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Cobalt Advises Karma Ventures on Investment in Plumbr

Cobalt Advises Karma Ventures on Investment in Plumbr

Estonia
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Cobalt has advised venture capital firm Karma Ventures on its investment in Plumbr.

According to Cobalt, "Plumbr software makes digital user experiences transparent by monitoring interactions that users perform with customer software. It also exposes root causes of performance and availability issues that trigger poor user experience." With its investment, Karma Ventures being the first institutional investor in the company.

Karma Ventures is an early-stage venture capital firm, specialized in seed and A round investments in Europe’s promising tech startups. Its key investors include Ambient Sound Investments and the Baltic Innovation Fund, a fund-of-fund initiative launched by the European Investment Fund in close cooperation with the governments of Estonia, Latvia, and Lithuania.

“Plumbr has so far invested in product development and initial go-to market steps,” said Priit Potter, CEO of Plumbr. “The feedback we get from the market gives us confidence to start scaling sales. Raising additional funding and bringing in extra commercialization power enables us to step up our expansion efforts.”

Kristjan Laanemaa, a partner at Karma Ventures, commented that: “We decided to back Plumbr after recognizing the potential of building a new-era application performance monitoring solution company. We think that the future is not only in monitoring the technical performance of digital services, but also in exposing the business impact of performance and availability issues. This gives businesses the chance to detect and eliminate problems that could otherwise have a significant impact on business results.”

Karma Ventures was advised by Cobalt Partner Kristel Raidla-Talur and Associate Greete-Kristiine Kuru on all transactional matters, as well as Specialist Counsel Ave Piik and Associate Aleksander Tsuiman on IP matters.

Cobalt did not reply to our inquiry about the identity of counsel for Plumbr.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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

All News about Cobalt can be found here.

 

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