# Wazoku

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

- Industry: Software
- Headquarters: London, UK
- Website: www.wazoku.com
- Total disclosed funding: $13M
- Latest round: Series B (Sep 14, 2022)
- Investors on record: 2

## About

Based in the UK, Wazoku Ltd. operates an innovative platform that facilitates idea management and innovation processes through advanced AI technologies, enhancing collaboration and creativity within organizations.Founded in 2011 and headquartered in London, UK, Wazoku Ltd. specializes in providing a comprehensive innovation management platform. The company has engaged in 8 funding deals, with the latest being a Series B round in September 2022, where they raised GBP 8.30 million led by Octopus Investments. The founders, Rosemarie Diegnan and Simon Hill, contributed to the establishment of Wazoku, which aims to streamline innovation across diverse sectors.Wazoku specializes in providing an AI-enabled Innovation Ecosystem Platform that integrates Market Intelligence, Innovation Management, and Ecosystem Management solutions. Their core offerings include a comprehensive suite of tools designed to facilitate Total Innovation, enabling organizations to capture, develop, and scale ideas across their innovation ecosystems. Specifically, Wazoku’s solutions address the challenges of siloed information and disconnected innovation processes by connecting users with a global network of problem solvers, start-ups, and experts. The platform, powered by their proprietary AI assistant, Jen, allows clients to manage innovation from insight to impact, thereby enhancing decision-making and aligning innovation efforts with strategic goals. Wazoku serves a diverse client base across various sectors, including defense, healthcare, and energy, with its products primarily marketed in North America, Europe, and parts of Asia.Wazoku generated revenue of GBP 7,626,730.60 in 2023, with an EBITDA of GBP -549,629.80. The company operates on a subscription-based model that provides clients access to its suite of innovation management tools and resources through annual or multi-year contracts. Additionally, Wazoku offers consulting services to assist organizations in developing and implementing customized innovation strategies, further enhancing client engagement and satisfaction.In September 2022, Wazoku Ltd. raised GBP 8.30 million in Series B funding, which will be utilized to expand research and development across its product suite, internationalization efforts, and potential acquisitions over the next two years. The company plans to target new markets for expansion, although specific regions have not been disclosed. Wazoku aims to develop upcoming products designed to enhance their existing platform, with details on release dates currently unavailable.

## Funding rounds

- Series B, Sep 14, 2022, $9.5M — Calculus Capital, Octopus Investments
- Series A, Apr 1, 2019, $3.3M — Calculus Capital

## Investors

- Calculus Capital (https://capitalatlas.ai/funds/calculus-capital) — Series A, Series B
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series B