Government
Estonia
In The News Oct 2026

SmartCap

Check Size
€2M – €20M

Investment Focus

Investment Stages

Geographic Focus

Estonia
Baltics
Europe

Investment Thesis

SmartCap is Estonia's state-owned fund manager operating as fund-of-funds and direct investor. Dedicated Green (EUR100M) and Defence (EUR100M) funds.

How to Pitch SmartCap

No Stated Policy
SmartCap hasn't published an outreach policy. A short, specific cold email is the safest default.
Source

Portfolio Highlights

Elcogen - solid oxide fuel cell and electrolyser technology
Vok Bikes - electric cargo bikes for sustainable last-mile delivery
eAgronom - carbon farming and crop management software

Focus and check size from the firm's website. Website reachable as of Aug 2026.

Ready to Reach SmartCap?

A fit check scores your pitch against their thesis, stage and ticket. An email draft uses their real deals and thesis, not a template.