COBALT advised Passion Capital on $ 1.7 million investment round in Remato

COBALT advised the early-stage investment fund Passion Capital on its investment into the Estonian-based construction management platform Remato. The round was led by Passion Capital and participated by other well-known co-investors, such as Superangel, Lemonade Stand, and Spring Capital.

Remato is a 2018 founded platform that allows field contractors to plan and manage budgets, labor, materials, and equipment on one app. According to their CEO Madis Lehtmets, the construction industry needs simplicity and modern design to adopt the software. They believe that user experience should be more of a priority, as frontline adoption depends on it. Their product helps the traditional and low-tech industry to go fully digital.

Our work comprised advising the client during the whole transaction. The client was advised by the project lead Senior Associate Sven Böttcher and Partner Kristel Raidla-Talur.