COBALT advised venture capital fund Change Ventures on investment in startup Kwota

COBALT advised venture capital fund Change Ventures on investment in Estonian cleantech startup Kwota. The 1.5-million-euro round was led by Change Ventures.

Change Ventures is one of the largest venture capital funds in the Baltics that specialises in early-stage investments.
Founded in 2021, Kwota aims to establish a global standard that will validate and trade carbon emissions savings from using recycled materials in production.

„We have a clear vision on how to achieve the global change in the material industry. We drive the global disruption for the material manufacturing industry by bringing more money to those who use recycled materials in their production,“ commented founder and CEO Rain Vääna.

Our work comprised advising the client during the whole transaction. The client was advised by Specialist Counsel Greete-Kristiine Kuru, Partner Kristel Raidla-Talur, Associate Johanna Lumiste and Assistant Lawyer Marit Raatma.

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