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.