Electronic bills startup, WaveBL, has secured $26 million in Series B funding, led by NewRoad Capital Partners. Existing investors also participated in the round, including ZIM, Marius Nacht, Contour Venture Partners, Frank Sica, Techstars Central LLC and Reefknot Investments, a new investor backed by Temasek and Kuehne + Nagel
WaveBL's digital platform, led by former leaders and experts from the Israel Defense Forces, is recognized for its electronic transfer of trade documents. By utilizing its proprietary blockchain technology, WaveBL enables instant, secure, and authenticated transfers of unique electronic trade documents, ensuring compliance with universally accepted processes and regulations. Major ocean carriers and NVOCCs, such as MSC, ZIM, Hapag Lloyd, ONE, Leschaco, and Saco, trust WaveBL's multi-carrier platform.
Gary Adams, Operating Partner at NewRoad Capital Partners and former Supply Chain Officer at Walmart, will be joining WaveBL's board of directors following this funding round.
The Tel Aviv-based company aims to use the funding to fuel its global expansion and market growth.
