Sorainen has advised Reiterate on raising EUR 1.25 million in a pre-seed round led by Hummingbird Ventures. Cobalt advised Hummingbird on the deal.
According to Sorainen, Reiterate is a Tallinn-based startup “aiming to automate cost and revenue intelligence for transactional businesses. The new investment will be used to grow its global engineering and product team to further develop the calculation editor, improve client onboarding, and grow traction in the UK and across Europe.”
Sorainen’s team included Senior Associate Mirell Prosa and Associates Vladislav Leiri and Kristi Tammiku.
Cobalt's team was led by Partner Kristel Raidla-Talur and included Senior Associate Marten Amjarv and Associate Johanna Lumiste.