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Cobalt Estonia Advises Change Ventures on Fund Formation and Initial Investments

Cobalt Estonia Advises Change Ventures on Fund Formation and Initial Investments


Cobalt Estonia has advised a newly launched venture capital fund, Change Ventures, on Estonian law issues with respect to fund formation and on their first three investments, into Interactio (a Lithuanian startup that provides a simultaneous translation app that fully replaces interpretation hardware for live events), Timbeter (an Estonian startup that offers a smart-device solution for accurate timber measurement and data management), and Guaana (an Estonian startup that provides an online platform for allocating scientific research grants based on peer evaluation).

According to Cobalt, "Change Ventures invest up to EUR 500,000 in seed stage technology startups with primary focus to back ambitious Baltic founders. The fund aims to be the first institutional investor, usually investing alongside angel investors."

The Cobalt team was led by Partners Kristel Raidla-Talur and Egon Talur, Managing Associate Eva Suduiko, Specialist Counsel Ave Piik, and Associates Greete-Kristiine Kuru and Aleksander Tsuiman.

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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