28
Thu, Mar
53 New Articles

Stratulat Albulescu and Cobalt Advise on Druid's USD 15 Million Series A

Stratulat Albulescu and Cobalt Advise on Druid's USD 15 Million Series A

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Stratulat Albulescu has advised Al start-up Druid on its USD 15 million series A financing round led by Karma Ventures and Hoxton Ventures. Cobalt advised Karma Ventures. Orrick Herrington & Sutcliffe reportedly advised Druid as well. Hoxton was reportedly advised by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.

According to Cobalt, the lead investors were "joined by GapMinder and four other investors from Germany, Switzerland, Poland, and Romania."

"The new funding will be used to accelerate the company's international expansion and footprint by actively hiring new talent and increasing platform versatility," Stratulat Albulescu informed.

Founded in 2018, Druid is a Romanian start-up that offers a no-code enterprise conversational Al platform.

Karma Ventures is a venture capital firm that specializes in late seed and A-round investments in Europe’s technology start-ups.

The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat and included Senior Associate Vlad Sandulescu and Associates Roxana Ioncu and Adina Popescu.

The Cobalt team included Partner Kristel Raidla-Talur, Counsel Greete-Kristiine Kuru, Associate Johanna Lumiste, and Assistant Lawyer Marit Raatma.

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.