WHO WE ARE
SmartCap is a KredEx subsidiary and the manager of the state venture capital fund Early Fund II
The SmartCap-managed Early Fund II operates as a fund of funds and invests into Estonian venture capital funds, which in turn, together with private investors, invest into early-phase Estonian technology companies with high international growth potential.
The sole unitholder in Early Fund II is the Republic of Estonia.
SmartCap’s mission is, in cooperation with private sector professional fund managers, to create a vital venture capital ecosystem and fertile ground for development in Estonia. Together with the finest risk capital fund managers and experts in Northern Europe, we do our part to actively contribute to development of the capital market and, through supplying capstone investment, the rise of new fund management companies.
Estonian venture capital funds in which SmartCap has a holding help early-phase companies raise capital, investing together with private investors. They support the success of start-ups, offering multifaceted support and professional advice.
In carrying out our investment strategy, we rely on experienced fund managers in the venture capital sector who have an interest, the experience, and the capability to invest capital into early-phase technology companies.
SmartCap’s role is to ensure the best seed and growth-funding opportunities. The state-driven fund of funds model promotes development of the venture capital market. Through the making of capstone investments into private fund managers, barriers to entering the venture capital market are lowered for private investors.
SmartCap invests into other venture capital funds together with private investors. In doing so, we organize open tenders to attract professionals with a solid business background whose experiences, business networks and institutional capacity support success in the field of venture capital.