Karma Ventures invests in the Estonian cybersecurity startup Patchstack leading the USD 5 million Series A investment round

COBALT advised venture capital fund Karma Ventures, who invested in and led the Series A investment round of Estonian cybersecurity startup Patchstack. Patchstack raised USD 5 million from investors. In addition to Karma Ventures, G+D Ventures, a German TrustTech investor, and Emilia Capital, the investment firm of Yoast founders Marieke van de Rakt and Joost de Valk, participated in the investment round.

Patchstack is an Estonian-based cybersecurity company that enables digital agencies and web developers to monitor and protect websites and applications from third-party code vulnerabilities. Patchstack helps developers to quickly identify, prioritize and auto-mitigate new vulnerabilities and provides the fastest protection in real-time.

Karma Ventures is a venture capital fund specialising in late-stage seed and A round investments in promising and high-potential technology start-ups.

COBALT advised Karma Ventures throughout the entire transaction, the team included Partner Kristel Raidla-Talur, Managing Associate Greete-Kristiine Kuru and Assistant Lawyer Paul Schifrin.