitutional Court, challenging a legal framework that allowed the cutting down of smaller-diameter trees in Latvian forests. This is the first time the Constitutional Court..