COBALT advised Change Ventures on investment in green tech start-up Cloud Factory

2022 - 10 - 13

COBALT advised venture capital fund Change Ventures on investment in the Estonian-based green tech start-up Cloud Factory. Change Ventures led the 2 million euro seed round and included Superhero Capital and angel investors.

Change Ventures is one of the largest venture capital funds in the Baltics that specializes in early-stage investments.

Cloud Factory was founded in 2018 and uses only natural and sustainable materials and 100% recycled precious metals in the process of making 3D-printed jewelry. The company will use the investment to increase its manufacturing capacities and further develop its online platform for product creation and effortless order management integrations in order to meet the demand and needs of the new era of celebrities and brands.

Our work comprised advising the client during the whole transaction. The COBALT project team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, and Associate Johanna Lumiste.

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