Wakeo raises €18 million for its international transport visibility solution
Par Ibrahima DIALLO
5 December 2023 / 08:27

Wakeo has completed an €18 million financing round, which will be used to develop the internationalisation and impact of its multimodal visibility platform.

Wakeo, the visibility specialist dedicated to intercontinental transport, is raising €18 million with the backing of Statkraft Ventures and its historic investors Promus Ventures, 360 Capital, 50 Partners and Techstars.

We are pleased to support Wakeo's vision for a more resilient and sustainable supply chain," says Stefan Hülsen, Managing Director of Statkraft Ventures. Wakeo's innovative solutions provide a holistic approach that enables supply chain managers to make more informed decisions that balance reliability and sustainability. This fits in perfectly with Statkraft Ventures' commitment to promoting companies that participate in the transition to a sustainable economy.

The funds raised will be invested in Wakeo's international expansion and the execution of its product roadmap, as well as in its commitment to reducing its customers' carbon footprint.

Environment first

According to Wakeo, "17% of global emissions are due to freight transport". While most decisions today are motivated by economic considerations, the company is innovating with an environmental approach to transport operations.

It enables supply chain managers to reinvigorate their decision-making processes and make informed choices by combining cost, reliability and environmental impact. Its new Trusted Routes solution, launched last September, is part of this approach.

It offers the ability to compare and assess the reliability and carbon footprint of all trade routes. Founded in 2016, Wakeo currently manages transport flows in over 180 countries.

Olivier ROUSSARD voxlog 

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