Karma Ventures invests in the Austrian company HYDROGRID

Karma Ventures invested in and led the Austrian company HYDROGRID’s Series-A investment round. HYDROGRID raised $8.5 million from investors. In addition to Karma Ventures, Inven Capital, CNB Capital and SET Ventures also participated in the investment round.

HYDROGRID is a company who supports hydro operators. This investment will enable HYDROGRID to grow and expand into new markets and enable a successful transition towards a carbon-free future.

Karma Ventures is a venture capital fund specializing in late seed and A-round investments in Europe’s most promising technology startups.

COBALT advised Karma Ventures. The team included Partner Kristel Raidla-Talur, Specialist Councel Greete Kristiine-Kuru, Senior Associate Marten Amjärv and Assistant Lawyer Paul Schifrin.