Startup Wise Guys

Startup Wise Guys, founded in 2012 and based in Tallinn, Estonia, is a prominent early-stage investor and accelerator in the Central and Eastern European (CEE) region and the Nordics. The organization has accelerated over 165 startups, primarily in B2B SaaS, fintech, and cybersecurity, achieving a startup survival and success rate exceeding 77%. Its intensive three-month accelerator program focuses on product validation, development, and sales to business customers, supported by a network of over 200 international and local mentors. The program culminates in Demo Days and major tech events where startups present their ventures to potential investors. Additionally, participants gain access to an alumni community of more than 145 startups across 40 countries and exclusive alumni events centered on business development and fundraising. Startup Wise Guys also manages dedicated funds targeting various sectors, including an Africa Fund that invests in fintech, health tech, and digital SaaS, among others.

Alexandra Balkova

Partner, Head of Portfolio

Gunce Onur

Venture Partner Turkey

Attila Hudecz

Managing Director, Sustainability

Franziska Kolk

General Partner, Africa

Andrea T. Orlando

Partner

Günce Önür

General Partner, Challenger II

Past deals in Software

Vado

Convertible Note in 2022
Vado is a technology startup that connects third-party delivery platforms and vending machines making order reception, management and delivery to the riders completely automatic. We are neither a delivery provider nor a vending machine manufacturer - we bridge the gap between them. In order to help companies manage the delivery and take-away operations of any product (Alcohol, Sushi, Drugs, Ready Foods) more efficiently, we integrate their delivery apps (Glovo, Deliveroo, JustEat, UberEats) with distributors automatic that allow you to sell automatically 24/7. Automating the online ordering process helps our customers save time and money, so they can focus more on their core business and continue doing what they love most: making their customers happy.

Sweephy

Pre Seed Round in 2022
Sweephy is a software solution that simplifies the process of data preprocessing through artificial intelligence and a user-friendly, no-code interface. It enables users to clean and prepare large datasets, up to 1TB, from various structured sources in just minutes, without the need for complex rules or coding. The platform offers end-to-end machine learning pipeline services, delivering real-time predictions and automated data insights. By utilizing advanced machine learning and deep learning techniques, Sweephy enhances the quality of datasets, allowing organizations to conduct accurate business and data analysis. Its intuitive drag-and-drop functionality allows users to interpret complex datasets, clean them, and identify anomalies quickly, making it a powerful tool for improving data management and analysis capabilities.

Kiotapay

Convertible Note in 2022
Kiotapay is a software-as-a-service (SAAS) company specializing in property management solutions. It offers a cloud-based platform designed to automate essential processes for property owners, managers, and tenants. The software facilitates the management of billing, collections, and payments, as well as the maintenance of records related to real estate management. By streamlining these functions, Kiotapay enhances the efficiency of rental management, providing a comprehensive solution for all stakeholders involved in the rental lifecycle.

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.

Workee

Pre Seed Round in 2022
Workee is a back-office solution designed for freelancers, particularly those in appointment-driven professions such as coaching, health consulting, tutoring, and legal services. The platform streamlines business operations by offering tools for managing accounting, invoicing, client interactions, and overall work management in a single interface. Utilizing generative technology, Workee automatically creates personal websites for its users and facilitates the automation of essential tasks like bookings and payments. By centralizing these functions, Workee aims to save freelancers significant time—typically around four hours per week—and reduce operational costs by $200 to $400 per month.

SensusQ

Seed Round in 2022
Developer of an intelligent decision support software intended to solve the information handling difficulties that modern armies are facing due to technological advancements. The company's software fuses real-time multi-source information, to enhance shared understanding as well as provide actionable information and accelerated decision-making support for entities operating in a multi-domain framework, enabling clients to get a situational understanding of any scenario and make informed decisions.

Sentric

Pre Seed Round in 2021
Sentric is a developer of an online platform designed to assist small businesses in managing their e-commerce operations. The company provides tools that enable users to quickly obtain quality images and descriptions of their products by scanning barcodes. This functionality simplifies the process of gathering and sharing essential product information, facilitating efficient online distribution and enhancing the overall experience of uploading product offerings. By focusing on ease of use and speed, Sentric aims to support small shops in effectively showcasing their products in the digital marketplace.

Mellyn

Pre Seed Round in 2021
Cryptograpi helps maintain the integrity and confidentiality of sensitive information in software applications. From reducing losses after a data breach to preserving privacy as a way of business, we provide an easy and secure way to implement end-to-end cryptography while maintaining regulatory compliances in check.

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.

Mellyn

Convertible Note in 2021
Cryptograpi helps maintain the integrity and confidentiality of sensitive information in software applications. From reducing losses after a data breach to preserving privacy as a way of business, we provide an easy and secure way to implement end-to-end cryptography while maintaining regulatory compliances in check.

eID Easy

Pre Seed Round in 2021
Developer of programming and consulting platform designed to offer digital authentication. The company's platform provides a simple and easy system for the implementation of electronic identity authentication as well as qualified electronic signature methods, enabling businesses to verify the other person's identity and all the other documents.

DataCalculus

Pre Seed Round in 2021
DataCalculus OU develops data analysis software for small to medium enterprises (SMEs) and individuals. Its software loads and analyzes the data, summarizes and generates a simple and interactive visualization, reports the overall and local statistics of the dataset, and detects the overall anomalies and local outliers. The company serves researchers, data specialists, business executives, medical experts, engineers, and other professionals. The company was incorporated in 2019 and is based in Tallinn, Estonia.

Vochi

Seed Round in 2021
Vochi is a mobile application focused on creative video editing, leveraging advanced computer-vision technology and AI-based algorithms. The app enables users to apply high-quality effects to individual objects within videos in real-time, maintaining visual fidelity in 1080p resolution. By utilizing neural networks and a custom rendering engine, Vochi allows for unique and personalized video creations, empowering users to express their creativity effortlessly on mobile devices.

Vochi

Seed Round in 2021
Vochi is a mobile application focused on creative video editing, leveraging advanced computer-vision technology and AI-based algorithms. The app enables users to apply high-quality effects to individual objects within videos in real-time, maintaining visual fidelity in 1080p resolution. By utilizing neural networks and a custom rendering engine, Vochi allows for unique and personalized video creations, empowering users to express their creativity effortlessly on mobile devices.

eID Easy

Pre Seed Round in 2021
Developer of programming and consulting platform designed to offer digital authentication. The company's platform provides a simple and easy system for the implementation of electronic identity authentication as well as qualified electronic signature methods, enabling businesses to verify the other person's identity and all the other documents.

COGNITIVA | DATIVA

Pre Seed Round in 2021
SaaS for manufacturing and logistics companies. Provides real time data and insight on productiviy, quality, traceability and inventory. Has a WEB APP and a MOBILE APP.

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.

Deliverart

Seed Round in 2021
Deliverart is an all-in-one cloud software that consolidates all the home delivery orders a restaurant receives (from phone, website, app, food delivery platforms) in a single interface. Alongside with that, it also provides smart tools to maximize the efficiency of a restaurant’s autonomous home deliveries, while increasing the productivity and the coordination between production and logistics. The software, developed by an Italian team and launched in 2019, is born with integrations-by-design, in order to create a helpful environment where restaurants can fully take advantage of digital technologies. Deliverart is a modular solution that can be personalized with add-ons and features, creating a tailor made software for the restaurants’ needs. It can easily interact with other management softwares, food delivery platforms and services to provide a plug-and-play customizable solution.

CoDe_RTD

Angel Round in 2021
CoDeRTD - We are the innovative startup that aims to fight digital piracy through artificial intelligence. We develop technologically advanced solutions for the protection of copyright of multimedia video content for the protection of the film industry.

Spenfi

Pre Seed Round in 2020
Spenfi, developed by UAB Haslle, specializes in spending and expense management software solutions designed for business-to-business applications. Established in 2019 and headquartered in Vilnius, Lithuania, the company offers a comprehensive platform that integrates various financial processes, including business travel expenses, administrative expenditures, subscription management, and invoice processing. Spenfi aims to enhance financial control for organizations by enabling finance teams to track purchases from order to payment, manage vendor payments, and automate expense reporting. The software also supports onboarding, purchase approvals, and provides real-time analysis, thereby streamlining operations and reducing the time spent on repetitive tasks. With its capabilities, Spenfi helps companies define custom budgets and efficiently manage payments, ensuring a more organized approach to financial management.

SensusQ

Pre Seed Round in 2020
Developer of an intelligent decision support software intended to solve the information handling difficulties that modern armies are facing due to technological advancements. The company's software fuses real-time multi-source information, to enhance shared understanding as well as provide actionable information and accelerated decision-making support for entities operating in a multi-domain framework, enabling clients to get a situational understanding of any scenario and make informed decisions.

moduulo

Pre Seed Round in 2020
Moduulo is a company based in Tallinn, Estonia, founded in 2018, that offers a self-learning process automation platform aimed at simplifying invoice production for organizations. By eliminating the need for additional business software, Moduulo allows companies to streamline their invoicing processes, leading to significant time savings of up to 20% and reducing the manual workload for accountants. The platform focuses specifically on generating outgoing invoices, or accounts receivable, and integrates seamlessly with various commonly used business tools. Through the application of machine learning, Moduulo optimizes business processes, enabling organizations to manage their operations more efficiently while also cutting costs associated with bookkeeping and accounting services.

ClickLog

Pre Seed Round in 2020
Developer of a cargo loading software designed to plan cargo loads. The company's software offers a truck and container load calculator, axle loading feature for trucks, and 3D visualization tools among others, enabling freight forwarders and carriers, distributors, manufacturers and logistics and warehouse software providers to get the optimal load distribution plan.

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.

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.

Spenfi

Pre Seed Round in 2019
Spenfi, developed by UAB Haslle, specializes in spending and expense management software solutions designed for business-to-business applications. Established in 2019 and headquartered in Vilnius, Lithuania, the company offers a comprehensive platform that integrates various financial processes, including business travel expenses, administrative expenditures, subscription management, and invoice processing. Spenfi aims to enhance financial control for organizations by enabling finance teams to track purchases from order to payment, manage vendor payments, and automate expense reporting. The software also supports onboarding, purchase approvals, and provides real-time analysis, thereby streamlining operations and reducing the time spent on repetitive tasks. With its capabilities, Spenfi helps companies define custom budgets and efficiently manage payments, ensuring a more organized approach to financial management.

DataCalculus

Pre Seed Round in 2019
DataCalculus OU develops data analysis software for small to medium enterprises (SMEs) and individuals. Its software loads and analyzes the data, summarizes and generates a simple and interactive visualization, reports the overall and local statistics of the dataset, and detects the overall anomalies and local outliers. The company serves researchers, data specialists, business executives, medical experts, engineers, and other professionals. The company was incorporated in 2019 and is based in Tallinn, Estonia.

AUTOM8

Pre Seed Round in 2019
Autom8 builds next-generation security tools for Application Security. Our unique analysis engine - 52 Hertz - currently supports 15 programming languages, fully embedded into SDLC via integrations with Bitbucket, Github, Git, Jira, Azure DevOps Server, SVN, Cobertura, Jenkins and IBM Jazz. These plugins help our customers to set security policies for shipping code to production. 52 Hertz is the de-facto standard to help customers identify vulnerabilities at the speed of light with the highest accuracy ever possible.

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.

Razzby

Pre Seed Round in 2018
Razzby is a software as a service (SaaS) company based in Vilnius, Lithuania, specializing in event management solutions. The company's platform streamlines and automates essential processes for event organizers, alleviating common challenges associated with event planning. Razzby offers tools for creating marketing websites, selling tickets, sending invitations, and managing audiences, all designed to enhance user engagement and increase ticket sales. By simplifying these customer-facing processes, Razzby enables event planners to focus on delivering successful events rather than getting bogged down in administrative tasks.

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.

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.

StepShot

Pre Seed Round in 2016
StepShot is a software company based in Vinnytsia, Ukraine, that specializes in creating step-by-step software documentation. Founded in 2016, StepShot provides a tool that enables users to generate user guides, manuals, and technical documentation by automatically capturing on-screen actions, including screenshots of cursor movements and clicks. This distraction-free method allows subject matter experts to share their knowledge efficiently, resulting in up-to-date instructional materials and how-to guides. The platform is utilized by IT professionals, including system administrators and software training specialists, and has an established customer base that includes notable organizations such as Pepsi, Microsoft, and Deloitte. StepShot's solution aims to streamline documentation processes, enabling companies to complete tasks up to 90% faster while maintaining a professional appearance. As of August 2019, StepShot operates as a subsidiary of UiPath Inc.
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