WaveBL, a Tel Aviv, Israel-based provider of electronic bills, raised $26M in Series B funding.
The round was led by NewRoad Capital Partners, with participation from existing investors ZIM, Marius Nacht, Contour Venture Partners, Frank Sica, Techstars Central, and Reefknot Investments. Following this round, Gary Adams, Operating Partner at NewRoad Capital Partners, and former Supply Chain Officer at Walmart, will join WaveBL’s board of directors.
The company intends to use the funds to expedite its growth by increasing its employee base, primarily in sales, marketing, and R&D.
Led by CEO Noam Rosenfeld, WaveBL is a digital platform using proprietary blockchain technology to electronically transfer trade documents. The solution enables the instant, encrypted, and authenticated transfer of electronic bills and related trade documents. The platform complies with universal processes and regulations in use.
The multi-carrier platform is used by the world’s largest ocean carriers and NVOCCs, including MSC, ZIM, Hapag Lloyd, ONE, Leschaco, and Saco.
FinSMEs
06/06/2023