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Cobalt Advises 3Commas on USD 37 Million Series B

Cobalt Advises 3Commas on USD 37 Million Series B

Estonia
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Cobalt has advised 3Commas on its USD 37 million Series B funding round led by Target Global and including Alameda Research, Jump Capital, and Dmitry Tokarev.

3Commas is a crypto trading platform. According to Cobalt, “3Commas was founded in Tallinn, Estonia, in 2017 to address significant pain points in trading crypto across multiple exchanges. The company plans to use funds to develop further its digital asset trade automation and portfolio management ecosystem. The funds will go towards hiring an R&D team to continue creating new products.”

In 2020, Cobalt advised 3Commas on a USD 3 million investment from Alameda Research (as reported by CEE Legal Matters on November 16, 2020).

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.

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