Cobalt has advised SmartCap on launching a EUR 100 million Defense Fund.
SmartCap, established in 2011, is a small fund manager dedicated to developing Estonia’s venture capital market.
According to Cobalt, the fund is “aimed at advancing Estonia’s defense industry and developing innovative defense and security capabilities to meet the growing global demand. The Defense Fund contributes to Estonia’s economic growth by improving access to local capital for defense sector companies. It invests in funds managed by both new and experienced fund managers.”
In 2023, Cobalt advised SmartCap on its eAgronom investment (as reported by CEE Legal Matters on July 3, 2023). In 2022, Cobalt also advised SmartCap on the launch of its green technology investment program (as reported by CEE Legal Matters on November 21, 2022).
The Cobalt team included Partner Kristel Raidla-Talur, Managing Associate Greete-Kristiine Kuru, and Specialist Counsel Mart Blondal.
