Startup Wise Guys, a VC and accelerator firm, has closed the first $26.7 million of the US$48 million that will be used across its numerous geographies and vertical-focused funds to support its new strategy focused on international markets that are still underserved by capital investment.
Startup Wise Guys, an organization that was founded in Tallinn, Estonia in 2012, also oversees cybersecurity programs out of Cosenza and SaaS accelerator programs out of Milan.
With investments in places like South Africa, Spain, and Ukraine, Startup Wise Guys has become a truly global organization in recent years.
The worldwide CEO of Startup Wise Guys, Cristobal Alonso, stated, “We are now applying our knowledge at scale to support committed founders to grow globally, despite ambiguous economic situations. The business has worked with more than 500 founders thus far, invested in more than 235 startups, witnessed five exits, and has a general startup survival and success rate of more than 77%.
“We are the early-stage investor prepared to support boldly ambitious digital businesses, especially during difficult times. We demonstrated this during COVID-19 and continued to be active even after the Ukrainian War began. We have a proven track record of assisting founders with the purpose to become successful global entrepreneurs, and we are committed to assisting business owners in transforming crises into new possibilities,” Alonso added.
With the funding, it would invest in at least 200 startups in 2023 and 2024, especially from Europe and Africa.
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