COBALT advised Practica Seed Capital KŪB, a venture capital fund, in relation to its investment in UAB Adduplex. The fund’s investment will be used to develop the company and improve its current products.
Adduplex is a cross-promotion network for Windows Phone and Windows Store applications enabling to advertise products for free in other mobile applications. The network is currently used in more than 3,000 applications, serving tens of millions ad impressions every day.
COBALT work included legal due diligence, drafting of legal documents, assistance in negotiations and legal advice on the various aspects related to the investment. The team was led by Senior Associate Eva Suduiko.