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.

Fund goal

Increase the amount of financial capital available to Greentech companies

Fund size

Fund size is €100M, invested through private venture capital funds and by direct investments into green technology companies

Investment focus

Seed stage • Early stage • Growth stage

Investment period

2022 - 2026

Outcome

Better access to equity funding for Estonian Greentech companies

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

Investments for Funds

 

Investments for Companies