Cobalt has advised SmartCap on its investment of EUR 4.2 million into accelerator fund Superangel.
Superangel is present in both Estonia and Silicon Valley and expects to have the final closing at EUR 20 million. Other investors include LHV pension funds. It is an early stage investment fund that invests in technology companies around the world. The average seed investment duration is seven years and the investment starts in the early stages, but follow-on investments are also planned. The fund is run by entrepreneurs Veljo Otsason, Rain Rannu, and Marek Kriisa.
The Cobalt team consisted of Partner Kristel Raidla-Talur and Senior Associate Karl Kull.
Cobalt did not reply to an inquiry about the deal.