What does SmartCap invest in?
SmartCap invests most often at Series A and Seed (71% of the rounds on record), in sectors such as Venture Capital, Green Technology and Defence.

Estonia · Investor
Last cheque observed Aug 2026; 7 cheques on record.
Deploying nowVC firm
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2 cheques in the last 12 months
Mostly Series A and Seed: 71% of its rounds
Sole investor in 1 rounds, median $310K
SmartCap provides cornerstone investments for private fund managers to create a vital venture capital market in Estonia and enable ambitious and innovative Estonian companies to emerge and grow globally.From their own website
Every round we can evidence, newest first7 appearances
2 rounds
3 rounds
1 round
1 round
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
We hold 12 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
Funds they back
Every fund on record that it has committed money to, and the managers who invest it.Source: fund news.
Managers it backs most
Most recent commitments
From their own portfolio page (on their website)
BislyCuploopElcogenFarsight VisionFractoryFrankenburg TechnologiesGridioKraken Technology GroupPaul-TechPlural Fund IISkeleton TechnologiesSkySelectStargate HydrogenStarship TechnologiesUP CatalystVok BikeseAgronom2C Ventures Fund IAntler Nordic Fund IIBaltic Innovation Fund 3DTCP Defence Fund IDarkstar Ventures Fund IFuseboxNATO Innovation FundNSI Nordic Science INorrsken Evolve Fund IIPowerUP Energy TechnologiesSiena Secondary Fund IISuperangel TwoTaaleri SolarWind IIITera Ventures IWise Guys Investment OÜÄIO
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
The investors most often in the same rounds as SmartCap. A count of rooms they were both in, not a relationship either has claimed.
The latest companies SmartCap put money into.
SmartCap invests most often at Series A and Seed (71% of the rounds on record), in sectors such as Venture Capital, Green Technology and Defence.
7 investments on record, 2 of them in the last 12 months. The most recent was in Aug 2026.
Its most recent investments on record: Kraken Technology (Series B, Aug 2026) and Frankenburg Technologies (Series A, Feb 2026).
The median round it joins is $105M.
Rarely, if at all: none of its 7 investments on record names it as the lead.
Most of the companies it backs are in Estonia (57%) and the United Kingdom (43%).
Yes: it is actively investing, with 2 investments in the last 12 months.
Most often Entrepreneurs Fund (2 rounds together).
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it