COBALT advised venture capital fund Element Ventures on a seed equity investment in Wert

COBALT advised venture capital fund Element Ventures on a seed equity investment in SHA2 Group OÜ (a group of companies doing business under the name “Wert”). Tagus Capital, Element Ventures, VR Ventures, Digital Horizon, JDAC, and Tezos Foundation participated in the round in which Wert raised $5 million. The new funds will be used to expand geographic coverage and to continue building innovative financial infrastructure solutions for Web3 startups.

Element Ventures is a B2B fintech-focused venture capital fund based in London, that is concentrated on supporting the founders who are transforming tomorrow´s financial technology.

Wert is an Estonian-based start-up, that uses embedded finance technology in order to simplify purchasing of NFTs and other DeFi products.

Our assistance included reviewing the transaction documents and providing general legal advice to the client regarding all Estonian law aspects. The team included Partner Kristel Raidla-Talur and Senior Associate Marten Amjärv.

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