Hedosophia, an investment company, led a €63m Series B funding in Prewave, a software company, with participation from Creandum, Ventech, Kompas, Speedinvest and Working Capital Fund. “We founded Prewave because we are convinced that data and AI can play a major role in making supply chains more transparent, resilient and sustainable – and help to power the vital currents of global economic progress. We believe that in the face of rapidly accelerating regulatory complexity, businesses shouldn’t be aiming to take a tick-box approach, but to use regulatory compliance as a vehicle to become more resilient. We’ve seen strong demand from leading European brands who have recognised that Prewave can help them protect their reputation, improve performance and increase profitability. This funding will now allow us to accelerate our global expansion, with the US market our top priority for growth,” Harald Nitschinger, Prewave Co-Founder and Managing Director.