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Cobalt Advises Capital300 and Chalfen Ventures on Investment into Lokalise

Cobalt Advises Capital300 and Chalfen Ventures on Investment into Lokalise

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Cobalt has advised capital300 and Chalfen Ventures on a EUR 5 million series A investment into Riga-based startup Lokalise.

Founded in 2017, Lokalise is a Latvian startup that focuses on translation and localization of apps, websites, games and more. According to Cobalt, "this is one of the largest ever first-time investments for a Latvian-founded startup."

Cobalt's team included Partner Indriķis Liepa, Senior Associate Diana Zepa, and Associates Agnese Gerharde and Ivo Maskalans.

Cobalt did not reply to our inquiry about the deal.

Editor's note: After this article was published, Orrick informed CEE Legal Matters that it had advised Lokalise on the deal. The firm's team consisted of, in London, Partner Chris Grew and Managing Associate Jason Wu; in Santa Monica, Partner Michael Yang; and in New York, Associate Mired Asfour.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. 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 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.