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SmartCap

Europe, Harjumaa, Estonia, Tallinn

Description

SmartCap is a government held fund of funds seeking to invest in private fund management teams.

Investor Profile

SmartCap has backed more than 14 startups, with 6 new investments in the last 12 months alone. The firm has led 4 rounds, about 29% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Estonia.
  • Strong thematic focus on Software, CleanTech, GreenTech.
  • Led 2 rounds in the past year.

Stage Focus

  • Series A (36%)
  • Seed (36%)
  • Series Unknown (21%)
  • Convertible Note (7%)

Country Focus

  • Estonia (100%)

Industry Focus

  • Software
  • Cleantech
  • Greentech
  • Energy
  • Information Technology
  • Saas
  • Nanotechnology
  • Agriculture
  • Agtech
  • Farming
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does SmartCap frequently co-invest with?

Entrepreneurs Fund
Europe, England, United Kingdom, London
Co-Investments: 1
Sunly
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 2
RU
Europe, England, United Kingdom, London
Co-Investments: 1
ICOS Capital Management
Europe, Zuid-Holland, The Netherlands, Rotterdam
Co-Investments: 2
FH
North America, California, United States, San Francisco
Co-Investments: 1
Aconterra
Europe, Antwerpen, Belgium, Antwerp
Co-Investments: 2
Conor Venture Partners
Europe, Southern Finland, Finland, Espoo
Co-Investments: 1
Tera Ventures
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 1
Soulmates Ventures
Europe, Hlavni mesto Praha, Czech Republic, Prague
Co-Investments: 3
PC
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 2

Which angels does SmartCap often collaborate with?

Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by SmartCap?

Bisly

Tallinn, Harjumaa, Estonia

Bisly is an Estonian startup developing intelligent building solutions.

Information TechnologySaaSSoftware
Series UnknownAug 6, 2025
Amount Raised: $4,977,560
Vok Bikes

Tallinn, Harjumaa, Estonia

Heavy duty cargo bikes provides on demand delivery companies.

Last Mile TransportationRental
Series AJul 2, 2025
Amount Raised: $5,900,297
Stargate Hydrogen

Tallinn, Harjumaa, Estonia

Stargate Hydrogen Solutions offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy.

GreenTechRenewable Energy
Series AMar 3, 2025
Amount Raised: $11,534,110
Gridio

Tallinn, Harjumaa, Estonia

Gridio is a smart electric vehicle charging platform, integrating with all key brands of electric cars, solar inverters and batteries (soon)

AutomotiveCharging InfrastructureCleanTechEnergySoftware
SeedJan 27, 2025
Amount Raised: $2,525,029
Fusebox Energy

Tallinn, Harjumaa, Estonia

Fusebox develops an energy management platform that integrates and optimizes distributed power resources.

EnergyEnergy ManagementEnergy StorageSmart Cities
Series UnknownJan 20, 2025
Amount Raised: $2,708,663
Elcogen

Tallinn, Harjumaa, Estonia

Elcogen is a manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity.

Clean EnergyCleanTechEnergyEnvironmental EngineeringFuel CellManufacturingRenewable Energy
Series UnknownJan 16, 2025
Amount Raised: $6,117,405
ÄIO

Tallinn, Harjumaa, Estonia

ÄIO develops sustainable alternatives to animal fats, palm and coconut oil.

Animal FeedBiotechnologyCosmeticsFood and Beverage
Series ASep 24, 2024
Amount Raised: $6,826,573
UP Catalyst

Tallinn, Harjumaa, Estonia

UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.

Nanotechnology
SeedAug 21, 2024
Amount Raised: $2,360,000
eAgronom

Tartu, Tartumaa, Estonia

Accelerating transition to sustainable farming via carbon credits and AI Consulting

AgricultureAgTechCleanTechFarmingGreenTechSoftwareSustainability
Series AJul 2, 2024
Amount Raised: $10,720,527
Bisly

Tallinn, Harjumaa, Estonia

Bisly is an Estonian startup developing intelligent building solutions.

Information TechnologySaaSSoftware
Series AJun 19, 2024
Amount Raised: $6,658,190