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VC and accelerator firm Startup Wise Guys has closed the first EUR25 million (USD 26.7 M) of EUR45 million (USD 48 M) that will be used across its various geographies and vertical-focused funds to support its new strategy focused on global markets that remain underserved by capital investment.
Startup Wise Guys manages SaaS accelerator programs out of Milan and cybersecurity programs from Cosenza. According to the company, it 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%. The company plans to invest in a minimum of 200 startups from mostly across Europe and Africa in 2023 and 2024 with the new funds.