Funding

[Funding alert] Paris Company Wakeo Secures €18 Million in Funding

Dec 5, 2023 | By Startup Rise EU

Paris Company Wakeo secures €18 million in funding. This round was led by Statkraft Ventures, alongside continued investments from existing investors Promus Ventures, 360 Capital, 50 Partners and Techstars.

Paris Company Wakeo secures €18 million in funding. This round was led by Statkraft Ventures, alongside continued investments from existing investors Promus Ventures, 360 Capital, 50 Partners and Techstars.

In an era dominated by disruptions shaped by escalating geopolitical tensions and climate-related crises - 90% of which are affecting the supply chain - such as the Panama Canal drought, Wakeo helps to mitigate these risks and build supply chain resilience.

Read also - London-based Runna Secures £5M in Funding

The company 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.

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The investment will empower Wakeo to pursue its commitment to sustainability. A core focus area considering 17% of global emissions stem from the transportation of goods. Wakeo's solution not only provides a precise measurement of transport emissions but also helps global organizations to reduce their carbon footprint.

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Julien Cote, CEO and Co-Founder at Wakeo said, “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. Through this partnership, we will benefit from Statkraft’s international footprint, climate-focused DNA and portfolio of outstanding players like Deepki, Zolar, Skyspecs, and Metaloop.”

Stefan Hülsen, Managing Director at Statkraft Ventures said, “We are thrilled to support Wakeo's vision for a more resilient and sustainable supply chain. Wakeo's innovative solutions provide a holistic approach for supply chain leaders to make more informed decisions with a balance in reliability and sustainability - perfectly aligned with Statkraft Ventures’ dedication to supporting businesses contributing to the move towards a sustainable economy.”

About Wakeo

Wakeo is a global leader in bringing real-time visibility to multimodal intercontinental transport flows. By leveraging intelligent analytics and predictive capabilities, the platform empowers businesses to boost operational excellence and improve customer satisfaction.

Read also - German Startup Unchained Robotics Secures €5.5 Million in Funding

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