COBALT advised Practica Capital, a group of venture capital companies, on the establishment of business accelerator Startup.lt, which will help start-ups implement viable business ideas and will advise them on business development opportunities abroad.
Startup.lt accelerator works in cooperation with all Lithuanian advisers providing consultancy services to young entrepreneurs: Versli Lietuva, StartupSpace business accelerator of Kaunas University of Technology, business accelerator StartupHighway, mobile applications production lab App Camp and other risk venture capital funds and business angels. This community of start-ups unites professionals from various fields and is unique in the Baltic region.
COBALT lawyers were responsible for drafting of constituent documents and provided continuous assistance to the client in all related matters. The team was led by COBALT Managing Associate Akvilė Bosaitė.