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Cobalt and Hedman Partners Advise on USD 1.8 Million Investment in Fyma

Cobalt and Hedman Partners Advise on USD 1.8 Million Investment in Fyma

Estonia
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Cobalt’s Tallinn office has advised early-stage investment fund Change Ventures on its investment in Tallinn-based computer vision startup Fyma. Hedman Partners advised Fyma on the deal.

According to Cobalt, Fyma attracted a total of USD 1.8 million in the seed round from investors Change Ventures, 7 Percent, Decacorn, Lemonade Stand, Tiny VC, and Superangel. According to the firm, Fyma will use the funding to grow its team and to launch new pilot programs for its software.

Fyma is an Estonian provider of computer vision AI analytics services, which turn any CCTV camera into a sensor for gathering real-time data.

Cobalt’s team included Partner Kristel Raidla-Talur, Senior Associates Greete-Kristiine Kuru and Sven Bottcher, and Assistant Lawyer Johanna Lumiste.

Hedman Partners’ team was led by Partner Valter Vohma.

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.