SmartCap

SmartCap is an Estonian investment firm based in Tallinn, established in 2012 as an investment arm of KredEx. It specializes in early-stage venture capital investments, primarily targeting venture capital funds that focus on Estonia. With total assets under management amounting to EUR 40 million, SmartCap seeks to build strategic partnerships with leading venture capital fund managers in the region. The firm aims to validate, accelerate, and finance exceptional companies through its investments in private fund management teams.

Robert Martin

Investment Manager

Sille Pettai

Fund Manager

Past deals in Baltics

Bisly

Series A in 2024
Bisly is an Estonian startup focused on creating intelligent building solutions that enhance energy management. The company has developed an automated system that optimizes energy consumption by managing heating, ventilation, air conditioning, and security systems. This technology not only provides users with detailed insights into their energy usage but also enables significant energy savings, contributing to more sustainable energy management practices. By integrating these systems, Bisly aims to improve building efficiency while making energy management more accessible and cost-effective.

Bisly

Venture Round in 2023
Bisly is an Estonian startup focused on creating intelligent building solutions that enhance energy management. The company has developed an automated system that optimizes energy consumption by managing heating, ventilation, air conditioning, and security systems. This technology not only provides users with detailed insights into their energy usage but also enables significant energy savings, contributing to more sustainable energy management practices. By integrating these systems, Bisly aims to improve building efficiency while making energy management more accessible and cost-effective.

Vok Bikes

Seed Round in 2023
Vok Bikes build heavy duty cargo bikes and rent them out to on demand delivery companies ,their couriers no surprises,no extra fees. They are Currently active in Tallinn, Vilnius, and London.

Defendec

Seed Round in 2012
Defendec Inc. is a technology company specializing in wireless monitoring systems designed for remote area surveillance. Established in 2007 and based in Tallinn, Estonia, with additional offices in Helsinki, Washington, D.C., and Singapore, Defendec focuses on green perimeter monitoring through its flagship product, Smartdec. This advanced surveillance system utilizes battery-powered intelligent wireless sensors to detect intrusions, analyze data, and provide visual confirmation of alarms. Smartdec is particularly valued for its effectiveness in securing the external borders of NATO and the European Union, aiding in the prevention of international smuggling, illegal trafficking, and acts of sabotage. Its innovative technology is deployed across various sectors, including defense, infrastructure, and oil and gas, ensuring the protection of critical assets and enabling organizations to minimize risks with minimal training requirements.
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