Startup Wise Guys, the top accelerator in the Baltic countries, has launched a crowdfunding campaign, aiming to raise 300-400 thousand euros for investing in the companies participating in its programme in Tallinn in 2017.
Accelerators are typically funded by closed groups of angel investors who choose to invest through the accelerator to spread their risk across multiple companies, as well as increase the chance of a successful outcome through the services provided by the accelerator.
“Investing in an accelerator “batch” means you make one investment in a portfolio of ten carefully selected international startups. We have shown good results with our last six batches with portfolio companies like Vitalfields, Leaf.fm, Investly and many more,” said Herty Tammo, co-founder and one of the lead angel investors of Startup Wise Guys.
Startup Wise Guys launched the campaign on Funderbeam platform, which lets startup investors to trade their investments on an online aftermarket secured by the blockchain technology.
“We are building a platform that makes it easier to invest and trade small amounts in early stage startups, making it more democratic to take part in the success of great companies,” said Funderbeam Founder and CEO, Kaidi Ruusalepp. “With this partnership, we let the investors on our platform access Startup Wise Guys’ expertise in finding, screening, and improving companies, while spreading their investment on the entire batch.”
Usually, an investment in a startup is tied up in the company until they are either sold or go public, which typically takes five to ten years or more. The investors in the Startup Wise Guys fund will be able to offer their investments for sale whenever they think the time is right.