SmartCap acts as self-sustainable state-owned fund manager.
SmartCap manages two common closed-end alternative funds (SmartCap Venture Capital Fund and SmartCap Green Fund). The sole unitholder of SmartCap funds is the Republic of Estonia.
The objective of SmartCap is to develop the capital market of Estonia by offering venture capital investments and enable therethrough ambitious and innovative Estonian companies to grow. SmartCap contributes to the economic growth and development of capital market of Estonia:
- being an anchor investor in venture capital funds with a long-term strategic;
- investing in all economic cycles;
- focusing on market gaps in different growth phases and verticals, providing missing investment opportunities.