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Cobalt Advises Practica Capital on Investment in Eneba

Cobalt Advises Practica Capital on Investment in Eneba

Lithuania
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Cobalt has advised Practica Capital on its joint investment with other investors of USD 8 million in Lithuanian startup Eneba.

According to Cobalt, “launched in 2018 by two Lithuanian school friends, Eneba provides a marketplace for gamers to safely purchase everything they need for the world’s most popular games. Eneba has already attracted a community of 26 million unique users. Eneba will use its funding to accelerate investment in product development making the platform faster, safer, and easier to use and to expand further in the US and across other key global markets.”

Cobalt’s team included Partner Akvile Bosaite and Associate Robertas Grabys. 

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.