Cobalt has advised Karma Ventures on leading the USD 5 million series A investment round for Estonian cybersecurity startup Patchstack which also saw the participation of G+D Ventures and Emilia Capital. Triniti reportedly advised Patchstack.
Karma Ventures is a venture capital fund specializing in late-stage seed and A-round investments,
Patchstack is an Estonian-based cybersecurity company that enables digital agencies and web developers to monitor and protect websites and applications from third-party code vulnerabilities.
G+D Ventures is a German investor.
Emilia Capital is the investment firm of Yoast founders Marieke van de Rakt and Joost de Valk.
The Cobalt team included Managing Associate Greete-Kristiine Kuru and Assistant Lawyer Paul Schifrin.
Editor's Note: After this article was published, Ellex announced that it advised Giesecke+Devrient Ventures on its participation. The firm's team included Partner Antti Perli.
