Cobalt has advised Change Ventures on leading a EUR 2 million investment round in Formaloo. Other investors included Hyde Park Venture Partners, Mana Ventures, and Startup Wise Guys.
Formaloo is an Estonian-based company founded in 2020. The company provides a collaborative platform for teams to build business applications. According to Cobalt, “with the raised investment, Formaloo will become a workspace hub that allows business users to access their tools on a single platform and create any kind of applications they want in a matter of minutes, not months.”
The Cobalt team included Partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, and Associate Johanna Lumiste.
Cobalt did not respond to our inquiry on the matter.
