COBALT advised venture capital fund Karma Ventures on investment in Al start-up DRUID

COBALT advised venture capital fund Karma Ventures on investment in Al conversational technology start-up DRUID. The series A funding round of 15 million dollars was led by Karma Ventures and Hoxton Ventures and joined by GapMinder and four other investors from Germany, Switzerland, Poland, and Romania.

DRUID is a Romanian start-up that offers a no-code enterprise conversational Al platform with a mission to change the paradigm of how people are interacting with technology. DRUID platform reduces the time spent by employees with data operation (non-productive time) and increases data quality, therefore reducing the overall costs for the same output.

Karma Ventures is a venture capital firm that specializes in late seed and A-round investments in Europe´s most promising technology start-ups.

COBALT acted as Karma Ventures’ lead counsel. The core transaction team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, Associate Johanna Lumiste, and Assistant Lawyer Marit Raatma.

Read more: here and here