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.