COBALT Advised Salv on Raising $2 Million in Seed Funding

2019 - 12 - 05

Salv, the anti‑money laundering startup founded by ex-TransferWise employees has raised $2 million in seed funding. The round was led by venture capital fund Fly Ventures, alongside funds Passion Capital and Seedcamp. Angel investors included N26 founder Maximilian Tayenthal, former CTO of Twilio Ott Kaukver, former CIO of Estonia Taavi Kotka and former CEO of Swedbank Estonia Robert Kitt.

Salv has built a software platform that helps banks and fintech companies find and stop financial crime, making the detection of suspicious transactions and bad actors faster, more accurate and less resource-consuming. Salv is founded by Taavi Tamkivi, Jeff McClelland and Sergei Rumjantsev, who built the anti-money laundering, fraud and know-your-customer tools and teams in TranfserWise and Skype.

COBALT advised Salv during the entire round from term sheet to closing. The client was advised by partner Kristel Raidla-Talur and associate Sven Böttcher.

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