What is Wave BL?
WAVE BL operates a leading blockchain-based digital courier platform designed to electronically replicate the traditional process of transferring original paper documents. Its core technology facilitates the instant, encrypted, and authenticated transfer of critical documents such as Bills of Lading. The platform is engineered to serve all participants within the supply chain ecosystem, from small importers to large shipping carriers and financial institutions, thereby streamlining complex logistical and financial workflows.
How much funding has Wave BL raised?
Wave BL has raised a total of $50.3M across 3 funding rounds:
Series A
$5.3M
Other Financing Round
$8M
Series B
$37M
Series A (2019): $5.3M with participation from theDOCK Innovation Hub, ZIM Integrated Shipping Services, NFX, Marius Nacht, Frank Sica, and Maersk Line
Other Financing Round (2021): $8M led by ZIM and Marius Nacht
Series B (2024): $37M supported by ZIM, NewRoad Capital Partners, and Techstars
Key Investors in Wave BL
ZIM
Founded in 1945, ZIM is an international cargo shipping company that offers multi-modal, cargo handling, tariff management, schedule information, and other related services. The company is headquartered in Haifa, Israel.
NewRoad Capital Partners
NewRoad Capital Partners is an operator-led investment firm that specializes in investing in high-growth companies within the supply chain, logistics, retail, and marketing technology sectors. The firm's experienced team of investment professionals and operating partners leverage their deep sector-specific expertise to create value through collaboration and a focus on demand-driven solutions.
Techstars
Founded in 2006, Techstars began with three simple ideasentrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs.
What's next for Wave BL?
With its recent Series B financing, Wave BL is strategically positioned for accelerated growth and market expansion. The substantial capital injection is expected to fuel further development of its innovative platform, enhance its global reach, and solidify its position as a leader in digitalizing trade documentation. This funding round signals strong investor confidence in Wave BL's business model and its potential to disrupt traditional document transfer processes within the enterprise and logistics sectors.
See full Wave BL company page
