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Cobalt Advises BonVenture on Investment in Fairown

Estonia
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Cobalt has advised BonVenture on its investment into Fairown as part of a EUR 5.7 million seed extension round.

BonVenture is a provider of social venture capital in German-speaking countries.

Fairown is an Estonia-based multi-category B2C subscription service provider.

According to Cobalt, "this funding round, led by BonVenture and supported by existing investors such as Neosfer (the early-stage investment arm of the Commerzbank Group), STIHL Ventures (the corporate venture capital arm of STIHL), and Gateway Ventures, is set to drive Fairown’s expansion into the German market."

The Cobalt team included Managing Associate Greete-Kristiine Kuru 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.