5 years ago

Wazoku Acquires InnoCentive and Raises €1.4 Million for Global Expansion

  • Wazoku, a London-based idea management platform, has raised €1.4 million in funding led by Calculus Capital

  • The company has also acquired the assets of US open innovation firm InnoCentive, creating the world's most comprehensive and powerful innovation platform and community

  • The acquisition follows a partnership earlier in 2020, and the combined platform and network offer great value to innovation-focused businesses

  • Wazoku's latest investment round brings the total amount raised to €8.21 million, reflecting the increasing demand for innovation in business.

      • ProblemSoftware

      "Making it easier for global businesses to crowdsourced solutions to complex innovation and bid data challenges, and solve their problems with the help of a large network of expert problem solvers."

      Solution

      "A comprehensive and powerful innovation platform and community, combining Wazoku's idea management software with InnoCentive's external crowd of almost 500,000 expert problem solvers, allowing companies to find solutions to their pressing business challenges and create new opportunities."

      Covered on