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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

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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.

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