Venture Capital Fund

Goal

To increase the amount of financial capital available for Estonian ICT sector startups.

Fund size

Fund's net value is close to 70 million euros, invested through private venture capital funds.

Investment focus

from seed to early-growth stage

Investment period

Evergreen

Outcome

Equity funding is easily accessible for early stage startups.

The assets of SmartCap Venture Capital Fund are invested into Estonian-focused venture capital funds that develop innovative Estonian companies with international growth potential or international venture capital funds which contribute to the addition of a significant value to the ecosystem of innovative Estonian companies with international growth potential. The aim of such investments is to support changes which help the Estonian economy to adapt and develop the local capital market.

SmartCap VC Fund’s net value is close to 70 million euros. In the portfolio, there are two early stage VC funds from Estonia – Tera Ventures I and Superangel One. The portfolio includes also investments into Startup Wise Guys batches 1-7 and health-tech startup SelfDiagnostics.

 

Our funds

  • Name

    Tera Ventures I

  • Investment year

    2017

  • Fund size / Our commitment

    27,2 million euros

  • Investment period

    Closed

  • Region

    Estonia

  • Stage focus

    Venture capital

  • Industry

    Generalist

  • Portfolio companies

    Total 12 companies, including companies like Cleveron, Monese and RealEyes

  • Management team

    Andrus Oks, Stanislav Ivanov, James McDougall, Eamonn Carey

  • Website

  • Name

    Superangel One

  • Vintage year

    2018

  • Fund size / Our commitment

    15,9 million euros / 4,2 million euros

  • Investment Period

    Closed*

  • Region

    Global with Estonian focus

  • Stage focus

    Accelerator fund

  • Industry

    ICT and tech

  • Portfolio companies

    Total 44 companies, including companies like Bolt, Veriff and Salv

  • Management team

    Rain Rannu, Veljo Otsason, Marek Kiisa

  • Website