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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.

On May 9, 2023, SmartCap published an updated version of the Greentech Investment Programme (GTIP).

Every company that is just starting or already taking its first steps – both start-ups focused on new technologies and services as well as the entire business sector in general – should consider two aspects of the environmental impact related to their activities, writes Markus Jakobsoo, Head of Legal and Compliance from SmartCap.

In 2022, the forecasts called for cloudy skies while investors and start-ups started feeling headwinds – market conditions were globally becoming unstable. The decrease in investment courage due to the cooling of economies, the rise in prices and the increase in the cost of capital, as well as the layoffs of technology giants, have of course also provided more reasons for this.

The exceptionally opportune times of the past decade in the economy, finance and venture capital world have been replaced by uncertainty, expensive money and investor caution.

On March 2nd the government authorised the Minister of Entrepreneurship and Information Technology to invest 30 million euros in NATO’s billion-euro Innovation Fund through the national fund management company SmartCap.