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.