Software startup Wegrow has raised €7 million in a Series A funding round.
Wegrow’s AI-powered platform solves the problem of companies repeatedly trying to "reinvent the wheel".
Wegrow breaks down the existing silos between different geographies, business areas and functions within a large group, enabling them to save time and boost profits by streamlining the collection, sharing, and reuse of business best practices.
This value-add from Wegrow comes into sharper focus, notably given the recent announcement of Meta retiring Workplace.
“Whenever a team reinvents the wheel instead of re-using a proven best practice, they and their company waste time and money” said Arnaud Sliwa, CEO and Founder of Wegrow.
“Having spent 15 years in multinational corporations like Danone, Suntory, and General Mills, I was shocked to see how much time and money was wasted due to this. Our mission at Wegrow is to eradicate this problem, which affects any company operating from several locations.”
Wegrow’s proprietary rating system intelligently matches best practices to the right users at the right time in a secure environment, helping businesses save time and money while driving significant ROI (up to 30 times).
The Wegrow platform supports a rapidly expanding and diverse client base, featuring industry leaders from sectors such as food and beverage, technology, and pharmaceuticals, including Mondelez, Bayer, Campari, HP, Kraft Heinz, Nestlé, Henkel, and Suntory.
Nauta led the round, with participation from Wille Finance and existing investors Shapr Ventures, Scalefund, VU Venture Partners and she1K.
Borja Breña, Partner at Nauta Capital, added:
“Every company in the world is trying to increase productivity and profits and reduce inefficiencies and waste of resources. Wegrow enables large companies to achieve all of the above by connecting and curating their teams’ knowledge base.
Their AI-assisted solution ensures maximum engagement and adoption across the organisation. We were impressed by how much value clients recognised they had obtained from using Wegrow and understood why many blue-chip companies are now Wegrow customers.”
The new funds will allow Wegrow to expand its platform’s capabilities beyond marketing and sales, introducing customised AI-driven solutions for finance, supply chain, R&D, and human resources teams.
Lead image: Wegrow. Photo; uncredited.
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