Karma Ventures leads Pactum AI’s $20 million Series B round

Karma Ventures led Silicon Valley-based Pactum AI’s $20 million Series B funding round. Other investors in this round included 3VC, Atomico, Project A, Superangel, PortfoLion and Maersk.

Pactum AI develops an AI-based system for autonomous negotiations. Over the past half-decade, Pactum AI has streamlined thousands of supplier deals for Fortune 500 companies.

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

COBALT advised Karma Ventures throughout the entire transaction. The team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, Senior Associate Kerli Salu and Assistant Lawyer Paul Schifrin.