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Stratulat Albulescu and Cobalt Advise on Druid's USD 15 Million Series A

Stratulat Albulescu and Cobalt Advise on Druid's USD 15 Million Series A

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Stratulat Albulescu has advised Al start-up Druid on its USD 15 million series A financing round led by Karma Ventures and Hoxton Ventures. Cobalt advised Karma Ventures. Orrick Herrington & Sutcliffe reportedly advised Druid as well. Hoxton was reportedly advised by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.

According to Cobalt, the lead investors were "joined by GapMinder and four other investors from Germany, Switzerland, Poland, and Romania."

"The new funding will be used to accelerate the company's international expansion and footprint by actively hiring new talent and increasing platform versatility," Stratulat Albulescu informed.

Founded in 2018, Druid is a Romanian start-up that offers a no-code enterprise conversational Al platform.

Karma Ventures is a venture capital firm that specializes in late seed and A-round investments in Europe’s technology start-ups.

The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat and included Senior Associate Vlad Sandulescu and Associates Roxana Ioncu and Adina Popescu.

The Cobalt team included Partner Kristel Raidla-Talur, Counsel Greete-Kristiine Kuru, Associate Johanna Lumiste, and Assistant Lawyer Marit Raatma.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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