Cobalt has advised venture capital fund Karma Ventures on its follow-on investment in Vilnius-based CGTrader, which was advised by Sorainen. Evli Growth Partners, Karma Ventures, and LVV Group participated in the round, in which CGTrader raised USD 9.5 million.
CGTrader, founded in 2011 in Vilnius, provides 3D models for professionals in computer graphics, gaming, video production, advertising, VR/AR, and other industries.
Cobalt’s team included Partner Kristel Raidla-Talur, Senior Associates Greete-Kristiine Kuru and Sven Bottcher, and Assistant Lawyer Johanna Lumiste.
Sorainen's team included Partner Mantas Petkevicius, Counsel Indre Sceponiene, and Senior Associate Vytautas Sabalys.