Cobalt has advised Change Ventures on a seed investment into Planet42. Hedman Partners reportedly advised Planet42.
Change Ventures is an early-stage investment fund based in the Baltics. Planet42 operates a car rental and hire-purchase platform in South Africa focused on unbanked clientele. According to Cobalt, "Change Ventures took the role of the lead investor of the round and was joined by co-investors such as Martin Villig (Bolt), Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), and Kristjan Vilosius (Katana MRP). The total amount of the round was around EUR 2.2 million."
Cobalt's team included Partner Kristel Raidla-Talur and Senior Associates Sven Bottcher and Greete-Krisiine Kuru.