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.