COBALT advised Respiray’s seed investment round

Respiray, the Tallinn-based startup behind the wearable virus-killing air purifier has successfully closed its seed investment round, raising funds from, among others, Jaan Tallinn, the cofounder of Skype and an early investor in DeepMind. There’s no magic wand against the virus, but a number of endeavours in combination all contribute to the exit from the pandemic.

Respiray has sealed a preliminary agreement with The Estonian Ministry of Education and Research to pilot devices on teachers in the general education system.

COBALT advised Respiray during the entire investment round from term sheet to closing. The client was advised by partner Kristel Raidla-Talur, senior associate Sven Böttcher and assistant lawyer Johanna Lumiste.