COBALT advised Change Ventures on investing in 99math

Estonian educational startup 99math received a 500,000-euro investment. COBALT advised Change Ventures who led the round.

Change Ventures is a seed-stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

99math, founded in 2018, is an Estonian educational startup that aims to get children interested in mathematics through game psychology. They run eSports-style competitions for math students and during the first year already 30,000 students from 20 countries around the world participate in their eSports-style math league. The investment will be used to accelerate the company’s growth.

The client was advised by partner Kristel Raidla-Talur and senior associate Greete-Kristiine Kuru.

More information can be found here.