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Announced

Completed

NewRoad Capital Partners led a $26m Series B round in Wave BL.

Financials

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Transaction Value£20m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Minority

Acquisition

Private

Israel

Single Bidder

Completed

Friendly

Digital Services

electronic Bills

Cross Border

Private Equity

Synopsis

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NewRoad Capital Partners, an operator-led, demand-driven investment firm focused on innovative and growth-oriented companies in the supply chain and logistics, retail, and marketing technology sectors, led a $26m Series B round in Wave BL, a digital platform using proprietary blockchain technology to electronically transfer trade documents. "We offer blockchain technology as the new gold standard for trust between trade partners, a game changer for international trade. The investment will be used to expedite our growth by increasing our employee base, primarily in sales, marketing, and R&D." Noam Rosenfeld, Wave BL CEO.

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