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Supply chain risk intelligence platform Prewave raises €11m in Series A round led by KOMPAS and Ventech

Prewave, an AI platform that helps businesses predict, find, understand and categorise the risks affecting their suppliers, has raised €11 million in a Series A funding round co-led by KOMPAS and Ventech, who renewed its support after the company’s Seed round.

Early-stage investors aws Gründerfonds, IST cube, seed + speed, Segnalita, Speedinvest and Working Capital Fund also participated in the round. 

Prewave uses its AI-powered platform to analyse millions of online sources in more than fifty languages to find, categorise and directly address the risks that might impact supply chains. The platform covers a wide variety of risks with suppliers including human rights issues, sustainability risks and supply chain legislation compliance. Risk alerts are sent directly to businesses who can contact their suppliers to resolve issues and mitigate disruptions – something that is becoming non-negotiable as supply chain legislation continues to tighten across Europe.  

Prewave is a spin-off from Vienna University of Technology and was founded in 2017 by Dr Lisa Smith and Harald Nitschinger. The scale-up will use the investment to expand the platform’s supply chain analysis capabilities and drive customer acquisition in new European markets. Prewave will also use the investment to hire more talent with plans to double employee numbers by the end of the year.  

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