COBALT advised Salv on raising a €4 million investment

COBALT advised Estonia-based regtech startup Salv on raising 4 million euro investment.

Founded by former key employees of Skype and Wise, Salv is a platform specializing in combating financial crime and providing anti-money laundering functionality. According to Salv it is the “world’s first real-time collaborative crime-fighting platform”, minimising non-compliance and financial crime through its network of companies.

The round was led by ffVC, with participation from German G D Ventures. According to Salv’s CEO Taavi Tamkivi, the funds allow to add further functionality to their modular AML toolset and expand to new markets, helping more companies greatly improve their crime-fighting measures and thereby protect their end-customers.

Salv was advised by our Specialist Counsel Greete-Kristiine Kuru, and Associate Johanna Lumiste.