Startup Wise Guys obtained new $26.7 M for diverse capital, plans to expand operations in Africa

Startup Wise Guys, a VC and accelerator company, has raised the first EUR25 million (US $26.7 million) of EUR45 million (US $48 million). This money will be used to support the company’s new strategy, which is centred on global markets that are still underserved by capital investment.

Startup Wise Guys, an organisation that was founded in Tallinn, Estonia in 2012, also oversees cybersecurity programmes out of Cosenza and SaaS accelerator programmes out of Milan. The business has worked with more than 500 founders thus far, invested in more than 235 startups, witnessed five exits, and has a general success and survival record for startups above 77%.

A partial completion of Startup Wise Guys’ EUR45 million (US $48 million) objective has now been revealed, with a strategic focus on areas with the greatest capacity to absorb capital investment. After making 120 investments in 2022, it will use the capital to invest in a minimum of 200 businesses, primarily from Europe and Africa, in 2023 and 2024.

“In recent years, Startup Wise Guys has evolved into a truly international organisation, with an investment presence in countries ranging from Ukraine and Spain to South Africa. We are now deploying our experience at scale to help passionate founders thrive globally, in spite of uncertain economic conditions,” said Cristobal Alonso, global CEO at Startup Wise Guys.

“We are the early-stage investor ready to help digital entrepreneurs with brave ideas, especially in times of crisis. We proved that during COVID-19, we were active after the Ukraine war started. We are determined to help entrepreneurs turn crises into new opportunities, and we have a strong track record helping purpose-driven founders become global entrepreneurs.”