Cobalt has advised capital300 and Chalfen Ventures on a EUR 5 million series A investment into Riga-based startup Lokalise.
Founded in 2017, Lokalise is a Latvian startup that focuses on translation and localization of apps, websites, games and more. According to Cobalt, "this is one of the largest ever first-time investments for a Latvian-founded startup."
Cobalt's team included Partner Indriķis Liepa, Senior Associate Diana Zepa, and Associates Agnese Gerharde and Ivo Maskalans.
Cobalt did not reply to our inquiry about the deal.
Editor's note: After this article was published, Orrick informed CEE Legal Matters that it had advised Lokalise on the deal. The firm's team consisted of, in London, Partner Chris Grew and Managing Associate Jason Wu; in Santa Monica, Partner Michael Yang; and in New York, Associate Mired Asfour.
