COBALT advises SmartCap on the launch of its Greentech Investment Programme

COBALT advises SmartCap on the launch of its Greentech Investment Programme. SmartCap aims to invest through its new Green Fund up to 20 million euros in green technology companies. On 31 October 2022, SmartCap published the Greentech Investment Programme (GTIP) terms under which early-stage green technology companies established and operating in Estonia can apply for direct investments. COBALT assisted with reviewing the GTIP terms as well as advises Green Fund on investments made under GTIP.

According to SmartCap’s 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. SmartCap is a small fund manager founded in 2011 that aims to develop the Estonian venture capital market and enable ambitious and innovative Estonian companies to emerge and grow globally.

COBALT’s team in the Green Fund project is led by Partner Kristel Raidla-Talur and Specialist Counsel Greete-Kristiine Kuru.

Take a look at the GTIP terms: HERE