Cobalt has advised Salv on its EUR 4 million seed investment round led by ffVC with participation from German G+D Ventures.
Salv is an Estonia-based regulatory technology start-up. Salv’s platform specializes in combating financial crime and providing anti-money laundering functionality.
"The digitalization of the financial industry has resulted in an avalanche of financial crime, and the numbers are only projected to grow," Salv CEO Taavi Tamkivi commented. "Our collaborative-crime fighting platform, Salv Bridge, is proven to be effective against money laundering, sanctions, and fraud."
The Cobalt team included Specialist Counsel Greete-Kristiine Kuru and Associate Johanna Lumiste.
Cobalt could not provide further information on the deal.
