Startup Wise Guys

Startup Wise Guys is a prominent early-stage investor based in Tallinn, Estonia, recognized as one of the leading venture capital funds in the Central and Eastern European (CEE) region and the Nordics. Since its inception in 2012, it has operated a renowned startup accelerator that has supported over 165 startups, primarily in sectors such as B2B SaaS, Fintech, and Cybersecurity. The intensive three-month program aims to validate, develop, and market products to business clients, benefiting from the guidance of more than 200 mentors. The accelerator culminates in Demo Days and attendance at major tech events, providing startups the opportunity to pitch to investors. With a startup survival and success rate exceeding 77%, the program has facilitated two major exits and fosters a robust alumni network of over 145 startups across more than 40 countries. Additionally, Startup Wise Guys manages specific funds targeting investments in various sectors, including technology and clean tech, with a focus on early-stage ventures.

Alexandra Balkova

Partner

Egita Polanska

Program & Partnerships in SEE and Venture Partner in Italy

Past deals in Latvia

CENOS

Seed Round in 2022
CENOS LLC develops a 3D modelling and simulation software for induction heating applications. Its offers a (finite element method) FEM based engineering software for 2D and 3D simulation of induction heat treatment like induction heating, induction hardening, brazing, pre-heating for forging, etc. The company helps small and medium size engineering companies to connect with engineering open source tools into the single user-friendly platform. CENOS LLC was founded in 2017 and is based in San Francisco, California.

Supliful

Seed Round in 2021
Supliful develops an online platform for users to create their own food supplement brand. It provides a catalogue of products, order form templates, online store fronts, shipping, and delivery services. Supliful has fulfilment facilities in Riga, Latvia and Denver, CO. Supliful is founded by a team of serial entrepreneurs who have successfully built and exited an ecommerce company grafomap.com. You can read about it more at Business Insider - https://www.businessinsider.com/

CENOS

Seed Round in 2021
CENOS LLC develops a 3D modelling and simulation software for induction heating applications. Its offers a (finite element method) FEM based engineering software for 2D and 3D simulation of induction heat treatment like induction heating, induction hardening, brazing, pre-heating for forging, etc. The company helps small and medium size engineering companies to connect with engineering open source tools into the single user-friendly platform. CENOS LLC was founded in 2017 and is based in San Francisco, California.

Okredo

Seed Round in 2021
Okredo is open data platform providing data and insights for sales increase and credit risk mitigation. Okredo offers services - in freemium and premium levels (freemium - free of charge, Premium - paid services). Currently we are operating in Lithuania, but we are scaling to Latvia, Poland, UK and other European countries.

Jeff

Seed Round in 2021
Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff's mission is to help the unbanked to access financial services. In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other types of digital footprint. Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score. The company was founded in 2019 and is located in Riga, Latvia.

Jeff

Seed Round in 2021
Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff's mission is to help the unbanked to access financial services. In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other types of digital footprint. Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score. The company was founded in 2019 and is located in Riga, Latvia.

Okredo

Pre Seed Round in 2021
Okredo is open data platform providing data and insights for sales increase and credit risk mitigation. Okredo offers services - in freemium and premium levels (freemium - free of charge, Premium - paid services). Currently we are operating in Lithuania, but we are scaling to Latvia, Poland, UK and other European countries.

CENOS

Angel Round in 2021
CENOS LLC develops a 3D modelling and simulation software for induction heating applications. Its offers a (finite element method) FEM based engineering software for 2D and 3D simulation of induction heat treatment like induction heating, induction hardening, brazing, pre-heating for forging, etc. The company helps small and medium size engineering companies to connect with engineering open source tools into the single user-friendly platform. CENOS LLC was founded in 2017 and is based in San Francisco, California.

AgroPlatforma

Pre Seed Round in 2020
SIA AgroPlatforma, established in 2017 and located in Jelgava, Latvia, specializes in providing digital solutions for the agricultural sector. The company operates an online platform designed for the buying and selling of grains, catering to both agricultural companies and farmers. AgroPlatforma aims to revolutionize grain trade by offering a fair, innovative, and efficient approach, distinguishing itself as a unique player not only in the Baltic region but also across Europe. By leveraging digital technology, AgroPlatforma seeks to enhance the development opportunities within the agricultural industry.

FjordHub.com

Seed Round in 2020
Time planning and attendance control , communication tool, surveys and HR for blue-collar workers as subscription based platform.

CENOS

Pre Seed Round in 2020
CENOS LLC develops a 3D modelling and simulation software for induction heating applications. Its offers a (finite element method) FEM based engineering software for 2D and 3D simulation of induction heat treatment like induction heating, induction hardening, brazing, pre-heating for forging, etc. The company helps small and medium size engineering companies to connect with engineering open source tools into the single user-friendly platform. CENOS LLC was founded in 2017 and is based in San Francisco, California.

Flipful

Pre Seed Round in 2019
Flipful SIA, founded in 2019 and based in Riga, Latvia, offers a mobile application that allows employees to access their earned salary before the official payday. This solution helps employees avoid financial stress by providing them with timely access to their wages, thus reducing the reliance on high-interest payday loans or borrowing from family and friends. Flipful integrates seamlessly with existing payroll systems, ensuring that companies do not need to alter their current processes. By enabling employees to receive advances on their earned salary, Flipful serves as an employee benefits solution that enhances motivation and satisfaction, ultimately benefiting both employers and employees.

CENOS

Pre Seed Round in 2019
CENOS LLC develops a 3D modelling and simulation software for induction heating applications. Its offers a (finite element method) FEM based engineering software for 2D and 3D simulation of induction heat treatment like induction heating, induction hardening, brazing, pre-heating for forging, etc. The company helps small and medium size engineering companies to connect with engineering open source tools into the single user-friendly platform. CENOS LLC was founded in 2017 and is based in San Francisco, California.

OROCON

Pre Seed Round in 2019
OROCON is specially created construction site management software for companies who dream BIG and want to reduce construction operational problem, and coordinate actions across a growing network of subcontractors, planning, tasks, drawings, finance. We finished proof of concept with Latvian companies with MRR and getting Demo request from other EU countries and preparing next steps to start our expanding

RelaxID

Pre Seed Round in 2019
Relaxid started as a platform assisting hotels to have an additional workforce on-demand. And later scaled up to a full network of services, where clients book services at the same market rate and standards. This allowed hotels to provide a wider range of services to their clients helping with the customer satisfaction and retention rate. And due to the rating and feedback system, amazing professionals today have the credibility to work with premium hotels, giving their clients access to great services provided by great specialists. We envision a network of hotels where it’s easy for anyone to access the services people want in their life. With that in mind, we’re adding new services and expanding to more cities. We want to help people feel comfortable and healthy while traveling and reach our ultimate goal: to help our hotels, partner-practitioners and customers feel more confident, relaxed, energetic, and empowered. That is the power of #beamazing.

TradersAlloy

Pre Seed Round in 2019
TradersAlloy is a developer of enterprise software designed to assist individual investors in managing their stock portfolios with greater professionalism. The company leverages data from various economic sources to provide users with fundamental information, company reports, and insights into insider trading. Its intuitive, gamified web application enables investors to build investment theses, document their processes, and gain a comprehensive understanding of global markets and specific industries. By offering these tools and resources, TradersAlloy empowers users to make informed, data-driven investment decisions.

AgroPlatforma

Seed Round in 2019
SIA AgroPlatforma, established in 2017 and located in Jelgava, Latvia, specializes in providing digital solutions for the agricultural sector. The company operates an online platform designed for the buying and selling of grains, catering to both agricultural companies and farmers. AgroPlatforma aims to revolutionize grain trade by offering a fair, innovative, and efficient approach, distinguishing itself as a unique player not only in the Baltic region but also across Europe. By leveraging digital technology, AgroPlatforma seeks to enhance the development opportunities within the agricultural industry.

CENOS

Pre Seed Round in 2019
CENOS LLC develops a 3D modelling and simulation software for induction heating applications. Its offers a (finite element method) FEM based engineering software for 2D and 3D simulation of induction heat treatment like induction heating, induction hardening, brazing, pre-heating for forging, etc. The company helps small and medium size engineering companies to connect with engineering open source tools into the single user-friendly platform. CENOS LLC was founded in 2017 and is based in San Francisco, California.

Lahdes

Pre Seed Round in 2019
Lahdes offers a digital document flow solution that notifies, reminds, and collects the required signatures from all parties involved according to your chosen document flow model. The company's main goal of our team is to create a product we are proud of, use ourselves and create a document circulation standard in the Baltics. Lahdes was founded at the end of 2018 and the year 2019 was spent talking to companies - understanding their wishes and needs while developing the product. Starting from November 2019, Lahdes has been launched on the market and, continuing the tradition of listening to customer wishes, is actively continuing to develop.

TradersAlloy

Pre Seed Round in 2018
TradersAlloy is a developer of enterprise software designed to assist individual investors in managing their stock portfolios with greater professionalism. The company leverages data from various economic sources to provide users with fundamental information, company reports, and insights into insider trading. Its intuitive, gamified web application enables investors to build investment theses, document their processes, and gain a comprehensive understanding of global markets and specific industries. By offering these tools and resources, TradersAlloy empowers users to make informed, data-driven investment decisions.

Firstline App

Pre Seed Round in 2018
Firstline App a secure digital courier to move confidential data where both ends are verified and only intended receiver can access information.

Partly

Pre Seed Round in 2018
Partly is a trusted community platform that connects people who want to solve their everyday household tasks with trusted and background-checked professionals. Partly can help you with a variety of household tasks such as socket installation, dishwasher repair, furniture assembly, home cleaning and even animal care. Come online or download a mobile app, and Partly will help you turn your to-do list into a list of completed tasks.

Drone Pilot

Pre Seed Round in 2018
Everything You need to fly Your Drone wisely. Products for all sides of the drone industry & traffic.

Motivio

Pre Seed Round in 2018
Motivio Ltd, founded in 2017, is an HR-tech company based in Latvia that focuses on enhancing employee engagement and satisfaction through innovative technology solutions. The company offers Wiserstate, a guided personal development and problem-solving coaching platform, alongside Motivio Meals, a mobile application that digitizes popular employee benefits like meal and gym vouchers. Motivio’s platform includes features designed to foster team building and social interaction, such as lunch quests and gamification opportunities, thereby promoting a more engaged workforce.

OROCON

Seed Round in 2018
OROCON is specially created construction site management software for companies who dream BIG and want to reduce construction operational problem, and coordinate actions across a growing network of subcontractors, planning, tasks, drawings, finance. We finished proof of concept with Latvian companies with MRR and getting Demo request from other EU countries and preparing next steps to start our expanding

Vartus

Pre Seed Round in 2017
Vartus helps homeowners, buyers and renters to discover a property’s true market value.

CastPrint

Pre Seed Round in 2017
CastPrint is a company focused on revolutionizing fracture treatment through the use of advanced 3D printing technology. By providing lightweight, waterproof, and comfortable casts, CastPrint enhances the patient experience and promotes an active recovery. These innovative casts not only improve patient comfort compared to traditional plaster options, which are often heavy and uncomfortable, but also integrate seamlessly into hospital workflows. This integration allows physicians to save approximately 15% of their time on each fracture case, thereby improving overall efficiency in treatment. CastPrint's approach not only prioritizes the physical well-being of patients but also aims to elevate the standard of care in orthopedic treatment.

iDiscount

Pre Seed Round in 2017
iDiscount is a software-as-a-service (SaaS) provider that specializes in electronic discount and loyalty card solutions. The platform allows businesses to create customized electronic discount cards featuring unique barcodes, which can be accessed from any device. iDiscount's services include uploading card designs that align with a company's branding, tracking purchase histories, and managing discount calculations. Additionally, the platform utilizes push notifications to keep customers informed about promotions, news, and events, facilitating direct communication between businesses and their clientele. This approach not only enhances customer engagement but also eliminates the need for physical cards and associated equipment, streamlining the loyalty program management process for companies.

Smartsub

Pre Seed Round in 2017
Smartsub is a digital marketing assistant powered by artificial intelligence that helps to find the best keywords, location settings for creating and analyzing the best digital marketing ads.

CENOS

Pre Seed Round in 2017
CENOS LLC develops a 3D modelling and simulation software for induction heating applications. Its offers a (finite element method) FEM based engineering software for 2D and 3D simulation of induction heat treatment like induction heating, induction hardening, brazing, pre-heating for forging, etc. The company helps small and medium size engineering companies to connect with engineering open source tools into the single user-friendly platform. CENOS LLC was founded in 2017 and is based in San Francisco, California.

Robotic Solutions

Pre Seed Round in 2017
Robotic Solutions have developed a combined software and hardware multi-agent system. Robotic Solutions is to solve different problems in the robotics industry by applying our science-based teams intellectual capabilities.

Anatomy Next

Pre Seed Round in 2016
Anatomy Next is augmented reality and web-based software for personalized medical education and healthcare. Anatomy Next has the most accurate 3-D anatomy models validated by professors at the University of Washington School of Medicine.