Estonian Accelerator Startup Wise Guys Secures ?1M Deal For Alumni Teams

Tallinn-based tech accelerator Startup Wise Guys - yes, really - has struck a useful deal for the alumni companies that pass through its programme. It's secured a deal with a venture investor SmartCap, an Estonian based VC, where it will commit ?1 million into SWG alumni companies that have a local presence. SmartCap invests along with independent co-investors on a 50-50% basis and often takes a role of the lead investor.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/oXbHOi0EGrk/

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