Cobalt has advised Karma Ventures on its investment in MeetFrank, a recruitment startup founded in September 2017.
MeetFrank is an app that uses machine learning and a chatbot to match talent to vacant positions. According to Cobalt, ”recently [MeetFrank] closed a 1 million EUR seed funding round to expand their business in Europe.” According to MeetFrank, the company, at the moment, has around 125,000 active users across Europe and its service is used by more than 2,000 companies. The app is available in Estonia, Finland, Sweden, Latvia, Lithuania, and most recently also in Germany.
Karma Ventures is an early-stage venture capital firm, specializing in late seed and A-round investments in European tech startups.
Karma Ventures was advised during the entire transaction by Cobalt Partner Kristel Raidla-Talur, Senior Associate Greete-Kristiine Kuru, Associate Aleksander Tsuiman, and Assistant Lawyer Stella Raudsepp.
Cobalt did not reply to an inquiry on the matter.