SmartCap makes venture capital fund investments through SmartCap Venture Capital Fund and SmartCap Green Fund that have strong Estonian focus.

We look for competent, experienced and sustainable private fund managers, who act in accordance with the best industry standards and market practices.

SmartCap Green Fund 

SmartCap Green Fund is EUR 100 million specialized fund focusing on investments into green technology startups, both directly and indirectly through venture capital funds. SmartCap Green Fund is is financed by the European Union NextGenerationEU Recovery and Resilience Facility funds and has an investment period until 2026. During the first stage of SmartCap Green Fund investment period, SmartCap is planning to make

  • up to two EUR 20 million cornerstone investments in venture capital funds focused on green technology startups via an open Call announced in 2022, and
  • direct investment in Estonian green technology startups for EUR 20 million.

SmartCap Venture Capital Fund

SmartCap Venture Capital Fund makes investments into venture capital funds with Estonian focus, or that have a meaningful value-add to Estonian venture capital ecosystem and contribute to local capital market development. Fund managers seeking to learn more about SmartCap Venture Capital Fund investments can use the following link. The existing investment portfolio of SmartCap Venture Capital Fund can be found here.