Cobalt has advised SmartCap on the launch of its Greentech Investment Program focusing on investments in green technology companies.
SmartCap is a small fund manager founded in 2011 that aims to develop the Estonian venture capital market and enable Estonian companies to grow.
According to Cobalt, “SmartCap aims to invest, through its new Green Fund, up to EUR 20 million in green technology companies. On October 31, 2022, SmartCap published the Greentech Investment Program terms under which early-stage green technology companies established and operating in Estonia can apply for direct investments.”
According to SmartCap Board Member and Fund Manager Sille Pettai, the aim of the Green Fund is to increase the supply of venture capital to innovative green technology companies.
Cobalt’s team included Partner Kristel Raidla-Talur and Specialist Counsel Greete-Kristiine Kuru.