Who we are
SmartCap is a small fund manager operating under an activity licence issued by the Estonian Financial Supervision Authority. SmartCap’s mission is to drive the development and growth of Estonian venture capital market by being a committed cornerstone investor in venture capital funds, addressing identified market gaps and investing through different economic cycles.
SmartCap manages a common closed-end alternative investment fund Early Fund II that operates as a venture capital fund-of-funds according to its strategy. SmartCap in the national partner for Estonian state in venture capital investments, with long-term view and commitment as a cornerstone investor. Early Fund II assets are invested in Estonian venture capital funds that invest together with other private investors in early-stage research and technology-intensive micro, small and medium-sized enterprises with strong international growth potential, which are located mainly in Estonia.
By the end of 2020, SmartCap venture capital fund Early Fund II net value was 69,4 million euros. As of the year end 2020, SmartCap portfolio funds and direct investments had reached a total of 100 companies and the sales of portfolio companies were 400 million euros. Portfolio companies had nearly 1750 employees on payroll and generated almost 29 million euros of tax revenue. Read more about SmartCap portfolio.
From 2021, SmartCap is the second implementer of the Startup Estonia programme and will organise the activities under research accelerator.
Read more: www.smartcap.ee