Prewave Receives €18 Million Investment

Prewave has raised €18 million in a Series A funding round. The startup will be able to predict risks in the supply chains of customers such as BMW, PwC and Lufthansa with this investment. Prewave's round was led by Creandum. Existing investors KOMPAS, Ventech, seed+speed, Segnalita, Speedinvest, Working Capital Fund and xista science also participated in this round. In recent years, supply chain disruptions have come with significant costs for many reasons, including pandemics, international conflicts and ESG events.

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Supply Chain Risk Platform Prewave

Today, as calls for sustainability increase and broader geographical and climatic conditions emerge, the management of supply chains is becoming increasingly complex. Companies now face increasing challenges related to their supply chains, including ESG concerns, disruption, visibility and compliance. Prewave, established in 2017, aims to make supply chains more resilient and manageable. The startup offers a risk management and compliance platform and has received €18 million in investment to scale.

Austrian company Prewave aims to help its customers anticipate, find, understand and categorize risks in their supply chains by offering an AI-powered platform for supply chain risks. Prewave provides customers with a dynamic supplier risk score derived from big data supply chain analysis. Thereby enabling businesses to monitor their entire supply chain and equip them with the ability to minimize risk and improve individual supplier performance. The startup is currently being used by clients such as BMW, PwC and Lufthansa, looking to scale their plans with the ability to easily comply with international regulations.