SmartCap
VC Fund
Tallinn, Estonia
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,SmartCap build meaningful partnerships with best venture capital fund managers in the region to validate, accelerate and finance outstanding companies. SmartCap is an investment arm of Fund KredEx.
- Total investments:
- 35
- Last investment:
- Lead investor:
- 17%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries SmartCap invests in
Stages SmartCap invests in
Countries SmartCap invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Sille Pettai
|
|||
Investment Focus
Industry
- Software 6 (17%)
- Artificial Intelligence 4 (11%)
- Energy 3 (9%)
- CleanTech 3 (9%)
- AgTech 2 (6%)
Stage
- Series A 9 (26%)
- Seed 8 (23%)
- Funding Round 5 (14%)
- Angel 1 (3%)
- Pre-Seed 1 (3%)
Country
- Estonia 17 (49%)
- United Kingdom 2 (6%)
- United States 1 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Mikko Suonenlahti
Board Director, Shareholder
|
Board Director, Shareholder | Total investments: 4 | Find email | |
|
Sille Pettai
Fund Manager
|
Fund Manager | Total investments: 12 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Kraken Technology Group
|
Kraken Technology Group is a maritime-technology company that designs and builds high-performance platforms for both civilian and defence use. Their services include composite modular manufacturing, powertrain development, and systems integration, often with autonomous capabilities. They also conduct research into advanced materials and structuraltechnologies for marine vessels. Kraken’s engineering team draws on experience from motorsport, defence, and naval operations to deliver scalable and versatile maritime solutions. | $174.5M / Series B / Jul 09, 2026 | |
Skeleton Technologies
|
Skeleton Technologies is a manufacturer and developer of high-energy and high-power-density ultracapacitors based on patented curved graphene material. The company delivers high-power and high-energy storage solutions across the industry.The company's ultracapacitors deliver twice the energy density and four times the power density offeredby other manufacturers. The company's current customer base includes engineering companies, the European Space Agency, and several Tier 1 automotive manufacturers. | $38.7M / Venture - Series Unknown / May 08, 2026 | |
SkySelect
|
SkySelect is an algorithmic purchasing system for $100B aircraft material industry. We are helping the world’s leading airlines to operate efficiently and on-time by enabling maintenance leaders to automate the purchasing and fulfillment of high quality aircraft parts from the world’s leading suppliers. | $9M / Venture - Series Unknown / Mar 12, 2026 | |
Frankenburg Technologies
|
Frankenburg Technologies aims to develop missile systems that are ten times more affordable, a hundred times faster to produce, and in quantities far exceeding current industry capabilities. | $35.4M / Series A / Feb 24, 2026 | |
Farsight Vision
|
FarsightVision is a platform that enables drone pilots and footage users to interact for analytics and situational awareness using 3D models and orthoimages. | $8.5M / Seed / Feb 12, 2026 | |
PowerUp Energy Technologies
|
PowerUp Energy Technologies develops and produces hydrogen fuel cell-based electric generators that deliver clean, quiet, and low-maintenance power. Its product range includes modular generators like the UP400, UP1K, and UP3K, which convert hydrogen and oxygen into electricity with water and heat as the only by-products. These systems are designedfor continuous backup power, off-grid operations, and integrations with battery systems to enhance reliability across sectors such as telecommunications, construction, security, and defence. The company focuses on sustainable energy solutions that replace conventional diesel generators and support long-term energy resilience. | $11.6M / Series A / Nov 25, 2025 | |
Starship Technologies
|
Starship Technologies is a robotics company building fleets of self-driving delivery robots designed to deliver goods locally within 30 minutes. The robots drive autonomously 99% of the time to make safe and environmentally friendly curb-side deliveries from a local hub. They also offering people convenient new services that improve everyday life.Starships Technologies robots are equipped with a sensor suite that includes cameras, GPS, and inertial measurement units. The company's aim is to fundamentally reshape how goods are shipped and delivered, and make local delivery, ultimately, free. It also enables a new era of instant delivery that works around your schedule at much lower costs.Starships Technologies was founded in 2014 and is headquartered in San Francisco, California. | $50M / Series C / Oct 15, 2025 | |
Vok Bikes
|
We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021. | $5.9M / Series A / Jul 02, 2025 | |
Stargate Hydrogen
|
Stargate Hydrogen Solutions offers turn-key electrolysis solutions for the production of green hydrogen with renewable energy. | $11.5M / Series A / Mar 03, 2025 | |
Gridio
|
GridIO enables households to earn cash using their existing electrical devices by combining them into virtual power plants.In doing so,GridIO provides flexibility to power grids and unlocks a future full of green electricity | $2.5M / Seed / Jan 27, 2025 | |
| See all 35 investments → | |||
Co-Investors
Tera Ventures
9 deals together
Aconterra
4 deals together
Pinorena Capital
4 deals together
Soulmates Ventures
4 deals together
Sunly
4 deals together
Entrepreneurs Fund
3 deals together
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FAQ
What does SmartCap invest in?
SmartCap invests primarily in Software, Artificial Intelligence and Energy startups, most often at Series A and Seed stage. Most of the 35 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact SmartCap?
Public channels for SmartCap include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at SmartCap?
The team at SmartCap includes Mikko Suonenlahti (Board Director, Shareholder) and Sille Pettai (Fund Manager). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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