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Cobalt Advises Change Ventures on Investment in Cloud Factory

Cobalt Advises Change Ventures on Investment in Cloud Factory

Estonia
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Cobalt has advised venture capital fund Change Ventures on leading a EUR 2 million seed round into Estonia-based green tech start-up Cloud Factory.

The round included Superhero Capital and angel investors.

Change Ventures is a Baltic venture capital fund that specializes in early-stage investments.

According to Cobalt, “Cloud Factory was founded in 2018 and uses only natural and sustainable materials and 100% recycled precious metals in the process of making 3D-printed jewelry. The company will use the investment to increase its manufacturing capacities and further develop its online platform for product creation and effortless order management integrations, in order to meet the demand and needs of the new era of celebrities and brands.”

Cobalt’s team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, and Associate Johanna Lumiste.

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.