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Cobalt Advises Salv on Generation of Seed Funding

Cobalt Advises Salv on Generation of Seed Funding

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Cobalt has advised Salv, an anti‑money laundering startup founded by ex-TransferWise employees, on its successful raising of USD 2 million in seed funding.

Salv has built a software platform that helps banks and fintech companies find and stop financial crime, making the detection of suspicious transactions and bad actors faster, more accurate and less resource-consuming.

The round was led by venture capital fund Fly Ventures and included funds Passion Capital and Seedcamp. Angel investors included N26 founder Maximilian Tayenthal, former CTO of Twilio Ott Kaukver, former Chief Information Officer of the Estonian government Taavi Kotka, and former CEO of Swedbank Estonia Robert Kitt.

The Cobalt team advising Salv consisted of Partner Kristel Raidla-Talur and Associate Sven Bottcher.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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