COBALT advised venture capital fund Fly Ventures on investment in Fusebox

COBALT advised early-stage investment fund Fly Ventures on investment into Estonian start-up Fusebox. Fly Ventures led the € 1.3 million round and was joined by other well-known Estonian angels.

Fly Ventures is an early-stage venture capital fund based in Berlin and investing across Europe.  Fusebox is currently the only company in the Baltic states that offers an energy system balancing and trading platform, where active trading takes place on the Estonian and Lithuanian markets.

According to Tarvo Õng, the CEO of the Fusebox, they plan to use the investment for growing their team, developing new services on existing and new markets in the next two years.

Our work comprised advising the client during the whole transaction. The client was advised by our Partner Kristel Raidla-Talur and Senior Associate Sven Böttcher.