Market consultation of a new deep tech fund

SmartCap invites potential deep tech fund managers to review and submit comments on the draft Main Terms of the new fund and draft requirements of the Business Plan.

SmartCap is intending to launch a Call for Expression of Interest to select a private fund manager for establishing and managing a new deep tech investment fund, to which Early Fund II, a venture capital fund-of-funds managed by SmartCap would make a cornerstone investment in the amount of € 15 million.

Prior to launching the Call, SmartCap invites potential deep tech fund managers to review and submit comments on the draft Main Terms of the new fund and draft requirements of the Business Plan to be submitted by applicants together with Expressions of Interest at the Call. Drafts of the documents can be found below. The final Call including the Main Terms and the Business Plan requirements may differ in part or in whole to this draft version published for market consultation.

All comments regarding the Main Terms or the Business Plan requirements should be sent no later than 23 November 2020 in English via e-mail to with a subject line “Deep Tech Fund 2020/12 – Market Consultation”.

Find the full Market Consultation document here

Find the Market Consultation presentation here

The Call will be launched at the end of December. The decision regarding the successful applicant will be made in the second quarter of 2021.

Contact information
Karl Järvsalu