SmartCap

SmartCap operates as a fund manager with a mission to develop Estonia's venture capital market, invest throughout economic cycles, and address identified market gaps. They aim to create a strong and modern Estonian economy by investing directly in companies and private funds that align with their mission and investment criteria, focusing on innovative, research, and technology-focused companies from Estonia. SmartCap primarily seeks to invest in companies with global growth potential that have Estonian roots, or that contribute meaningfully to the Estonian venture capital ecosystem. Their investments support changes that help modernize the Estonian economy. The firm invests across three main funds: the SmartCap Venture Capital Fund, the SmartCap Green Fund, and the SmartCap Defence Fund. The SmartCap Venture Capital Fund focuses on strengthening the local capital market and growing innovative Estonian companies by investing in VC funds with an Estonian focus or those that add value to the Estonian VC ecosystem. The SmartCap Green Fund operates as a fund-of-funds and as a direct investor in early-stage Estonian Greentech companies with high growth potential. This fund targets companies in sectors like energy, agriculture, food, transport, logistics, materials, chemicals, and the environment, aligning with Estonia 2035 goals and the environmental objectives in Article 9 of the Taxonomy Regulation. The SmartCap Defence Fund is dedicated to bolstering Estonia's defence industry by supporting the development of innovative technologies and backing high-potential defence producers that contribute to national security. This involves investing in companies that develop or produce military and dual-use products and technologies, as well as private funds focused on defence companies within Estonia or NATO member states, provided they add meaningful value to Estonia’s defence ecosystem. SmartCap also prioritizes responsible investing, integrating ESG considerations into their investment decision-making process to improve long-term performance and competitiveness by reducing ESG risks and creating a positive impact. They actively monitor and evaluate their investments, providing regular reporting to investors throughout the investment lifecycle. The firm acts as a patient investor, seeking exit opportunities once investments achieve their strategic objectives.

Venture capital, greentech, defense, military technology, dual-use technology

Core thematic spaces, technologies, and target market segments of interest.