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Cobalt Advises Karma Ventures on Investment in Jobbatical

Cobalt Advises Karma Ventures on Investment in Jobbatical

Estonia
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Cobalt has advised Karma Ventures on its investment in employee relocation management start-up Jobbatical.

According to Cobalt, “the EUR 11.6 million funding round was led by venture capital fund Inventure and included Karma Ventures, Metaplanet, Devotion Ventures, Swiss Post Ventures, Union Square Ventures, and some well-known Estonian angel investors.”

Jobbatical, founded by Estonian entrepreneurs Karoli Hindriks and Ronald Hindriks, and Ankur Agarwal, offers employee relocation and immigration process services.

Karma Ventures is a venture capital fund specializing in late-seed and A-round investments in technology start-ups in Europe.

Cobalt’s team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, and Associate Johanna Lumiste.

Cobalt did not respond to our inquiry on the matter.

Editor's Note: After this article was published, TGS Baltic announced that it had advised Inventure on leading the investment round. The firm's team included Partner Sander Karson and Senior Associates Mirko Kikkamagi, Maris Alt, and Mari-Liis Orav.

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