Investments that grow ambitious Estonian companies

With a local focus and a global vision, SmartCap cultivates a venture capital market that nurtures Estonian innovation.

117

portfolio companies

€1.32B

revenue created

3200

jobs created

€70M

of tax income

SmartCap Funds

VC Fund

SmartCap Venture Capital Fund: modernising Estonia’s economy.

Through our Venture Capital Fund, we develop the local capital market and grow innovative Estonian companies.

SmartCap Venture Capital Fund invests in VC funds that focus on Estonia, or have a meaningful value-add to the Estonian venture capital ecosystem. In either case, it’s important to us that they contribute to local capital market development.

Fund size

Net value ~€168 million Invested primarily through private venture capital funds

Investment focus

VC funds investing in startups from pre-seed to scale-up stage

Investment period

Evergreen

Green Fund

SmartCap Green Fund: powering the future of sustainable innovation.

Our Green Fund has a mission of supercharging the supply of venture capital to Greentech companies. This fund serves as a fund-of-funds and as a direct investor in innovative — and often research-intensive — green technology companies.

The fund’s primary objective? Backing early-stage, Estonian, Greentech innovators with high growth potential. Think companies in energy, agriculture, food, transport, logistics, materials, chemicals, and the environment.

Fund goal

Increase the amount of financial capital available to Greentech companies

Fund size

€100 million Invested through private VC funds

Investment focus

Seed stage * Early stage * Growth stage

Investment period

2022-2026

Outcome

Easily accessible equity funding for Estonian Greentech companies.

SmartCap’s strategy aligns with “Estonia 2035” goals and supports the environmental objectives in Article 9 of the Taxonomy Regulation.

[Investments for Funds] [Investments for Companies]

Investment strategy

  • Why we invest?

    We aim to be a committed partner for private fund managers to develop Estonian venture capital market and modernise Estonian economy.

  • Where we invest?

    We invest into both generalist and industry specific venture capital funds with a strong focus towards Estonian innovative early-stage research and technology-intensive enterprises with strong international growth potential.

  • How we invest?

    We make cornerstone investments into venture capital funds hand-in-hand and on equal terms with private investors.

Steps towards investment

  • 1
    SmartCap publishes a Call for Expressions of Interest. The Call offers investment solutions that are currently not available on the market or focusing on identified market deficiencies. As a cornerstone investor we lower the entry barrier to the venture capital market for private investors.
  • 2
    Private fund manager is selected at the Call to establish a new fund. Fund manager is selected based on their investment proposal, team profile and competences. Our investment decisions are made on market terms and based on market needs.
  • 3
    Newly established fund makes direct investments into underlying companies. The new fund will be making investment decisions independently based on the Call's objective and the fund's investment strategy.

Testpealkiri: Two Column

  • Alampealkiri

    Through our Venture Capital Fund, we develop the local capital market and grow innovative Estonian companies. SmartCap Venture Capital Fund invests in VC funds that focus on Estonia, or have a meaningful value-add to the Estonian venture capital ecosystem. In either case, it’s important to us that they contribute to local capital market development.

  • Alampealkiri 2

    Through our Venture Capital Fund, we develop the local capital market and grow innovative Estonian companies. SmartCap Venture Capital Fund invests in VC funds that focus on Estonia, or have a meaningful value-add to the Estonian venture capital ecosystem. In either case, it’s important to us that they contribute to local capital market development.

Columned content

Through our Venture Capital Fund, we develop the local capital market and grow innovative Estonian companies.

SmartCap Venture Capital Fund invests in VC funds that focus on Estonia, or have a meaningful value-add to the Estonian venture capital ecosystem. In either case, it’s important to us that they contribute to local capital market development.

More here

Pealkiri h2 Chess

Through our Venture Capital Fund, we develop the local capital market and grow innovative Estonian companies.

SmartCap Venture Capital Fund invests in VC funds that focus on Estonia, or have a meaningful value-add to the Estonian venture capital ecosystem. In either case, it’s important to us that they contribute to local capital market development.

More here

Pealkiri h3 Chess

Through our Venture Capital Fund, we develop the local capital market and grow innovative Estonian companies.

SmartCap Venture Capital Fund invests in VC funds that focus on Estonia, or have a meaningful value-add to the Estonian venture capital ecosystem. In either case, it’s important to us that they contribute to local capital market development.

More here