Investments that grow ambitious Estonian companies

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

117

portfolio companies

€1.32B

revenue created

3200

jobs created

€70M

of tax income

SmartCap Funds

SmartCap Venture Capital Fund: modernising Estonia’s economy

Through our Venture Capital Fund, we strengthen 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 ~€176 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

SmartCap Green Fund: powering the future of sustainable innovation

This fund operates both 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 of companies in energy, agriculture, food, transport, logistics, materials, chemicals, and the environment.