SmartCap
Overview
SmartCap is a government-held fund of funds seeking to invest in private fund management teams. SmartCap manages early stage venture capital fund Early Fund II. Total assets under management are EUR 40 million. Based on present investment strategy, we are making new investments into early-stage venture capital funds. In line with investments, we build meaningful partnerships with the best venture capital fund managers in the region to validate, accelerate, and finance outstanding companies. SmartCap is an investment arm of Fund KredEx.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Starship Technologies | Oct 2025 | Series C | Co-investor |
| Frankenburg Technologies | Feb 2026 | Series A | Co-investor |
| Skeleton Technologies | May 2026 | Series F | Co-investor |
| Kraken Technology Group | Jul 2026 | Series B | Co-investor |
| Lingvist | Nov 2015 | Series A | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is SmartCap based?
SmartCap is headquartered in Tallinn, Harju County, Estonia.
When was SmartCap founded?
SmartCap was founded in 2011.
How many portfolio companies does SmartCap have?
SmartCap has 23 portfolio companies in Caplight's dataset.
What are some companies in SmartCap's portfolio?
Portfolio companies visible on Caplight include Starship Technologies, Frankenburg Technologies, Skeleton Technologies, Kraken Technology Group, Lingvist.
What was SmartCap's most recent investment shown here?
SmartCap's most recent investment in this portfolio sample was in Kraken Technology Group in 2026.
What sectors does SmartCap focus on?
SmartCap focuses on Frontier & Industrial Tech, FinTech, Energy & Sustainability, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Energy & Sustainability, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Energy & Sustainability, Energy & Sustainability, Energy & Sustainability, Consumer & Commerce, Energy & Sustainability, Enterprise Software, Energy & Sustainability, AI, Data & Cloud Infrastructure, Energy & Sustainability, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Real Estate & PropTech, Healthcare & Life Sciences, Energy & Sustainability, Energy & Sustainability, Mobility, Transportation & Logistics, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Enterprise Software, Cybersecurity, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, Frontier & Industrial Tech, Frontier & Industrial Tech, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Consumer & Commerce.
What company stages does SmartCap focus on?
SmartCap typically invests at the Early stage.
What is SmartCap's AUM?
SmartCap's assets under management are estimated between $250.0M and $500.0M.