Investments into venture capital funds to boost innovative Estonian companies

SmartCap aims to create a vital venture capital market and enable ambitious and innovative Estonian companies to emerge and grow globally

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117

companies invested in

1.32B

euros of revenue created

3200

jobs resulted

70M

euros of tax income

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.

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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.
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News

SmartCap’s milestones 2022: launch of the Green Fund and yet another turnover record for the portfolio companies of the Venture Capital Fund 

Last year, the most significant milestones for SmartCap, a fund management company owned by the Republic of Estonia, were the starting of investment activities of the Green Fund which has by now announced its first investments, and the combined turnover of all the start-ups in the investment portfolio of the Venture Capital Fund reaching 1.32 billion euros.   
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