Tallinn-based Startup Wise Guys, a startup accelerator and early-stage investor, announced on Thursday that it has closed the first €25M of a targeted €45M to strengthen its new strategy of investing in the “underserved” global market.
Moving forward, Startup Wise Guys (SWG) aims to intensify its investment and expansion in underfunded markets and expand its presence in Europe and Africa.
As a part of the plan, SWG will invest in a minimum of 200 startups from across Europe and Africa in 2023 – 2024, after making 120 investments in 2022.
The startup accelerator claims that its latest office expansions in Spain and Italy would allow it to reach more founders in Southern and Western Europe, as well as in Latin America and North Africa.