Cobalt has advised Stargate Hydrogen on its EUR 11 million series A funding round that saw the participation of Giga and UG Investments as well as SmartCap Green Fund. Ellex advised SmartCap.
According to Cobalt, Stargate Hydrogen is an Estonian manufacturer of electrolyzer stacks and systems dedicated to advancing the production and utilization of green hydrogen through cutting-edge ceramic-based electrolysis technology.
SmartCap Green Fund is a state-backed venture capital fund investing in greentech companies.
The Cobalt team included Managing Associate Greete-Kristiine Kuru, Associate Elis Toim, and Assistant Lawyer Paul Schifrin.
The Ellex team included Partner Antti Perli and Counsels Rutt Vark and Merlin Liis-Toomela.
