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Cobalt Advises on ICO of Robot Interviewing Company

Cobalt Advises on ICO of Robot Interviewing Company

Estonia
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Cobalt is advising on the initial coin offering of Robot Vera.

According to Cobalt, "Robot Vera specializes in mass hiring, and does all the work ten or more times faster than a human recruiter. Robot Vera is able to recognize the candidate's emotions in video interviews and also conduct conversations in virtual reality. It is also learning to lead a 'live conversation' and answer the counter-questions of applicants about the vacancy and the employer. Over the last 1.5 years, the company developing Robot Vera has raised investments amounting to more than USD 1.1 million from the Internet Initiatives Development Fund (IIDF), one of the most active venture capital funds in Europe. The company is mainly active in Russia and decided to organize an ICO to raise up to USD 10 million for global expansion."

Cobalt reports that "ICO (initial coin offering, also referred to as token sale) has become increasingly popular type of crowdfunding, the estimated total amount raised during 2017 already being well in excess of USD 1 billion. ICO is arranged through a blockchain platform using smart contract functionality, [and] cryptographic tokens can be acquired for crypto or fiat currency and later sold on various crypto exchanges."

The Cobalt team was led by Partner Kristel Raidla-Talur and included Associates Christine Magi and Mattias Tammeaid.

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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