Karista invests in 10Lines

Venture capital firm Karista participated in the 1.5 million euro investment round of Estonian startup 10Lines.

With the received investment, 10Lines plans to expand its presence in the American market. The investment round was led by Karista and Tera Ventures, other investors included Butterfly Ventures and Mike Oliinyk (Ex Uber, Wise, Wolt).

Karista, a venture capital firm founded in 2001, has invested in more than 100 companies. 10Lines is a company that has developed technology for pavement marking, enabling operators to replace the existing manual process with an automated solution.

COBALT advised Karista throughout the transaction. Our team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru and Assistant Lawyer Marit Raatma.