Cobalt has advised Practica Capital on its investment in Lithuanian start-up Biomatter Designs — part of the latter's EUR 500,000 investment round.
Biomatter Designs is a developer of a machine-learning powered platform for computational protein design.
According to Cobalt, 70V and several angel investors participated in the round as well. The firm reported that the funds raised by Biomatter Designs will enable to to further drive its artificial intelligence platform to develop computational methods for designing new protein molecules.
Cobalt’s team consisted of Partner Eva Suduiko and Senior Associate Aurelija Balciune.
Cobalt did not reply to an inquiry about the deal.