Wegrow funding news – Paris-based Wegrow Secures €7 Million in Series A Round Funding

It's AI-powered platform eliminates the need to "reinvent the wheel," which is an expensive and pervasive problem in large organizations. According to a Harvard Business Review estimate, this inefficiency costs Fortune 500 organizations over $31 billion a year.

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It facilitates the collection, sharing, and reuse of company best practices, saving time and increasing profits for large groups by dismantling current silos across multiple regions, business areas, and roles. It's value addition becomes more apparent, especially in light of Meta's recent revelation that Workplace will be retiring.

Arnaud Sliwa, CEO and Founder of Wegrow said, “Whenever a team reinvents the wheel instead of re-using a proven best practice, they and their company waste time and money, Having spent 15 years in multinational corporations like Danone, Suntory, and General Mills, I was shocked to see how much time and money was wasted due to this. Our mission at Wegrow is to eradicate this problem, which affects any company operating from several locations.”

It's strategy, which puts people at the center of the process and emphasizes the value of human expertise and collaboration in addressing business difficulties, stands apart as firms increasingly look to AI to enhance productivity. Wegrow's AI-driven solution provides solutions to important business queries like "What best practices can help me achieve my goals this month?" and "How can I solve this issue?"

Wegrow helps multinational corporations achieve tangible outcomes by providing pertinent and actionable ideas. With clients from the food and beverage, technology, and pharmaceutical industries, including Mondelez, Bayer, Campari, HP, Kraft Heinz, Nestlé, Henkel, and Suntory, the Wegrow platform serves a rapidly growing and diverse clientele.

Wegrow plans to use the fresh funding to develop AI-driven solutions that are specifically tailored for finance, supply chain, research and development, and human resources departments, extending the platform's functionalities beyond marketing and sales. In the end, three things count, according to Arnaud: reducing costs, enhancing engagement, and saving time. Every department operates differently, and in the future, we will be distinguished by our capacity to adjust to these particular procedures and provide the proper best practice at the appropriate moment.

Borja Breña, Partner at Nauta Capital, added: “Every company in the world is trying to increase productivity and profits and reduce inefficiencies and waste of resources. Wegrow enables large companies to achieve all of the above by connecting and curating their teams’ knowledge base. Their AI-assisted solution ensures maximum engagement and adoption across the organisation. We were impressed by how much value clients recognised they had obtained from using Wegrow and understood why many blue-chip companies are now Wegrow customers.”

About Wegrow

Wegrow aspires to be the top digital platform where businesses can effectively exchange and use best practices, fostering better teamwork and more profitability. Their goal is to revolutionize how businesses handle best practice sharing and growth. They think they can boost margin growth and return on investment by enabling teams to readily share their expertise.