Innovation scale-up Wazoku has closed a series B funding round of £8.5 million through investment from Octopus Ventures along with follow on from existing investors including Calculus Capital.
Wazoku works with global enterprises such as NASA, Enel, HSBC, Shell and more to help them innovate at scale. It will use the funding to drive R&D across its product suite, as well as further internationalisation, acquisitions and the management of hyperscale growth over the next two years.
Wazoku has also announced the acquisition of the Danish collective intelligence platform, Mindpool, a research spinout that captures actionable employee insight to improve company performance. The acquisition, the company’s third in three years, extends the company’s collective intelligence offering driving further insights, engagement and predictions across the innovation at scale process. The Mindpool team will join the Wazoku business as part of the transaction, extending Wazoku’s reach and presence even further in Denmark and across Europe.
