COBALT advised one of the leading European venture capital funds Redalpine Capital on investment in Byte Trading

COBALT advised one of the leading European venture capital funds Redalpine Capital on a seed equity investment in Byte Trading. The 7 million dollar investment round was led by Redalpine and was joined by Possible Ventures, L1D Blockchain Venture, Dogan Online Limited, Fahning Ventures, Courage Companies, and Aksakal Ventures.

Readalpine is a Switzerland-based early-stage venture capital fund, that invests in disruptive technologies with a focus on highly-scalable ICT and Health Tech models.

Byte Trading is a start-up active in the field of algorithmic market making in digital assets.

According to Byte Trading co-founder Dominic Vacikar, with this equity funding round they are expanding their team, integrating more exchanges, and growing their assets under management by 50 times within this year.

Our work comprised advising the client during the whole transaction. COBALT team was led by Partner Kristel Raidla-Talur and included Senior Associate Marten Amjärv, and Associate Johanna Lumiste.

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