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Cobalt Advises Karma Ventures on Investment in SpectX

Cobalt Advises Karma Ventures on Investment in SpectX

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Cobalt Estonia has advised venture capital firm Karma Ventures on its investment in SpectX, a startup founded by former security engineers at Skype and Swedbank that is developing an analytics software solution for rapid processing of unlimited amounts of data.

According to Cobalt, SpectX's technology innovation "enables handling of machine-generated data in its original location rather than loading it into separate tools and databases for processing."

According to Margus Uudam, founding partner of Karma Ventures, the investors were impressed by the elegant technology behind SpectX. “There is no other product in the market as fast and flexible as SpectX for analysing large unstructured data sets," he said. "The professionalism of the team and the initial product they have built show significant potential."

Karma Ventures is an early-stage venture capital firm, specializing in late seed and A round investments in promising European tech startups.

The Cobalt team advising Karma Ventures included Partners Kristel Raidla-Talur and Pirkko-Liis Harkmaa, Associates Greete-Kristiine Kuru, Sille Rastas, and Aleksander Tsuiman, and Assistant Lawyer Christine Mägi.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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