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Cobalt Advises Rubylight on Investment in Yaga

Cobalt Advises Rubylight on Investment in Yaga

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Cobalt has advised Rubylight on its investment in the buy-and-sell platform Yaga.

"Yaga has received EUR 2.2 million from investors to take a leading role in rapidly developing markets in Africa and Asia," Cobalt informed. "Among others, investors like Startup Wise Guys, Trind Ventures, Rubylight, and Specialist VC participated in the financing round."

Yaga is an Estonian company that provides a platform for buying and selling recycled fashion goods. Rubylight is a Latvian technology investment company.

Cobalt previously advised Rubylight on its investment in Tandem (as reported by CEE Legal Matters on August 11, 2020).

The Cobalt team included Specialist Counsel Greete-Kristiine Kuru and Associate Johanna Lumiste.

Editor's Note: After this article was published, Hedman (formerly Hedman Partners) announced it had advised Yaga. The firm's team included Senior Associate Kati Pino.

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