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 Network Security

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.

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.

Hive.id

Seed Round in 2021
Hive Identity, backed by Startup Wise Guys, was founded with a simple guiding mission: to make identity easy and secure. Since 2019, the company has been delivering against that goal, connecting a person’s online and real-world identities and letting them authenticate to services effortlessly and without passwords. The company’s Modern Identity Platform helps organizations of all sizes to drive down fraud risk at onboarding and beyond.

MonkPhish

Pre Seed Round in 2021
MonkPhish is a cybersecurity company that offers a platform focused on managing cyber risk by providing gamified and social behavioral training. The company enables employees to develop critical cybersecurity skills through engaging simulations of spear phishing attacks. This innovative approach allows teams to experience real-time scenarios, fostering a culture of awareness and proactive defense against cyber threats. By encouraging creative thinking about potential attacks and facilitating continuous training among team members, MonkPhish enhances the ability of organizations to recognize and prevent spear phishing incidents effectively.

Hive.id

Seed Round in 2021
Hive Identity, backed by Startup Wise Guys, was founded with a simple guiding mission: to make identity easy and secure. Since 2019, the company has been delivering against that goal, connecting a person’s online and real-world identities and letting them authenticate to services effortlessly and without passwords. The company’s Modern Identity Platform helps organizations of all sizes to drive down fraud risk at onboarding and beyond.

idBlender

Pre Seed Round in 2020
idBlender is a cybersecurity software company that specializes in providing secure network access solutions for organizations. By integrating secure WiFi and VPN technologies, idBlender offers a cloud-based service that enhances network protection without requiring new hardware investments. Its platform features enterprise-grade encryption, a cloud-hosted RADIUS system, and a comprehensive API, allowing businesses to manage and monitor their network access from a single interface. This approach eliminates the need for multiple solutions for identity management, WiFi, and VPN, simplifying the security management process for enterprises. With a focus on scalability and redundancy, idBlender aims to deliver robust security measures that adapt to the evolving threats faced by organizations.

Cyber Struggle

Seed Round in 2020
Cyber Struggle, founded in 2016 and based in Tallinn, Estonia, specializes in cybersecurity training and certification services. The company recognizes the complexities of modern cyber threats, advocating for an integrated approach that combines various disciplines, including criminology and psychological warfare, alongside traditional technical skills. Cyber Struggle emphasizes the importance of soft skills such as teamwork, leadership, and mental resilience, ensuring that individuals are not only technically proficient but also capable of performing under pressure. Their training programs focus on creating a comprehensive security perspective, equipping cybersecurity professionals to navigate the challenges of cyber-terrorism effectively. By utilizing advanced methodologies, including human-machine relations and simulation platforms, Cyber Struggle fosters a realistic learning environment that prepares individuals to handle the dynamic nature of cybersecurity threats.

Idyllum Labs

Pre Seed Round in 2020
Idyllum Labs tests websites for security features, data safety, and vulnerability to spam. The company's algorithms determine the integrity of any web application by running a series of harmless penetration tests on websites with the aim of finding vulnerabilities before the bad guys do.

Hive.id

Seed Round in 2019
Hive Identity, backed by Startup Wise Guys, was founded with a simple guiding mission: to make identity easy and secure. Since 2019, the company has been delivering against that goal, connecting a person’s online and real-world identities and letting them authenticate to services effortlessly and without passwords. The company’s Modern Identity Platform helps organizations of all sizes to drive down fraud risk at onboarding and beyond.

LOKI

Seed Round in 2019
LOKI Inc. develops LOKI, a cyber-security smart home device. The device allows users to manage and secure networks from cyber attacks. It provides cloud based single point management cybersecurity and network management services for small medium enterprises (SMEs) using software-defined wide-area network (SD-WAN) technology in a software as a service (SaaS) model. Its features include firewall, antivirus, web filter, captive portal, intrusion prevention, and logging systems. LOKI Inc. was founded in 2017 and is based in Izmir, Turkey.

Cyex

Pre Seed Round in 2019
Cyex OÜ, founded in 2018 and based in Tallinn, Estonia, develops an artificial intelligence-based cybersecurity platform known as Cyex Rootino. This platform is designed to generate personalized cybersecurity exercises tailored to the specific threats faced by different industries and clients. By utilizing organization and department-based cyber simulations, Cyex enables users to find, track, and enhance their cybersecurity awareness in a centralized manner. The system employs personalized learning techniques that foster user engagement, motivation, and emotional connection to cybersecurity, ultimately helping organizations recognize various risks and prevent potential cyber attacks.

Cyber Struggle

Pre Seed Round in 2019
Cyber Struggle, founded in 2016 and based in Tallinn, Estonia, specializes in cybersecurity training and certification services. The company recognizes the complexities of modern cyber threats, advocating for an integrated approach that combines various disciplines, including criminology and psychological warfare, alongside traditional technical skills. Cyber Struggle emphasizes the importance of soft skills such as teamwork, leadership, and mental resilience, ensuring that individuals are not only technically proficient but also capable of performing under pressure. Their training programs focus on creating a comprehensive security perspective, equipping cybersecurity professionals to navigate the challenges of cyber-terrorism effectively. By utilizing advanced methodologies, including human-machine relations and simulation platforms, Cyber Struggle fosters a realistic learning environment that prepares individuals to handle the dynamic nature of cybersecurity threats.

WebTotem

Pre Seed Round in 2019
LLC WebTotem develops and offers software for Website security monitoring and defense. The company provides plan, which includes standard, professional, and custom plan. LLC WebTotem was founded in 2016 and is based in Tallinn, Estonia.

Hive.id

Pre Seed Round in 2019
Hive Identity, backed by Startup Wise Guys, was founded with a simple guiding mission: to make identity easy and secure. Since 2019, the company has been delivering against that goal, connecting a person’s online and real-world identities and letting them authenticate to services effortlessly and without passwords. The company’s Modern Identity Platform helps organizations of all sizes to drive down fraud risk at onboarding and beyond.

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.

Trapmine

Pre Seed Round in 2017
TRAPMINE Endpoint Protection Platform provides fool-proof defense against malware, exploit attempts, file-less malware, ransomware and other forms of targeted attacks. Unlike traditional detection-based approaches like legacy antivirus, TRAPMINE combines proven and innovative technologies such as deep learning, behavior monitoring, endpoint deception and anti-exploit techniques to block cyber threats dead in their tracks. TRAPMINE's easy-deploy and lightweight solution comes with a comfortable built-in security console, at a price/performance ratio unmatchable even by the biggest names in Palo Alto. Why TRAPMINE? Cyber criminals target companies of all sizes from every industry, seeking anything that might be of value. Antivirus and other traditional security solutions are no longer efficient to protect organizations from attacks by today’s modern cyber threat actors. That’s why we founded TRAPMINE. TRAPMINE is created to solve the malware problem for all organizations at a reasonable price.

Safevox

Pre Seed Round in 2013
Safevox is a developer of a secure voice and messaging application that prioritizes communication privacy. The platform employs end-to-end encryption, generating unique encryption keys for each contact in a user's address book. This approach ensures that intercepted communications cannot be decrypted, allowing users to make calls and send messages with a high level of security. Safevox aims to empower individuals by giving them control over their communication privacy, enabling safer interactions in an increasingly digital world.
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