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Search›Companies›AS SmartCap
12071991ActivePublic limited companyEE101581062 · VAT-registered

AS SmartCap

Harju maakond, Tallinn, Lasnamäe linnaosa, Sepise tn 7·EMTAK 66301 — Fund management activities·15+ years
Andmed · ···
On this page
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Overview

e-Business Register · 3 h ago
Registry code
e-Business Register
Legal form
Public limited company
Registered
10.03.2011e-Business Register
Address
Sepise tn 7, Lasnamäe linnaosa, Tallinn, 11415 Harju maakondADS · e-Business Register
E-mail address
info@smartcap.eee-Business Register
Website
smartcap.eee-Business Register · domain active
Principal activity
EMTAK 66301 - Fund management activitiese-Business Register · ETCB
VAT number
ETCB · VAT-registered
Share capital
325 240,00 €e-Business Register
Estonia's public business register
HomeViewsIndustriesBlogSourcesAbout

Public registry of Estonian companies — every fact traceable to a source and a date. Free and ad-free for everyone.

Nimistu MTÜ
Address: Parda tn 8, 10151 Tallinn, Estonia
E-mail: info@nimistu.ee

Browse

  • Home
  • Views
  • Industries
  • Activity licences
  • Recent registrations

Data

  • 79 sources
  • Database
  • Extensions
  • MCP

Organisation

  • About
  • FAQ
  • For journalists
  • Donate
  • Donation terms
  • Refunds
  • Terms
  • Privacy
  • Contact
© 2026 Nimistu MTÜ. License CC-BY-SA 4.0 · details
PEP (7)
Data · 17 sourcese-Business Register · 1 min agoMTARTKFinantsinspektsioonKohesioRiigi Teataja · RiigikohusPatendiametBuiltWithWeb tech scanEesti Internet
e-Business Register ↗

Registered 10. märts 2011, primary activity: Fund management activities. Main place of business in Lasnamäe linnaosa, Tallinn, Harju maakond.

Revenue 2026 II kv
41 252 €
▲ 25% vs 2025 II kv
As of 10.07.2026 (MTA)
Employees
17
2026 (MTA)
Taxes paid
480 439 €
State + labour taxes · 2026 II kv
Tax debt
0 €
As of 09.08.2026 (MTA)
Revenue 2026 (I-II kv)
111k €
▲ 62% vs 2025 I-II kv
As of 10.07.2026 (MTA)
Employees
17
2026 (MTA)
Taxes paid
838k €
State + labour taxes · 2026 (I-II kv)
Tax debt
€0
As of 09.08.2026 (MTA)

Tax debt over time

MTA · last 365 d

Current debt: 0,00 €. History updated daily.

30 days
−2k €
2054,01 € → 0,00 €
90 days
–
no data yet
365 days
–
no data yet

Officers (7)

e-Business Register · 3 h ago
MK
Mari KuhiPEP
Born 1982 · 44 y · board member since 21.11.2024
Board member
ML
Maido LillemetsPEP
Born 1990 · 36 y · board member since 15.07.2026
Board member
AK
Ahti Kuningas
PEP
Born 1977 · 49 y · supervisory board member since 20.11.2023
Supervisory board member
LM
Lauri Matias KailaPEP
Born 1982 · 44 y · supervisory board member since 10.01.2025
Supervisory board member
UV
Ursel VelvePEP
Born 1978 · 48 y · supervisory board member since 07.10.2025
Supervisory board member
PP
Priit PõldojaPEP
Born 1969 · 57 y · supervisory board member since 08.05.2026
Supervisory board member
KS
Kärt SiilatsPEP
Born 1980 · 45 y · supervisory board member since 08.05.2026
Supervisory board member

Founders

e-Business Register · 3 h ago
EA
Eesti ArengufondFOREIGN
Foreign / not in register · founder since 07.03.2011
Founder · 125k €

Shareholders

e-Business Register · 3 h ago
EJ
Ettevõtluse ja Innovatsiooni SihtasutusLEGAL PERSON
Legal person · 90006012 · shareholder since 16.08.2023
Shareholder 100% · 325k €

Other persons (2)

e-Business Register · 3 h ago
NC
Nasdaq CSD SEFOREIGN
Foreign / not in register · registrar of the shares since 28.09.2017
Registrar of the shares
KB
KPMG Baltics OÜLEGAL PERSON
Legal person · 10096082 · auditor since 30.11.2017
Auditor

Subsidiaries

e-Business Register · shareholders · 3 h ago

AS SmartCap is a shareholder or officer in 14 more companies. Grouped into 5 EMTAK sectors.

M · Professional, scientific and technical activities
6
J · Information and communication
4
C · Manufacturing
2
K · Financial and insurance activities
1
S · Other service activities
1
›MProfessional, scientific and technical activities6 companies
SubsidiaryRole
Bisly OÜ12198160Shareholder 9%
FarsightVision OÜ17023382Shareholder 5%
Frankenburg Technologies OÜ16901751Shareholder 2%
FuseBox OÜ12773434Shareholder 6%
Wise Guys Investment OÜ12236417Shareholder 38%
äio tech OÜ16423843Shareholder 7%
›JInformation and communication4 companies
SubsidiaryRole
eAgronom OÜ14092394Shareholder 7%
Fractory Solutions OÜ14300852Shareholder 6%
GridIO 2.0 OÜ14494626Shareholder 8%
Paul-Tech OÜ14679299Shareholder 10%
›CManufacturing2 companies
SubsidiaryRole
Optigon OÜ14424376Shareholder 9%
UP Catalyst OÜ14798378Shareholder 6%
›KFinancial and insurance activities1 company
SubsidiaryRole
OÜ Stargate Hydrogen16191501Shareholder 10%
›SOther service activities1 company
SubsidiaryRole
CupLoop OÜ14590695Shareholder 9%

Annual reports (7)

e-Business Register · annual reports · 4 päeva tagasi
Revenue 2025
3,6m €
↗ +30.9% vs 2024
State taxes 2025
682k €
↗ +72.3% vs 2024
Employees 2025
14
↗ +55.6% vs 2024
YearRevenueProfitEquityAssetsEmployees
2025AUD3 560 297 €566 609 €4,6m €5,1m €1405.05.2026
2024AUD2 719 272 €785 578 €4,1m €4,5m €930.06.2025
2023AUD2 231 691 €748 645 €3,3m €3,5m €727.06.2024
Original files in PDF – the full register on e-Business Register.View reports on e-Business Register

Taxes, revenue and employees

Estonian Tax and Customs Board · 10.07.2026 as of
500k €250k €0
20222023202420252026
YearRevenue (a)State taxesTaxes on workforceEmployees (Q4)
2026I-II Q110 878 €417 665 €420 065 €17
2025378 343 €681 919 €637 705 €16
2024163 441 €395 679 €377 559 €10
2023106 957 €307 809 €304 609 €10
202256 165 €209 213 €
Quarterly breakdown
YearQ1Q2Q3Q4
Revenue 202670k €41k €––
State taxes 2026183k €235k €––
Taxes on workforce 2026175k €246k €––
Employees 20261617––
Revenue 202535k €33k €27k €283k €
State taxes 2025116k €178k €

Tech stack

BuiltWith · 8 päeva tagasi
Domains (1)
smartcap.ee
SPFDMARC
MXMicrosoft 365
NSZone.ee
REGZone Media OÜ
SRCEIS WHOIS
Could not analyse (This operation was aborted)
Widgets15Email server7Analytics7Mobile technologies3Frameworks2SSL certificate2Content management (CMS)2Programming language2Linked services2JavaScript libraries1Web server1Payment system1Mapping1Hosting1CDN1
Category breakdown
Widgets (15)
Fonts · WordPress Plugins · Site Search · SEO Management · Search API · Semantic Search · Content Optimization · Tag Management · Website Performance · Caching · Image Provider · Digital Asset Management · Graphic Design Tool · Marketing Automation · Data Management Platform · Digital Experience Optimization · Privacy Compliance · Data Protection · Compliance Software · Data Display Widgets · Photo & Video Marketing · Identity and Access Management · Data Collection · Web Performance Monitoring · Website Builder Plugins · Cookie Consent Management
Email server (7)
Business Email Hosting · Secure Email · DMARC
Analytics (7)
Audience Measurement · Tag Management · Conversion Tracking · Advertiser Tracking · Application Performance · Visitor Count Tracking · Web Analytics · User Behavior Analytics · Threat Protection · Network Security · Cybersecurity Intelligence · Web Security · Bot Management
Mobile technologies (3)
–
Frameworks (2)
Schema
SSL certificate (2)
Root Authority
Content management (CMS) (2)
Hosted Solution · Simple Website Builder · eCommerce Enabled · Blog · Developer Tools · Open Source · Community CMS · Ticketing System · Project Management · Collaboration Software · Document Management · Knowledge Management · Workflow Automation · Internal Tools Platform · Wiki · Enterprise · Mobile · Customer Support Software · Documentation Platform · Intranet Solutions · IT Service Management · Knowledge Base Software · Product Management · Service Management · Technical Documentation

Court rulings (1 · 1 as claimant)

Riigi Teataja
20241 decision
22.02.20242-23-15436/21
Võlaõigus › Laenu- ja krediidilepingudHarju Maakohus Tallinna kohtumajaOther parties: SeDx Valdus Osaühing (Kostja), SelfDx OÜ (Kolmas isik)Decision PDF →On Riigi Teataja →On lahend.ee →
HagejaJõustunud

Trademarks (1)

Patendiamet · 17.05.2026
SMART CAP
2 classes · figurative-word · 01.09.2019 · M202000167
Registered

Grants (1 · 1,0m €)

EIS + PRIA + Kohesio + Estonian Unemployment Insurance Fund
AS Smartcap SUE projekt
KohesioÜhtekuuluvuspoliitika fond (ERDF)European Regional Development Fund2021
1 027 124 €

Public procurements (16 · 2,6m €)

Procurement Register · 2 h tagasi
Awards
16
2022–2026 · 5 years
Total amount
2,6m €
avg 162k €
Suppliers
14
top: Swedbank AS
Latest
27.01.2026
– · AS SmartCap
SuppliersAll16Swedbank AS2Meta Advisory Group OÜ2Tartu Ülikool1Ellex Raidla Advokaadibüroo OÜ1Advokaadibüroo WALLESS OÜ1August Associates Oy1Risk OÜ1eFront Financial Solutions, Inc1
Show all buyers (6)
PitchBook Data, Inc1Ernst & Young Baltic AS1Elcogen Group PLC1J.A.K.O. STUDY & SURVEY OÜ1Grant Thornton Baltic OÜ1Recruitment Estonia OÜ1

Awards by year

12 yr · total 2,6m €
705k €
1,4m €
114k €
424k €
2015
2016
2017
2018
2019
2020
2021
2022
20261 award
27.012026
Strateegiline kommunikatsiooninõustamine ning kommunikatsioonitegevuste planeerimine ja elluviimine
ServicesNotice 02d8ae59-101e-4f4e-b0a1-9e7c078e0ad0
Meta Advisory Group OÜ
11727998
—
Award value
20253 awards424k €
19.062025
Tehingueelse finantsanalüüsi teenus
Services

State-sector payments (2 · 330k €)

RTK Makseandmik · 15.05.2026
Transactions
2
2024–2026 · 3 years
Total amount
330k €
avg 165k €
Buyers
2
State and municipal bodies
Latest
22.01.2026
9k € · Ettevõtluse ja Innovatsiooni Sihtasutus

2026: 9k € · 2024: 321k €

BuyerTxAmountShare
MAJANDUS- JA KOMMUNIKATSIOONIMINISTEERIUM
70003158
1
321k €
Ettevõtluse ja Innovatsiooni Sihtasutus
90006012
1
9k €
20261 transaction · 9k €
22.012026
Ettevõtluse ja Innovatsiooni Sihtasutus90006012
MAJANDAMISKULUD · Üldine majandus- ja kaubanduspoliitika
9374 €
20241 transaction · 321k €
04.032024
MAJANDUS- JA KOMMUNIKATSIOONIMINISTEERIUM70003158
MUUD TOETUSED · Teadus- ja arendustegevus muudes majandusharudes
320 911 €

History

last 2 years · MTA + ÄR + MTR + Procurements
2026
15.07.2026OfficerAstus juhatusse— Maido Lillemets
15.07.2026FilingMuutmiskanne2×expand ›hide ⌃
  • Ä 10153757 / 22 · Olek: Jõustunud
  • Kanne nr 22 · kanne
08.07.2026FilingMuutmiskanne— Ä 10153757 / M8 · Olek: Puudused kõrvaldatud
23.06.2026TaxMaksuvõlg kasvas— +2054 € (kokku 2054 €)
08.05.2026OfficerAstus nõukogusse2×expand ›hide ⌃
  • Priit Põldoja
  • Kärt Siilats
05.05.2026ReportEsitati 2025. aasta aruanne— Käive 3 560 297 €
2025
07.10.2025OfficerAstus nõukogusse— Ursel Velve
30.06.2025ReportEsitati 2024. aasta aruanne— Käive 2 719 272 €
10.01.2025OfficerAstus nõukogusse— Lauri Matias Kaila
2024
21.11.2024OfficerAstus juhatusse— Mari Kuhi
21.11.2024FilingMuutmiskanne2×expand ›hide ⌃
  • Ä 10153757 / 21 · Olek: Jõustunud
  • Kanne nr 21 · kanne
21.10.2024FilingMuutmiskanne— Ä 10153757 / M7 · Olek: Jõustunud

Connected companies

Same-person ties · e-Business Register

AS SmartCap is connected to 31 other companies through 6 people who hold a role here and elsewhere. The strongest tie runs through Ahti Kuningas (9 companies).

Total connections
31
via 6 people
Connecting people
6
Active here
Distinct roles
2
Board member · Supervisory board member
Strongest tie
Ahti
9 companies
Via personAhti Kuningas9Kärt Siilats7Priit Põldoja6Ursel Velve5Mari Kuhi2Maido Lillemets2
AK
Ahti Kuningas
supervisory board member
9 other companies›
CompanyRoleReg. code
Eesti Rakendusuuringute Keskus CentAR OÜ
Founder
11343217
Ettevõtluse ja Innovatsiooni Sihtasutus
Supervisory board member
90006012
2022AUD
1 098 028 €
152 931 €
2,5m €
2,7m €
5
30.06.2023
2021AUD684 846 €124 139 €2,4m €2,5m €409.06.2022
2020AUD784 059 €258 144 €2,2m €2,3m €430.06.2021
2019AUD790 206 €377 151 €2,0m €2,1m €316.06.2020
209 742 €
6
171k €
218k €
Taxes on workforce 2025114k €185k €177k €163k €
Employees 202513141516
Revenue 202449k €28k €31k €56k €
State taxes 202493k €112k €82k €109k €
Taxes on workforce 202484k €110k €81k €102k €
Employees 202411101110
Revenue 202331k €34k €17k €25k €
State taxes 202359k €99k €81k €68k €
Taxes on workforce 202356k €97k €84k €67k €
Employees 202389910
Revenue 202227k €8k €9k €12k €
State taxes 202248k €61k €46k €55k €
Taxes on workforce 202244k €62k €47k €56k €
Employees 20225566
Programming language (2)
–
Linked services (2)
Page Type
JavaScript libraries (1)
JavaScript Library · Animation · DOM Manipulation · Event Handling · Ajax Library
Web server (1)
–
Payment system (1)
Currency
Mapping (1)
Maps
Hosting (1)
Server Location
CDN (1)
–
2023
2024
2025
2026
Notice b3883190-8b06-43c3-b590-d515962c62b8
Grant Thornton Baltic OÜ
10384467
—
Award value
05.052025
SmartCap 3.0 strateegia
ServicesNotice 56720bc7-2975-4fdf-acdb-10af9bee5bec
August Associates Oy
1710928-0
247 000 €
Award value
26.032025
Fondide administreerimise teenus
ServicesNotice 0874cfb1-2d94-41f4-86da-3a6ef47eec16
Swedbank AS
10060701
177 350 €
Award value
20244 awards114k €
04.122024
Õigusliku- ning finantsanalüüsi ost ja vajadusel nende täienduste tellimine
ServicesNotice d99b7d8f-208e-4a70-8537-482157341740
Elcogen Group PLC
13290541
29 999 €
Award value
07.112024
Värbamisteenus
ServicesNotice 0264d169-4f08-46d9-91a2-3aac1a62dc61
Recruitment Estonia OÜ
11193077
—
Award value
21.042024
Andmebaasi ligipääsu tellimus (Pitchbook)
ServicesNotice 90eb4072-0931-464c-9fb4-9492dd000d82
PitchBook Data, Inc
4261657
84 474 €
Award value
14.032024
Strateegiline kommunikatsiooninõustamine ning kommunikatsioonitegevuste planeerimine ja elluviimine
ServicesNotice 34cf7310-88c3-4a2b-9e56-6e85d1ebfbf6
Meta Advisory Group OÜ
11727998
—
Award value
20236 awards1,4m €
29.122023
Euroopa ja Eesti era- ja riskikapitalituru võrdlev turuanalüüs
ServicesNotice 9a33a3e3-98c3-4da2-881d-200da18b3de5
Ernst & Young Baltic AS
10877299
58 520 €
Award value
13.122023
Fondivalitseja riskijuhtimise alane nõustamine ja fondide riskihindamine
ServicesNotice 74301eed-c9f2-4b9f-98a5-3cc5d65b7d9c
Risk OÜ
11556676
160 000 €
Award value
13.112023
Andmebaasi ligipääsu tellimus
ServicesNotice 46a238ad-011b-41e8-a6c4-a4cf5ca8a242
eFront Financial Solutions, Inc
03650489
120 000 €
Award value
29.092023
Fondide administreerimise teenus
ServicesNotice 33f97eee-af5c-4a5f-84af-896a912d7d9d
Swedbank AS
10060701
132 000 €
Award value
07.032023
Õigusteenuse tellimine
ServicesNotice ted-2023-3-407
Ellex Raidla Advokaadibüroo OÜ
10344152
440 000 €
Award value
06.032023
Õigusteenuse tellimine
ServicesNotice ted-2023-3-407
Advokaadibüroo WALLESS OÜ
14024560
440 000 €
Award value
20222 awards705k €
13.122022
Raamatupidamisteenuse tellimine
ServicesNotice ted-2022-12-576
J.A.K.O. STUDY & SURVEY OÜ
11721085
18 600 €
Award value
11.032022
Teenused teadmuspõhiste iduettevõtete loomiseks ja arendamiseks ning teadmuspõhise ettevõtluse ökosüsteemi arendamine Eestis
ServicesNotice ted-2022-3-833
Tartu Ülikool
74001073
686 100 €
Award value
Majandus- ja Kommunikatsiooniministeerium
Legal representative of the institution
70003158
Mittetulundusühing Eesti Standardimis- ja Akrediteerimiskeskus
Board member
80120020
MTÜ Karjase tee puurkaev
Founder
80661572
osaühing GH Holding
Founder
11070400
OÜ Bella Aurelia
FounderBoard memberShareholder 100%
16785753
Riigiside Sihtasutus
Supervisory board member
90006101
Sihtasutus Rahvusvaheline Kaitseuuringute Keskus
Supervisory board member
90009217
KS
Kärt Siilats
supervisory board member
7 other companies›
CompanyRoleReg. code
Aktsiaselts EVORE
Supervisory board member
10078612
aktsiaselts IEG
Supervisory board member
10078204
aktsiaselts INFO-AUTO
Supervisory board member
10078598
AS RENEST
Supervisory board member
10124602
Eesti Era- ja Riskikapitali Assotsiatsioon
Board member
80295682
GoBeyond Capital OÜ
Board memberShareholder 50%Founder
14983064
Kayes Consult OÜ
Shareholder 50%
12688770
PP
Priit Põldoja
supervisory board member
6 other companies›
CompanyRoleReg. code
AS Inbank
Board member
12001988
AS Inbank Finance
Supervisory board member
16197915
AS Inbank Rent
Supervisory board member
16699344
Aus Design OÜ
Supervisory board member
12348333
Cofi Investeeringud OÜ
Board member
11917316
Lamu Investeeringud OÜ
Board memberShareholder 100%
10676721
UV
Ursel Velve
supervisory board member
5 other companies›
CompanyRoleReg. code
Adtraxion OÜ
Board memberShareholder 100%Founder
11252377
Aktsiaselts KredEx Krediidikindlustus
Supervisory board member
11948506
Ettevõtluse ja Innovatsiooni Sihtasutus
Board member
90006012
MITTETULUNDUSÜHING TUULESAAR
Founder
80312280
SiRoMo OÜ
Founder
12522100
MK
Mari Kuhi
board member
2 other companies›
CompanyRoleReg. code
Eesti Era- ja Riskikapitali Assotsiatsioon
Board member
80295682
Goby OÜ
Board memberShareholder 50%
12150696
ML
Maido Lillemets
board member
2 other companies›
CompanyRoleReg. code
Tallinn, Puhke tn 3 korteriühistu
Board member
80650893
Wise Guys Investment OÜ
Supervisory board member
12236417

Documents (15)

dokumendiregister.ee
  • 25.05.2026Koostööleping· LepingKaitsevägi
  • 30.04.2026Aruanded· Sissetulev kiriMajandus- ja Kommunikatsiooniministeerium
  • 11.12.2025SmartCap Venture Capital Fund osakuomaniku hääl osakuomanike üldkoosoleku otsuse eelnõu osas· Väljaminev kiriMajandus- ja Kommunikatsiooniministeerium
  • 08.12.2025Investeerimispoliitika kooskõlastamine· Väljaminev kiriMajandus- ja Kommunikatsiooniministeerium
  • 02.12.2025Kiri· Sissetulev kiriMajandus- ja Kommunikatsiooniministeerium
  • 02.05.2025Päring riigihankes 291411
· Sissetulev kiri
Rahandusministeerium
  • 02.05.2025Vastus pöördumisele· Väljaminev kiriRahandusministeerium
  • 26.03.2025Kiri· Sissetulev kiriMajandus- ja Kommunikatsiooniministeerium
    • View all 15 →

    Analysis · 2025

    computed from annual reports
    Revenue3,6m €median 110k €32.5× the sector median
    Net margin15.9%median 22.3%-6.4 pp vs sector median
    Revenue per employee254k €median 150k €1.7× the sector median
    Revenue change30.9%median 2.5%+28.5 pp vs sector median
    Equity ratio90.7%
    Current ratio10.74
    Labour cost of revenue43.9%
    Profit per employee40 472 €
    Compared with2024revenue 2,7m €

    Peer group: Fondide valitsemine, 60 trading companies that filed a report in the last three years.

    Founded 2011. That year 16 aktsiaselts were registered; 15 are still trading, or 93.8%.