Cobalt has advised British venture capital fund Piton Capital on investing in Lithuanian car parts trading start-up Ovoko. Noor reportedly advised Ovoko on the investment.
According to Cobalt, “founded by Lithuanians Justinas Baranovskis and Oleg Lopeta, Ovoko is a start-up which conducts electronic trade in car parts. Also known as RRR.lt in Lithuania, it includes an electronic database of auto parts and a system for business management, warehousing, and international sales that allows traders to optimize work processes and communicate promptly with the world's most important partners and customers.”
According to the firm, “the start-up raised a total of EUR 14 million of investment.”
Cobalt’s team included Partner Eva Suduiko and Senior Associate Lina Aleknaite-van der Molen.
