Wegrow, a software program platform that permits corporations to share and scale enterprise finest practices, introduced right this moment that it has raised €7 million in a Sequence A funding spherical. Nauta led the spherical, with participation from Wille Finance and present traders Shapr Ventures, Scalefund, VU Enterprise Companions and she1K.
Wegrow’s AI-powered platform solves a expensive and widespread challenge at massive organisations – repeatedly making an attempt to “reinvent the wheel”. Harvard Enterprise Assessment estimated that Fortune 500 corporations lose roughly $31 billion yearly as a result of this inefficiency. Wegrow delivers synergies by breaking down the present silos between completely different geographies, enterprise areas and features inside a big group, enabling them to avoid wasting time and enhance income by streamlining the gathering, sharing, and reuse of enterprise finest practices. This value-add from Wegrow comes into sharper focus, notably given the current announcement of Meta retiring Office.
“Each time a staff reinvents the wheel as a substitute of re-using a confirmed finest apply, they and their firm waste money and time,” mentioned Arnaud Sliwa, CEO and Founding father of Wegrow. “Having spent 15 years in multinational companies like Danone, Suntory, and Basic Mills, I used to be shocked to see how a lot money and time was wasted as a result of this. Our mission at Wegrow is to eradicate this downside, which impacts any firm working from a number of places.”
Wegrow’s proprietary score system intelligently matches finest practices to the precise customers on the proper time in a safe setting, serving to companies save money and time whereas driving important ROI (as much as 30 occasions).
As companies more and more flip to AI to spice up productiveness, Wegrow’s method stands out by inserting folks on the centre of the method and emphasises the significance of human experience and collaboration in fixing enterprise challenges. Wegrow’s AI-powered answer gives solutions to urgent enterprise questions, corresponding to “How can I remedy this challenge?” or “What finest practices might help me obtain my targets this month?”
By way of actionable and related suggestions, Wegrow drives actual outcomes for international enterprises. The Wegrow platform helps a quickly increasing and numerous consumer base, that includes trade leaders from sectors corresponding to meals and beverage, expertise, and prescribed drugs, together with Mondelez, Bayer, Campari, HP, Kraft Heinz, Nestlé, Henkel, and Suntory.
The brand new funds will enable Wegrow to broaden its platform’s capabilities past advertising and gross sales, introducing customised AI-driven options for finance, provide chain, R&D, and human sources groups. Arnaud mentioned, “Finally, three issues matter: saving time, saving cash, and making the method participating. Every division has its personal workflow, and our capacity to adapt to those distinctive processes and ship the suitable finest apply on the proper time will set us aside sooner or later.”
Borja Breña, Companion at Nauta Capital, added: “Each firm on the planet is making an attempt to extend productiveness and income and cut back inefficiencies and waste of sources. Wegrow allows massive corporations to realize all the above by connecting and curating their groups’ information base. Their AI-assisted answer ensures most engagement and adoption throughout the organisation. We had been impressed by how a lot worth purchasers recognised they’d obtained from utilizing Wegrow and understood why many blue-chip corporations at the moment are Wegrow clients.”
