Wazoku, a London, UK-based Innovation scale-up company, raised £8.5M in Series B funding.
The round was led by Octopus Ventures, with participation from Calculus Capital and existing investors.
The company intends to use the funds to expand R&D across its product suite, further internationalization, acquisitions and growth over the next two years.
Led by CEO Simon Hill, Wazoku helps the world’s largest and most complex businesses to innovate at scale. The company works with enterprises such as NASA, Enel, HSBC, Shell, among others.
Wazoku has also announced the acquisition of the Danish collective intelligence platform, Mindpool, a research spinout that captures actionable employee insight to improve company performance. Mindpool captures employee thoughts and predictions and provides actionable insights and ideas based on this collective intelligence, all geared to improving organisational performance and assessing overall company health using quantitative and qualitative data inputs.
The acquisition extends the company’s collective intelligence offering driving further insights, engagement and predictions across the innovation at scale process. The Mindpool team – founded by serial entrepreneur Mik Thobo-Carlsen, globally renowned architect Bjarke Ingels, and Dr. Carina Antonia Hallin, a collective intelligence and technology scientist at the IT University of Copenhagen – will join the Wazoku business as part of the transaction, extending Wazoku’s reach and presence even further in Denmark and across Europe.
FinSMEs
28/09/2022
28 September 2022 – Innovation scale-up has closed a series B funding round of £8.5M through investment from Octopus Ventures along with follow on from existing investors including Calculus Capital.
Wazoku works with global enterprises such as NASA, Enel, HSBC, Shell and more to help them innovate at scale. It will use the funding to drive R&D across its product suite, as well as further internationalisation, acquisitions and the management of hyperscale growth over the next two years.