Startup Wise Guys launches construction tech specialized fund and accelerator program in Saudi Arabia

Estonian accelerator and fund Startup Wise Guys launches construction tech specialized fund in Saudi Arabia. In the third quarter of 2024 Startup Wise Guys, its partner Saudi Arabian SEEDRA Ventures, and Canadian architecture firm WZMH plan to launch an accelerator program, the details of which will be announced later. 

The new fund and accelerator program will be sponsored by the National Technology Development Program (NTDP). The construction tech fund will be managed by two general partners of Startup Wise Guys, Jourdan Younis and Aya Zaghnin. Startup Wise Guys will launch its accelerator program in the MENA region, using its expertise in supporting and developing B2B startups.

Launched in 2012, Estonian Startup Wise Guys is an accelerator that invests in early-stage startups from the Baltic, Central European, and African regions. It has invested in more than 350 startups and had 13 exits. Startup Wise Guys typically invests up to €500K per startup through multiple funds that manage €45M and are backed by more than 150 investors. The CEO of Startup Wise Guys is Сristobal Аlonso.