COBALT advised Rubylight on follow-on investment in Berlin-based social newsfeed app Jodel

Adam di Angelo (Facebook’s first CTO and founder of Quora) and Floodgate Fund with follow-on investments from Rubylight, Global Founders Network and Atlantic Internet closed a EUR 6 million investment round in Berlin-based social newsfeed app Jodel.

Jodel is an online community providing real-time updates on what is happening in the area around the user. Users may post anonymously via iOS or Android app without sign-up or user profile. By up and down voting users get to decide which posts get more attention.

Rubylight was advised by partner Kristel Raidla-Talur and associate Greete-Kristiine Kuru throughout the whole transaction. German law firm Heuking Kühn Lüer Wojtek was engaged for covering local law aspects of the transaction.

COBALT has also advised Rubylight on all of its previous investments in Jodel. With the new investment round, Jodel wants to keep growing and move into the US market.

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