Cobalt has advised Karma Ventures on its additional investment in its portfolio company and traffic ecosystem solution provider Commsignia, part of the company's USD 15 million Series B round led by PortfoLion Capital Partners, Inventure, Day One Capital, and Inference Partners, together with Partech, and Credo Ventures.
According to Cobalt, “this investment will help Commsignia strengthen its leadership and grow faster in new markets and geographies as the digital transformation of the transport and automotive industry gains momentum.”
Karma Ventures is a venture capital fund specializing in late-seed and A-round investments in Europe’s most promising technology start-ups.
Commsignia is the largest company fully dedicated to vehicle-to-everything solutions with over 140 employees, according to Cobalt. “The company’s V2X products connect the entire traffic ecosystem, working together with partners in the automotive sector as well as those from the infrastructure operator side.”
The Cobalt team included Partner Kristel Raidla-Talur and Senior Associate Marten Amjarv.
Cobalt did not respond to our inquiry on the matter.