Smart Capital
Smart Capital S.p.A. is a Monza-based, Euronext Growth Milan-listed evergreen investment holding company that takes minority private equity and PIPE stakes in Italian SMEs through a club-deal model, supported by 100+ co-investor families and the Smart4Tech tech vertical.
- Company typePublic
- Founded2020
- HeadquartersMonza, Italy
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Smart Capital does
Smart Capital S.p.A. is an Italian evergreen investment holding company headquartered in Monza, listed on the Euronext Growth Milan Professional Segment (ticker SMAR) following its November 2024 IPO. The company specializes in minority private equity and private investments in public equity (PIPE) transactions in Italian small and medium-sized enterprises, deploying capital through a curated "club deal" model in which more than 100 participating families with industrial DNA co-invest alongside Smart Capital. Its stated value proposition is long-term, sustainable value creation for shareholders through diversification across private and public equity, integration of ESG evaluation into investment selection and monitoring, and preservation of entrepreneurial control in portfolio companies.
The firm is organized as a group of complementary entities. The core Smart Capital entity holds the minority investment portfolio, which as of June 2025 encompasses approximately EUR 62.8 million of total consolidated assets across 7 active club deals and positions in companies such as Ferrari Group, L'Orto di Jack, MGM Group, and ALA. Smart4Tech S.p.A. functions as the technology vertical, housing AI-related investments including E-Plato (Socrates AI platform) and NextAI. Entera Advisory and the newly acquired MARCAP Advisory provide corporate finance advisory services. The corporate structure is governed by a dual-class share arrangement, with Agrati Holding (19.24% of capital, 27.90% of voting rights) and Costantini Investments (12.22% of capital, 23.02% of voting rights) acting as anchor shareholders, and a 57.44% free float.
Recent corporate actions underline an active expansion strategy. In November-December 2025, Smart Capital completed a EUR 7.94 million rights-issue capital increase. In March 2026, it closed the 100% acquisition of Marcap S.p.A. for EUR 4.67 million and Marcap's advisory business (now MARCAP Advisory) for EUR 0.43 million, with Marcap shareholders rolling approximately EUR 4 million back into Smart Capital equity. In parallel, shareholders approved a Reverse Take-Over merging Smart4Tech and WeAreStarting into CrowdFundMe, intended to create a new listed industrial group as a hub for consulting and capital raising for technology SMEs. The company is covered by Alantra (target EUR 1.85) and Intesa Sanpaolo IMI (BUY, target EUR 2.00).
Smart Capital firmographics
Firmographics- Name
- Smart Capital
- Legal name
- Smart Capital S.p.A.
- Website
- https://smart-capital.it
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Smart Capital S.p.A. is a Monza-based, Euronext Growth Milan-listed evergreen investment holding company that takes minority private equity and PIPE stakes in Italian SMEs through a club-deal model, supported by 100+ co-investor families and the Smart4Tech tech vertical.
- Ownership category
- akta.pro rank
Smart Capital industry classification
Industry- Product category
- Private Equity / Investment Holding
- NAICS
- Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940)
- SIC
- Investors, Nec (6799), Investment Advice (6282)
- akta.pro primary industry
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)
- akta.pro secondary industries
- Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where Smart Capital is headquartered
LocationHeadquarters
- HQ city
- Monza
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
Smart Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Distribution channels1 record
Marketing channels4 records
Smart Capital product offering
Product offeringCore offering
Smart Capital is an evergreen investment holding company that invests in minority private equity and PIPE (Private Investments in Public Equity) transactions focused on excellent Italian companies. It operates a club deal model, bringing together a selected group of long-term investors with industrial DNA to co-invest alongside visionary entrepreneurs. The group also includes Smart4Tech (technology vertical), Entera Advisory, and MARCAP Advisory (corporate finance advisory services).
Product overview
Smart Capital is an evergreen investment holding company (not a single unified product but a portfolio of investment vehicles and advisory services) organized into distinct divisions: the core Smart Capital entity handles minority private equity and PIPE investments in Italian companies; Smart4Tech serves as the technology vertical for tech-focused investments and operations; and Entera Advisory provides corporate finance advisory services. The company operates through a 'club deal' model, bringing together long-term investors to co-invest in growth companies with an industrial DNA, supporting visionary entrepreneurs with a sustainable, long-term approach.
Differentiator
Problem solved
Functional benefit
Products and services
- Smart Capital Investment Holding Evergreen investment holding company specializing in minority private equity and PIPE (Private Investments in Public Equity) transactions focused on long-term investments in Italian companies, targeted at visionary entrepreneurs and a selected club of co-investors.
- Smart4Tech Technology vertical of Smart Capital group focused on technology investments and operations, including the acquisition of advisory businesses and tech-enabled companies. Manages technology-focused portfolio investments such as NextAI and E-Plato (Socrates AI platform).
- Entera Advisory Advisory services entity within the Smart Capital group providing corporate finance advisory services to companies.
- Club Deal Investment Model Investment approach where Smart Capital brings together a selected group of investors with industrial DNA to co-invest in private and public equity transactions alongside portfolio companies, offering shareholders optional co-investment participation.
- MARCAP Advisory Advisory business unit of Marcap S.p.A. acquired by Smart4Tech S.p.A. for EUR 430,000, now operating as part of Smart Capital's corporate finance advisory platform.
Quantifiable outcome
- Total consolidated assets of ~€62.8 million as of June 2025
- +1 more outcomes
Companies that use Smart Capital
Customer profileSegments1 record
Ideal customer profiles2 records
Smart Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Smart Capital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Marcap S.p.A.coreSmart Capital completed 100% acquisition of Marcap S.p.A., an industrial holding based in Recanati, for €4.67 million. Smart4Tech S.p.A., the technology vertical of Smart Capital group, acquired Marcap's advisory business for €0.43 million. Marcap shareholders reinvested approximately €4 million into Smart Capital's equity.
- E-PlatominorSmart Capital and its subsidiary Smart4Tech announced investment in E-Plato, a startup developing Socrates® AI solution for business applications, supporting expansion of the innovative AI platform.
- Ferrari GroupminorSmart Capital invested in Ferrari Group's IPO on Euronext Amsterdam. Ferrari Group is an international operator specializing in luxury goods logistics and shipping.
- BlackSheep, CDP Venture Capital, Finint, ApsideminorConsortium of investors including BlackSheep, CDP Venture Capital, Finint, and Apside subscribed a binding commitment for a €5.5 million capital increase in NextAI, a portfolio company of Smart4Tech.
- L'Orto di JackminorSmart Capital promoted a club deal investment in 'L'Orto di Jack', a company in the portfolio.
Scale indicators6 records
Recent moves9 records
Expansion highlights6 records
Smart Capital competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Smart Capital social profiles
Digital presenceSmart Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Smart Capital leadership team
Management profileNumber of profiles
Profiles7 records
Smart Capital subsidiaries and ownership
Company hierarchySubsidiaries3 records
Smart Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Smart Capital M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Smart Capital
What does Smart Capital do?
Smart Capital is an evergreen investment holding company that invests in minority private equity and PIPE (Private Investments in Public Equity) transactions focused on excellent Italian companies. It operates a club deal model, bringing together a selected group of long-term investors with industrial DNA to co-invest alongside visionary entrepreneurs. The group also includes Smart4Tech (technology vertical), Entera Advisory, and MARCAP Advisory (corporate finance advisory services).
Is Smart Capital a public or private company?
Smart Capital is a public company. It is classified as public and is currently operating.
When was Smart Capital founded?
Smart Capital was founded in 2020. It employs 1 to 10 people.
Where is Smart Capital based?
Smart Capital is headquartered in Monza, Italy, in the Europe region.
Does Smart Capital have an API?
No public API is recorded for Smart Capital.
What industry is Smart Capital in?
Smart Capital's product category is Private Equity / Investment Holding. Its primary akta.pro industry code is BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital), with a secondary code of FSAEAGAC, Capital Raising Advisory (Equity & Equity-Linked). Its NAICS code is 5259 and its SIC code is 6799.