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Cobalt Advises Lithuanian Start-up on Attracting Investment

Cobalt Advises Lithuanian Start-up on Attracting Investment


Cobalt Vilnius has advised Interactio, a Lithuanian start-up that developed a smart interpretation system, on attracting an investment of EUR 435,000 from business angels and the Co-Investment Fund.

The start-up attracted EUR 174,000 from business angels and EUR 261,000 from Lithuania's Co-Investment Fund. 

According to Cobalt, the intelligent interpretation app developed by Interactio is on the top 40 list of the world’s best mobile solutions and has been used in 38 countries for several years. Business giants such as Microsoft, Google, and Amazon are among the company's clients.

This mobile system replaces simultaneous interpretation equipment used during conferences. According to Cobalt, "In addition, this solution enables a conference interpreter to work from any part of the world. During an event, it is sufficient for a participant to have a smart device: mobile phone, computer or tablet, headphones, and access to the Internet. This saves the time and money spent in distributing and collecting conference equipment during events."

The Cobalt team consisted of Associate Partner Eva Suduiko and Associate Viktorija Dusajeva

Lithuanian 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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