WaveBL secures $37m, revolutionizing digital trade.

TLDR:

WaveBL, a provider of digital trade document technology, has raised $37m in a Series B funding round. The latest funding was led by new investors from the bulk-liquid and smart logistics sectors and brings the total raised in the round to $37m. The funding will be used to support the expansion of WaveBL’s offerings and enhance trust and efficiency in international trade. Utilising patented blockchain technology, WaveBL offers a secure and authenticated platform for the transfer of electronic Bills of Lading and other trade documents.

Key points:

• WaveBL has raised $37m in a Series B funding round led by NewRoad Capital Partners, with participation from new investors in the bulk-liquid and smart logistics sectors.
• The funding will be used to support the expansion of WaveBL’s offerings and the streamlining of trust and efficiency within the international trade sector.
• WaveBL utilises patented blockchain technology to ensure the secure and swift transfer of electronic trade documents.
• This investment will help WaveBL establish a comprehensive digital trade document solution, from issuance to customs.