London-based future of work startup Wazoku has raised £8.5 million in funding to support the research and development of its work management platform.
The Series B round was backed by Octopus Ventures along with participation from Calculus Capital.
The new cash will be utilized for further internationalization and hyper growth.
In 2020, Wazoku raised £1.25 million from the Enterprise Investment Scheme (EIS) and Calculus Capital.
Wazoku has also announced the acquisition of the Danish intelligence platform Mindpool.
The acquisition is it’s third in three years. Mindpool, backed by investors such as Game of Thrones star Nikolaj Coster-Waldau, captures employee insight to improve organizational performance.
The acquisition 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 its reach and presence even further in Denmark and across Europe.
Founded in 2011, the AI-powered platform Wazoku facilitates digital communication between workspaces and contains a suite of products used for tasks such as talent scouting and supply chain management.
The platform is currently used by the likes of NASA, Enel, HSBC, and Shell.
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