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Cobalt Advises Karma Ventures on Leads Pactum AI’s USD 20 Million Series B Round

Cobalt Advises Karma Ventures on Leads Pactum AI’s USD 20 Million Series B Round

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Cobalt has advised Karma Ventures on leading the USD 20 million Series B funding round for Pactum AI with other investors including 3VC, Atomico, Project A, Superangel, PortfoLion, and Maersk.

Karma Ventures is a venture capital firm specializing in late seed and A-round investments.

Pactum AI develops an AI-based system for autonomous negotiations. 

Earlier, in 2023, Cobalt advised Karma Ventures on an additional investment in Commsignia's series B (as reported by CEE Legal Matters on September 15, 2023), in 2022, the firm advised Karma Ventures on its investment in Jobbatical (as reported by CEE Legal Matters September 19, 2022), and, in 2019, it advised Karma Ventures on its follow-on investment in MeetFrank (as reported by CEE Legal Matters on December 19, 2019) as well as on its investment in Infermedica (as reported by CEE Legal Matters on June 17, 2019). 

Additionally, in 2022, Cobalt advised 3VC on leading the round for Pactum (as reported by CEE Legal Matters on December 15, 2022). In 2020, the firm advised Project A on its investment in Pactum (as reported by CEE Legal Matters on July 8, 2020).

The Cobalt team included Specialist Counsel Greete-Kristiine Kuru, Senior Associate Kerli Salu, and Assistant Lawyer Paul Schifrin.

Cobalt did not respond to our inquiry on the matter.

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.