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Cobalt and Sorainen Advise on Practica Capital's Investment in Oxipit

Cobalt and Sorainen Advise on Practica Capital's Investment in Oxipit

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Cobalt has advised Practica Capital on its investment in startup Oxipit. The EUR 1.5 million seed round was co-led by Practica Capital, Koinvesticinis Fondas and various business angels. Sorainen advised Oxipit on the deal.

According to Cobalt, Oxipit is a Lithuanian computer vision software startup specialized in medical imaging that has "created the CE certified multi-award-winning ChestEye radiology imaging suite." Practica Capital invests in Baltic innovation and technology-driven ventures. Koinvesticinis Fondas is a venture capital co-investment fund that invests in early-stage companies. 

The Cobalt team included Partner Elijus Burgis and Associate Julija Timoscenko.

Sorainen's team included Partner Mantas Petkevicius, Senior Associate Vytautas Sabalys, and Associate Laura Matuizaite

Lithuanian 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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