Cobalt has advised 3VC on leading a USD 20 million investment round in AI-powered negotiation platform Pactum.
NordicNinja VC, Maersk Growth, Atomico, Project A, Metaplanet, and Taavet Sten participated in the investment round.
3VC is a European venture capital group that invests in European technology start-ups. Pactum is an AI-powered negotiation platform.
According to Cobalt, “with the investment, Pactum plans to expand its business in the United States and Europe, improve its capabilities in logistics, as well as supplier contract terms and prices of retail products negotiations.”
Cobalt’s team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, and Assistant Lawyer Paul Schifrin.
Cobalt did not respond to our inquiry on the matter.