What is Wazoku?
Wazoku operates an Enterprise Innovation Platform designed to facilitate idea management, open innovation, and provide comprehensive innovation consulting services. The platform is underpinned by Wazoku's proprietary challenge-driven innovation methodology, enabling organizations to scale their innovation efforts effectively. The company serves a global clientele, including major corporations such as AstraZeneca, HSBC, NASA, and Waitrose, empowering them to harness the collective intelligence of their employees, clients, and external networks to generate novel ideas as part of a broader innovation strategy.
How much funding has Wazoku raised?
Wazoku has raised a total of $17.3M across 6 funding rounds:
Unspecified
$1.2M
Debt
$828K
Private Equity
$3.1M
Other Financing Round
$1.6M
Debt
$2M
Series B
$8.5M
Unspecified (2014): $1.2M with participation from Cambridge Angels and New Model Venture Capital
Debt (2017): $828K led by Barclays
Private Equity (2019): $3.1M supported by Enterprise Investment Scheme and Calculus Capital
Other Financing Round (2020): $1.6M featuring Calculus Capital Limited
Debt (2022): $2M backed by SaaS Capital
Series B (2022): $8.5M with participation from Calculus Capital and Octopus Ventures
Key Investors in Wazoku
Calculus Capital
Calculus Capital is a London-based investment manager specializing in tax-efficient growth capital for UK smaller companies, managing venture capital trusts (VCTs) and enterprise investment scheme (EIS) funds that invest in high-growth technology, healthcare, and creative industries businesses.
Octopus Ventures
Octopus Ventures is a founder-focused venture capital firm backing mission-driven companies across software, climate, health, consumer, and financial technology, offering long-term capital, guidance, and community.
Barclays
Barclays PLC is a British multinational universal bank providing a wide range of financial services globally, including retail banking, corporate and investment banking, wealth management, and credit cards.
What's next for Wazoku?
The substantial enterprise-level and strategic investments Wazoku has attracted indicate a strong market validation for its innovation management solutions. This capital infusion is expected to fuel further platform development, expand its market reach, and enhance its consulting services. The company is well-positioned to capitalize on the growing demand for structured innovation processes within large enterprises seeking to maintain a competitive edge through continuous idea generation and strategic foresight.
See full Wazoku company page
