WaveBL, the innovative leader in the digital trade document sector, has successfully secured an additional $11m in funding from new investors, specializing in the bulk-liquid and smart logistics sectors.
This significant influx of capital builds upon the previous Series B funding round led by NewRoad Capital Partners, bringing the total to a substantial $37 million.
This latest investment is earmarked to bolster WaveBL’s position at the forefront of the digital trade sector. By expanding its offerings and supporting innovative scenarios, WaveBL aims to establish new benchmarks in trust and efficiency within international trade.
WaveBL’s platform is renowned for its pivotal role in transforming the trade industry. Utilizing robust, patented blockchain technology, the company ensures the secure, swift, and authenticated transfer of electronic Bills of Lading and related trade documents. WaveBL’s solution is widely trusted among the world’s largest ocean carriers, freight forwarders, and key industry players, ensuring compliance with universal processes and regulations.
The company’s vision is to provide a comprehensive digital trade documents solution, from issuance to customs. This vision is bolstered by the recent investment from ventures deeply embedded in the supply chain and trade finance sectors. These strategic investments are set to accelerate WaveBL’s plans, offering a secure solution for transferring unique documents across various domains globally.
WaveBL CFO Micha Shahaf commented on the company’s success, stating, “This additional funding illustrates the importance of moving to digital documents for the global trade industry and the interest of the investor community in our WaveBL platform.”
Echoing Shahaf’s sentiments, WaveBL CEO Noam Rosenfeld added, “The investment round further emphasizes the significance of our robust patented blockchain-based technology for international trade.
“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.”
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