Kawe Kapital was founded in November 1996 to provide brokerage services and asset management services to individuals related to Kawe group.

In February 1997 Kawe Kapital became a member of Tallinn Stock Exchange. In July 2000 owners decided to give up trading and to focus onasset management services.

In 1999 Kawe Kapital expanded its services besides domestic and foreign institutional investors, to private individuals.