Remarkable Ventures

Eniac Ventures is an early-stage investment firm headquartered in NYC. Since our formation in 2009, we’ve been committed to backing highly technical founders who embody our values of authenticity, boldness, curiosity, and scrappiness. At Eniac, we believe that providing capital is just the beginning of the VC/founder journey and pride ourselves on the deep relationships we build with our founders.

SmartCap provides cornerstone investments for private fund managers to create a vital venture capital market in Estonia and enable ambitious and innovative Estonian companies to emerge and grow globally SmartCap is a small fund manager established in 2011 operating under an activity licence issued by the Estonian Financial Supervision Authority. SmartCap is a subsidiary of Estonian Business and Innovation Agency (after the merger of Foundation KredEx and Enterprise Estonia from January 2022). SmartCap manages two common closed-end alternative investment funds: SmartCap Venture Capital Fund and SmartCap Green Fund. Both operate as a venture capital fund-of-funds according to their strategy. The sole unitholder of both funds is the Republic of Estonia. SmartCap’s mission is to drive the development and growth of Estonian venture capital market by being a committed cornerstone investor in venture capital funds, addressing identified market gaps and investing through different economic cycles. The Management Board of SmartCap has two members: Sille Pettai and Mari Vavulski. The Supervisory Board has five members: Priit Põldoja (Chairman), Sille Kraam, Aare Järvan, Veiko Hintsov and Mikko-Jussi Suonenlahti. We work towards sustainable future and are devoted to make a conscious impact on various aspects of our society. Our core values are integrated and implemented in our business strategy, management and investment processes, day-to-day operations and interactions with our stakeholders and business partners. The core values are: Strong integrityBeing transparent, trustworthy and open partner to our stakeholders, investors, investees and business partners, as well as with the public; Acting in good faith; Engaging only in ethical, honest and fair business practices; Upholding good reputation and public image; Favouring socially responsible partners, investments and business opportunities. Environmentally-friendly practicesLimiting the impacts of climate change; Practicing responsible resource management; Reducing pollution. Social awarenessBeing mindful of equality, diversity and inclusion at all levels of the society; Caring for the well-being of our employees, the people around us and the society as a whole; Creating a supportive, safe, fair and dignified workplace. Good governanceUsing the best corporate governance, disclosure and reporting practices; Having a transparent ownership and management structure; Applying high standards to internal policies and to the compliance with regulatory requirements; Avoiding conflicts of interest, breaches of confidentiality or any other transgressions; We are a member of the Estonian Private Equity and Venture Capital Association (EstVCA) and follow its openness and transparency guidelines. SmartCap is also part of Invest Europe network – the world’s largest association of private capital providers that represents Europe’s private equity, venture capital and infrastructure investment firms, as well as their investors. Investment strategyWhy we invest? We aim to be a committed partner for private fund managers to develop Estonian venture capital market and modernise Estonian economy. Where we invest? We invest into both generalist and industry specific venture capital funds with a strong focus towards Estonian innovative early-stage research and technology-intensive enterprises with strong international growth potential. How we invest? We make cornerstone investments into venture capital funds hand-in-hand and on equal terms with private investors. Steps towards investmentSmartCap publishes a Call for Expressions of Interest. The Call offers investment solutions that are currently not available on the market or focusing on identified market deficiencies. As a cornerstone investor we lower the entry barrier to the venture capital market for private investors. Private fund manager is selected at the Call to establish a new fund. Fund manager is selected based on their investment proposal, team profile and competences. Our investment decisions are made on market terms and based on market needs. Newly established fund makes direct investments into underlying companies. The new fund will be making investment decisions independently based on the Call's objective and the fund's investment strategy. Our operating principles are:Impact: Our aim is to develop Estonian venture capital market as well as to contribute to Estonian economic growth. Profitability: Our aim is to be self-sustainable and to earn market level long-term investment income for the shareholder/state. Operation on market conform terms: Each investment is made hand-in-hand and on equal terms with a private investor or investors. Responsibility in day-to-day operations: We address and promote responsible principles in our operations. SmartCap has been awarded with Silver Level in Responsible Business Assessment Index.

Early-stage tech venture fund investing in immigrant founders building amazing scalable products.

New York Ventures supports high-growth companies and their partners to use technology to solve important challenges in areas of strategic interest and importance. We actively look to provide greater access to venture capital for regions, industries and individuals, including women and minority entrepreneurs and fund managers. Our goal is to build a robust startup ecosystem across New York State, leveraging public and private sector assets. New York Ventures is actively deploying over $300 million of capital through equity programs for both direct and indirect investment. In 2022, New York was awarded funds via the U.S. Department of Treasury State Small Business Credit Initiative, which helps us to support our several programs. Venture Capital Program Funds Pre-seed and Seed Matching Fund: $30 million fund for investing in venture backable start-ups at the early stages of their development NYS Innovation Venture Capital Fund: $135+ million fund for investing in venture-backable startups from Seed through Series B Emerging and Regional Partner Fund: $102 million fund for investing in diverse and emerging venture fund managers or managers who invest in undercapitalized regions in NYS Community and Regional Partner Fund: $52 million fund for investing in venture fund managers who operate or partner with mentor-based programs like accelerators Impact NY Ventures programs and companies create impact in numerous ways, but we are proud of the range and diversity of companies and managers that all our programs have supported since 2011. 224 companies: More than 55% located outside of New York City $135M+ invested by NYS, matched by $900M+ from the private sector 43.3% portfolio companies started and/or led by women or minorities Team The New York Ventures team has extensive experience as investors and entrepreneurs, with offices in New York City, the Southern Tier, Western NY and the Capital Region. In addition, we regularly collaborate with our partners within the Small Business and Technology Development Division who help entrepreneurs at all stages of growth and development. Jennifer Tegan - Managing Director Silvia Garcia Codony - Assistant Vice President Karan Mehta - Senior Director Ryoko Nozawa - Senior Director Josh Nelson - Director Zack Pecenak - Director Audrey Chisholm - Assistant Director Elaine Chen - Operations Associate Thomas Halpin - Project Associate

CLiffs is a deep technology-focused investment fund. It chooses to operate in an international landscape to become the Italian bridge to the U.S. VC market and exploit the opportunities offered by the most powerful innovation hubs of the world. Finally, with a focus on early-stage opportunities, we leverage our expertise, network, and resources to support entrepreneurs in scaling their businesses and driving technological advancements.

We are early-stage investors who partner with visionary founders building technology companies worldwide. We look for founders on a mission to fundamentally disrupt industries and have the resilience required to execute at scale. We believe in Founders We build partnerships with Founders who think differently about the future and work to enable their immense ambition. As Founders ourselves, we recognize the criticisms every Founder faces and the challenges they go through. We understand that Founders don’t have all the answers and will make mistakes. Great Founders are experts with comprehensive knowledge about their companies and their domains. Founders need support and we are here to help them define the future. We exist to enable the ubiquitous companies of tomorrow We seek out the disruptors, innovators, builders, scientists, and technologists. We are techno-optimists, and we look for companies pursuing breakthroughs at the intersection of multiple disciplines and where there are extremely large market opportunities. Outcomes in venture are asymmetric and we seek to partner with Founders who have a radical vision for how to improve the world. We push our Founders to look beyond 10x ideas and build 100x companies with a relentless focus on building sustainable long-term competitive advantages. We believe software continues to eat the World, for the better The rate of technological innovation in the world continues to accelerate and we believe that the compounding of innovation will continue to be a force for good. The rapid convergence of technologies is creating an expanding set of opportunities. We embrace this reality, not just in our investments, but also in how we organize as a firm. Our companies are innovators and we too must innovate. Their businesses are global and we too must organize globally. As the world continues to change, so will we. We choose to go to the moon We don’t do what’s easy, we do what’s hard. We want to have an impact on society and the economy that is much bigger than ourselves and we partner with companies with the ambition to do the same. We are relentless in our desire to be the most valuable partners to our companies at the early stage. We earn the right everyday to partner with the defining companies of tomorrow, work with the most outstanding people, and partner with trailblazing Founders. We build infrastructure that puts our competitive advantages at the service of the Founders we back and coach them to strength. We think in decades, not dollars. We prioritize character We believe that our reputation will be the primary driver of the value we create over the very long term. There are no shortcuts. We have incredibly high standards and our actions and the relationships we build will define our success. We are honest and trustworthy, and we always stand by our commitments. We are never transactional. We seek a high degree of alignment and work only with people who are aligned with us. We treat everyone with respect and always seek to add value, even in the deals we don’t do. We are building a firm, not a fund Our ambition is to build a permanent and preeminent investment firm that companies, Founders, and LPs strive to do business with. We want to win. We do the hard, often unglamorous, work to make things happen. We only work with outstanding and exceptional people who love the work we do. We are building a firm that Founders seek out for the value we add, the expertise we bring, the honesty and respect they deserve, and the actions we deliver.