Cobalt has advised venture capital fund Change Ventures on leading a EUR 2 million seed round into Estonia-based green tech start-up Cloud Factory.
The round included Superhero Capital and angel investors.
Change Ventures is a Baltic venture capital fund that specializes in early-stage investments.
According to Cobalt, “Cloud Factory was founded in 2018 and uses only natural and sustainable materials and 100% recycled precious metals in the process of making 3D-printed jewelry. The company will use the investment to increase its manufacturing capacities and further develop its online platform for product creation and effortless order management integrations, in order to meet the demand and needs of the new era of celebrities and brands.”
Cobalt’s team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, and Associate Johanna Lumiste.