WaveBL, a Wilmington, DE-based digital trade document company, raised $11M in Additional funding.
The round, which brought the total amount of Series B to $37M, saw participation from new unnamed investors.
The company intends to use the funds to solidify its position by expanding new offerings and supporting scenarios.
Led by CEO Noam Rosenfeld, WaveBL is a digital platform using proprietary blockchain technology to electronically transfer trade documents. Its solution enables the instant, encrypted, and authenticated transfer of electronic Bills of Lading and related trade documents. The platform complies with universal processes and regulations in use and it is designed to meet the needs of all parties involved in trade, including shipping companies, agents, brokers, and banks.
Commenting on the news, Noam Rosenfeld said: “The additional investment, originating from strategic ventures deeply rooted in the supply chain and trade finance, will expedite our plans to offer a comprehensive digital trade documents solution from issue to customs. It bolsters our vision for a secure solution in transferring original and unique documents for every requirement across any domain worldwide.”
FinSMEs
11/01/2024