# WaveBL

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

- Industry: Financial Services
- Headquarters: Kfar Sava, Israel
- Website: www.wavebl.com
- Total disclosed funding: $26M
- Latest round: Series B (Jan 11, 2024)
- Investors on record: 5

## About

Based in Israel, and founded in 2015 by Yair Sappir, and Or Garbash, OGY Docs Inc., trading as WaveBL, operates as a digital platform that leverages blockchain technology to enable the electronic transfer of trade documents. In June 2023, WaveBL raised USD 26 million in series B funding led by NewRoad Capital Partners, with participation from another new investor, Reefknot Investments. Returning investors, Contour Venture Partners, Techstars Central LLC, ZIM Integrated Shipping Services Ltd., and individual investors also participated in the round. As of April 2023, the company has a presence in 100 countries, facilitated over 333,500 eBL issuances, and serves 8,800 users. The company is led by its CEO Noam Rosenfeld.

OGY Docs Inc. develops a platform that issues and transfers eMBLs between participants, streamlining each stage of the process. Its platform also provides an automatic and comprehensive audit trail for insurance or ownership disputes and a digital archive. The platform also supports the digitalization of all negotiable and non-negotiable Documents of Titles, certificates, and other trade documents, including letters of credit. The company's client base includes Ocean Carriers, cargo Owners, freight Forwarders/NVOCCs, and banking Institutions.

The company plans to use the series B funding to support business growth and market expansion for the digital electronic industry.

## Funding rounds

- Series B, Jan 11, 2024 — NewRoad Capital Partners
- Series B, Jun 6, 2023, $26M — Contour Venture Partners, Tech stars, NewRoad Capital Partners, ZIM Integrated Shipping Services Ltd., Reefknot Investments

## Investors

- Contour Venture Partners (https://capitalatlas.ai/funds/contour-venture-partners) — Series B
- Tech stars — Series B
- NewRoad Capital Partners (https://capitalatlas.ai/funds/newroad-capital-partners) — Series B
- ZIM Integrated Shipping Services Ltd. — Series B
- Reefknot Investments (https://capitalatlas.ai/funds/reefknot-investments) — Series B