Tue, Oct
36 New Articles

Cobalt Advises Practica Capital on Amlyze Investment

Cobalt Advises Practica Capital on Amlyze Investment

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Cobalt has advised Lithuanian venture capital fund management company Practica Capital on its investment in anti-money laundering start-up Amlyze.

According to Cobalt, Amlyze has raised EUR 1 million and is “entering a new stage of geographical and team growth. The investment is great news not only for Amlyze, but also for Lithuania as a technological innovation center. It will allow Amlyze to develop its operations in different countries and strengthen the team in order to ensure sustainable growth and a greater impact on the security of the financial sector.”

Amlyze technology “features advanced techniques using artificial intelligence (AI) algorithms and data analytics to detect and stop money laundering activities,” Cobalt announced.

Back in 2022, Cobalt advised Practica Capital on its investment in a wellness and rehabilitation center in Druskininkai (as reported by CEE Legal Matters on July 26, 2022).

The Cobalt team was led by Partner Akvile Bosaite.

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.