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December 6, 2023

Paris-Based Wakeo Secures €18 Million, Surpassing €30 Million Milestone

In a game-changing move, Wakeo, the Parisian trailblazer, is turning the tide for global supply chains

In a significant stride towards revolutionizing supply chain visibility, Paris-headquartered Wakeo proudly unveiled its latest financial achievement today—an impressive €18 million injection in its latest funding round. This milestone catapults the company's total funding to an impressive sum exceeding €30 million, marking a substantial vote of confidence from investors in the potential of its innovative solutions.

Since its inception in 2016, Wakeo has been at the forefront of providing cutting-edge Software as a Service (SaaS) solutions. The company's mission revolves around delivering real-time insights into intercontinental multimodal freight transport flows. Fueling this ambition is an algorithmic marvel that powers Wakeo's platform, offering supply chain teams intelligent Estimated Time of Arrivals (ETAs). This foresight enables these teams to proactively anticipate disruptions, empowering them to make informed decisions.

Supply chain leaders leveraging Wakeo's platform gain a significant edge in enhancing overall performance. Armed with reliable data and precise ETAs, organizations can optimize transport plans, reduce emergency costs, and streamline inventory management. The proactive communication of expected delays to all stakeholders contributes to an improved customer experience, cementing Wakeo's role as a catalyst for operational excellence.

Wakeo's impact spans across 180 countries, a testament to its global reach and influence. The recent funding round, spearheaded by Statkraft Ventures with continued support from existing investors such as Promus Ventures, 360 Capital, 50 Partners, and Techstars, positions Wakeo for even more substantial growth. These funds will be instrumental in supporting the company's international expansion, executing its product roadmap, and fulfilling its commitment to sustainability.

A noteworthy aspect of Wakeo's mission is its dedication to sustainability. With a keen awareness that 17 percent of global emissions originate from the transportation of goods, the company doesn't merely provide solutions; it actively contributes to a greener future. Wakeo's platform not only offers a precise measurement of transport emissions but also aids global organizations in reducing their carbon footprint—a crucial step in addressing the environmental challenges of our time.

Julien Cote, CEO and Co-Founder at Wakeo, expressed profound enthusiasm about the latest developments. "We are incredibly delighted by the trust from Statkraft Ventures as they join us in our journey to become the global leader in supply chain visibility," remarked Cote. This partnership promises mutual benefits, tapping into Statkraft's international footprint, climate-focused DNA, and a portfolio comprising outstanding players like Deepki, Zolar, Skyspecs, and Metaloop.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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