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Cobalt Advises Rubylight on Follow-On Investment in Social Newsfeed App Jodel

Cobalt Advises Rubylight on Follow-On Investment in Social Newsfeed App Jodel


Cobalt has advised Rubylight on follow-on investment in the Berlin-based social newsfeed app Jodel.

According to Cobalt, "Jodel is an online community providing real-time updates on what is happening in the area around the user. Users may post anonymously via iOS or Android app without sign-up or user profile. By up and down voting users get to decide which posts get more attention."

Rubylight was advised by Cobalt Partner Kristel Raidla-Talur and Associate Greete-Kristiine Kuru throughout the transaction. German law firm Heuking Kuhn Luer Wojtek was engaged for covering local German law aspects of the transaction.

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

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