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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?

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
UP Catalyst

Tallinn, Harjumaa, Estonia

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

Nanotechnology
SeedDec 4, 2023
Amount Raised: $4,335,010