# Prewave

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prewave

- Industry: Software
- Headquarters: Vienna, Austria
- Website: www.prewave.com
- Total disclosed funding: $97M
- Latest round: Series B (Jun 25, 2024)
- Investors on record: 12

## About

Based in Austria, Prewave GmbH specializes in supply chain risk management solutions, employing advanced artificial intelligence and predictive analytics to deliver real-time insights into supplier risks.Prewave GmbH, founded in 2017, operates from Vienna, Austria, and focuses on providing innovative supply chain risk management solutions. The company has secured USD 67.00 mn in its most recent funding round, the Series B, led by Hedosophia, with participation from Creandum, Ventech, Kompas, Speedinvest, and Working Capital Fund. The founder, Harald Nitschinger, has a background in technology and entrepreneurship, having co-founded the company with Lisa Smith. Prewave has completed a total of 5 deals, with its latest deal occurring on June 25, 2024.Prewave specializes in supply chain risk management solutions, leveraging artificial intelligence and predictive analytics to provide real-time insights into supplier risks. Their core product offerings include AI Supply Chain Monitoring, which evaluates over 150 different risk factors across a company’s supply base, and the 360° Supplier Scoring system that assesses the health of suppliers. This platform aids businesses in building resilient, cost-effective supply chains while ensuring compliance with complex regulations such as the Carbon Border Adjustment Mechanism (CBAM) and other sustainability directives. Prewave serves a diverse client base across industries, including automotive, pharmaceuticals, manufacturing, semiconductors, and electronics, with clients in Europe, North America, and Asia.Prewave operates on a subscription-based revenue model, allowing clients to access tools and services tailored to their specific needs. Transactions occur primarily on a B2B basis, with businesses subscribing to utilize features like risk assessments and compliance monitoring. Major corporations, including Magna International and Yanfeng, leverage Prewave’s capabilities for effective supplier risk management and regulatory compliance. The financial structure is designed to enhance client satisfaction while providing necessary tools for proactive risk management and sustainability compliance, integrating seamlessly into clients' operational frameworks.In June 2024, Prewave GmbH raised USD 67.00 mn in Series B funding, led by new investor Hedosophia. The company plans to utilize this funding to expand its operations and enhance product research and development focused on its unique AI technology. Prewave aims to introduce upcoming product innovations designed to further streamline supply chain risk management and compliance solutions. Additionally, the company is targeting expansion into new markets across Europe, North America, and Asia, with a strategy to broaden its client base and enhance product offerings by the end of 2025.

## Funding rounds

- Series B, Jun 25, 2024, $67M — Ventech, Creandum, Speedinvest, Hedosophia, Working Capital Fund, Kompas
- Series A, May 9, 2023, $20M — Ventech, Creandum, Speedinvest, Segnalita Ventures, Working Capital Fund, Kompas, Xista Science Ventures, seed + speed Ventures
- Series A, Sep 21, 2022, $11M — Ventech, Speedinvest, aws Fondsmanagement, Seed and Speed Ventures, Segnalita Ventures, Working Capital Fund, Kompas, Xista Science Ventures
- Seed, Jun 16, 2020 — Speedinvest, aws Fondsmanagement, Seed and Speed Ventures, Segnalita Ventures
- Seed, May 1, 2018 — Speedinvest, Pioneers Ventures

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A, Series B
- Pioneers Ventures (https://capitalatlas.ai/funds/pioneers-ventures) — Seed
- aws Fondsmanagement (https://capitalatlas.ai/funds/aws-fondsmanagement) — Seed, Series A
- Seed and Speed Ventures (https://capitalatlas.ai/funds/seed-and-speed-ventures) — Seed, Series A
- Segnalita Ventures — Seed, Series A
- Ventech (https://capitalatlas.ai/funds/ventech) — Series A, Series B
- Working Capital Fund (https://capitalatlas.ai/funds/working-capital-fund) — Series A, Series B
- Kompas (https://capitalatlas.ai/funds/kompas) — Series A, Series B
- Xista Science Ventures (https://capitalatlas.ai/funds/xista-science-ventures) — Series A
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A, Series B
- seed + speed Ventures — Series A
- Hedosophia (https://capitalatlas.ai/funds/hedosophia) — Series B