Cobalt’s Tallinn office has advised early-stage investment fund Change Ventures on its investment in Tallinn-based computer vision startup Fyma. Hedman Partners advised Fyma on the deal.
According to Cobalt, Fyma attracted a total of USD 1.8 million in the seed round from investors Change Ventures, 7 Percent, Decacorn, Lemonade Stand, Tiny VC, and Superangel. According to the firm, Fyma will use the funding to grow its team and to launch new pilot programs for its software.
Fyma is an Estonian provider of computer vision AI analytics services, which turn any CCTV camera into a sensor for gathering real-time data.
Cobalt’s team included Partner Kristel Raidla-Talur, Senior Associates Greete-Kristiine Kuru and Sven Bottcher, and Assistant Lawyer Johanna Lumiste.
Hedman Partners’ team was led by Partner Valter Vohma.