/People

Marili Merendi

Former Principal at Karma Ventures

Estonia

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About

Joined SmartCap in 2025 as an Investment Advisor. Previously worked in venture capital at Karma Ventures on direct investments and at family office Ambient Sound Investments leading a fund-of-funds portfolio. Holds a Master's in Business Economics from the University of Amsterdam.

Experience

  1. SmartCapInvestment Advisorcurrent2025 — present
  2. Ambient Sound InvestmentsAdvisor2024 — 2025
  3. Ambient Sound InvestmentsPortfolio Manager2023 — 2024
  4. Karma VenturesPrincipal2015 — 2022
  5. TalTech – Tallinn University of TechnologyVisiting Lecturer2022
  6. Estonian Business SchoolVisiting Lecturer2022
  7. TuumBoard Observer2020 — 2022Estonia
  8. SpectXInvestor (Karma Ventures portfolio company)2017 — 2021Estonia
  9. AppGyverBoard Observer2016 — 2021Finland
  10. UBSNordic HNWI Client Advisory | Wealth Management2013 — 2014Zurich, Switzerland
  11. UBSOTC Derivatives Valuations Desk Head | Investment Banking2011 — 2013Zurich, Switzerland
  12. Kraft FoodsFinancial Planning and Analysis Specialist2010 — 2011Zurich, Switzerland
  13. Estonian Development FundVenture Capital Analyst2010Estonia
  14. LHVEquity Research Analyst2008Estonia

Skills & more

Financial AnalysisPrivate EquityStrategic Financial PlanningEntrepreneurshipMicrosoft OfficeValuationEquity DerivativesEquitiesInvestmentsDerivativesAccountingStrategic Planning
+5 moreFixed IncomeInvestment BankingOptionsFinancial PlanningTrading

Languages English · Estonian

  • Portfolio Construction — Institutional Limited Partners Association (ILPA)
  • Investment Due Diligence for the Limited Partner — Institutional Limited Partners Association (ILPA)
  • Legal Documents — Institutional Limited Partners Association (ILPA)
  • Private Equity for the Limited Partner — Institutional Limited Partners Association (ILPA)
  • CFA Level 1 exam (2011) — CFA Institute

From Marili's professional profile.

Frequently asked questions

Who is Marili Merendi?
Joined SmartCap in 2025 as an Investment Advisor. Previously worked in venture capital at Karma Ventures on direct investments and at family office Ambient Sound Investments leading a fund-of-funds portfolio. Holds a Master's in Business Economics from the University of Amsterdam.
Where did Marili Merendi go to school?
Marili Merendi studied at University of Amsterdam (MSc in Business Economics); Harvard University (Finance & Management graduate courses); Tallinn University of Technology (BA in Economics).

Same school

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