Wakeo Raises €18M in Funding


Wakeo, a Paris, France-based provider of a platform for real-time visibility on intercontinental multimodal flows, raised €18M in funding.

The round was led by Statkraft Ventures, alongside continued investments from existing investors Promus Ventures, 360 Capital, 50 Partners and Techstars.

The company intends to use the funds to support international expansion and the execution of its product roadmap.

Founded in 2016 and led by CEO Julien Cote, Wakeo provides a SaaS platform that brings real-time visibility to multimodal intercontinental transport flows. By leveraging intelligent analytics and predictive capabilities, the system provides supply chain teams with intelligent Estimated Time of Arrivals (ETAs) of their shipments to anticipate disruptions. With reliable data and ETAs, supply chain leaders can enhance their supply chain performance by optimizing transport plans, reducing emergency costs and improving inventory management. By proactively communicating expected delays to all stakeholders, they can ultimately provide a better customer experience.

Wakeo operates transport flows in over 180 countries and is trusted by leading shippers from various industries, such as Uniqlo, Michelin, Corteva, Forvia, Hilti, B. Braun, Majid Al Futtaim as well as renowned global freight forwarders such as Ceva Logistics, Clasquin, Blue Water Shipping, Fracht, Berger Logistik and AT&L.