News

SmartCap updated the investment strategy and investment process of its Venture Capital Fund, offering fund managers the opportunity to raise capital from the Venture Capital Fund, including for anchor investment.

Bisly, the startup that is making it economically feasible to turn any building into an energy-efficient building, has closed a €3.6 million round of fundraising. The round was led by Aconterra with support from Second Century Ventures and REACH UK, SmartCap Green Fund, and Pinorena Capital, as well as several angel investors.

Paul-Tech, an Estonian startup specializing in precision agriculture, has raised €1.4 million in a seed round. The funds will be used to expand into the UK market and advance the product offering. The round was led by Estonian fund Superangel, with participation from SmartCap, Honey Badger Capital, the Estonian Business Angels Network (EstBAN), Tatoli AS, Overkill VC and business angels from Sweden.

The greentech company Cuploop which develops the technology for the circulation of reusable packaging, raised two million euros from investors, among which were SmartCap Green Fund, the Danish impact investment fund Footprint Firm and Estonian business angels.

In June, SmartCap joined Green Tiger – a network of companies contributing to achieving the green transition.

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.   

This is an exciting opportunity for professional growth where you’ll coordinate office work, serve committees, and manage document processes.

SmartCap has backed first startups from Green Fund direct investment program by investing in Vok Bikes and eAgronom. Vok Bikes raised a total of 3,8 million euros and eAgronom 5 million euros, as both companies contribute to solving environmental problems through their innovative technologies.

We’re looking for a passionate Compliance and Risk Manager who will be responsible for taking ownership of the compliance control function in all business activities at SmartCap.

The Responsible Business Forum Estonia has recognised SmartCap for its activities in the field of sustainability with the Silver Level. This is Estonia’s most prestigious recognition for companies awarded for their activities in the field of sustainability and social responsibility.

On May 16, 2023, SmartCap updated the eligibility criteria Greentech Investment Programme (GTIP). According to the updated criteria, an applicant’s investors may not be with Russian or Belarussian background.

By the end of the first quarter, SmartCap has selected two of the strongest private fund management candidates to manage green technology venture capital funds, and it is expected that agreements will be concluded in the second half of this year after additional due diligence process and negotiations of the investment terms.