Startup Wise Guys, a VC and accelerator firm, has closed the first $26.7 million of the US$48 million aimed supporting its new strategy that focuses on international regions that are currently underserved by capital investment.
Founded in Tallinn, Estonia in 2012, the startup manages SaaS accelerator programmes out of Milan as well as cybersecurity programmes from Cosenza. Since its inception, the company has worked with more than 500 founders, made more than 235 startup investments, seen five exits, and achieved an overall startup survival and success rate above 77 per cent.
We are now using our knowledge at scale to help committed founders to develop globally, despite ambiguous economic conditions,” Startup Wise Guys’ global CEO Cristobal Alonso said.
Startup Wise Guys has recently expanded to a global organization following investments in nations like South Africa, Spain, and Ukraine.
With the money,the company seeks to invest in at least 200 startups in 2023 and 2024, especially ones from Europe and Africa.
We are the early-stage investor who is ready to back digital businesses with big goals, even when times are tough. We showed this during COVID-19, and we kept doing it even after the Ukrainian War started.We have a track record of helping founders become successful global entrepreneurs, and we are committed to helping business owners turn problems into new opportunities,” Alonso said.