Cobalt has advised Karma Ventures on its follow-on investment in career app MeetFrank. Eversheds Sutherland reportedly advised MeetFrank.
In a round led by investors Karma Ventures, Enern VC, Change Ventures, and Hummingbird, Tallinn-based MeetFrank raised EUR 1.5 million, which the company will use to launch new features.
Founded in 2017, MeetFrank is a recruitment app that helps passive job seekers find potential opportunities based on data such as their salary expectations, skill-set, and experience. To date, MeetFrank has raised EUR 2.4 million in total funding. It has over 265,000 users.
Karma Ventures is an early-stage venture capital firm specialized in late seed and A-round investments in European tech startups.
The Cobalt team included Partner Kristel Raidla-Talur, Senior Associate Greete-Kristiine Kuru, and Associate Sven Bottchers.