COBALT advised Yaga, an Estonian-founded leading online marketplace for pre-owned fashion, in securing EUR 4 million investment. The pre-Series A funding round was led by Specialist VC, with participation from the Swedish fashion group H&M Group, as well as existing investors Trind Ventures, Startup Wise Guys, and a group of angel investors.
The new investment will support Yaga’s expansion into the Middle East and North Africa and strengthen its position as the leading online fashion resale platform in South Africa.
Founded in Estonia in 2017, Yaga has grown from a local market leader into a fast-expanding international platform that has facilitated the resale of more than six million items, promoting sustainable consumption and reducing textile waste.
COBALT advised Yaga throughout all stages of the transaction. Our team included Partner Kristel Raidla-Talur, Managing Associate Grete Kuru and Junior Associate Paul Schifrin.
