Prewave, a supply chain risk management and compliance platform, has secured €18m in a Series A+ funding round led by European venture capital firm Creandum.
The platform serves hundreds of clients, including prominent companies such as BMW, PwC, and Lufthansa.
The recent funding round comes after a successful Series A investment in 2022, led by KOMPAS and Ventech. The new funds will help Prewave transition from a platform that identifies risks to one that proactively addresses and resolves risks within supply chains.
Prewave aims to be the all-in-one solution for managing supply chain risks, covering every phase of the risk lifecycle. The platform identifies, analyses, mitigates, and reports risks, ensuring a comprehensive end-to-end approach for a more transparent, resilient, and sustainable supply chain of the future.
In today’s competitive business landscape, supply chain risk management has evolved from a boardroom discussion to a strategic differentiator. Companies face mounting challenges in navigating complex supply chains, grappling with ESG concerns, disruptions, visibility, and compliance. Prewave delivers a dynamic supplier risk score, derived from big data supply chain analysis, enabling companies to monitor their entire supply chain and execute corrective and preventive measures, thereby minimizing risk and enhancing individual supplier performance.
Co-founder Harald Nitschinger said, “Prewave started 2022 with a team of 20 employees, but as a testament to its remarkable growth and success, the company has now exceeded 100 employees. Now the time has come to become the first true, end-to-end operating system for supply chain risk.”
Creandum partner Sabina Wizander said, “Prewave has built a first-of-its-kind solution that allows companies to take action on their supply chain in real-time. Its dynamic supplier risk score creates much-needed transparency. This is why we are excited to lead Prewave’s Series A+ round.”
In addition to the investment from Creandum, existing investors KOMPAS, Ventech, seed+speed, Segnalita, Speedinvest, Working Capital Fund, and xista science ventures also participated in the round.
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