In a significant development, Wegrow, a software platform that enables companies to share and scale business best practices, has announced that it has raised €7 million in a Series A funding round. The round was led by Nauta, with participation from Wille Finance and existing investors Shapr Ventures, Scalefund, VU Venture Partners, and she1K. This investment will help Wegrow expand its platform's capabilities and further propel its mission to eradicate the problem of companies repeatedly trying to "reinvent the wheel."

Breaking Down Silos

Wegrow's AI-powered platform solves a costly and widespread issue at large organizations: repeatedly trying to "reinvent the wheel." According to Harvard Business Review, Fortune 500 companies lose approximately $31 billion annually due to this inefficiency. Wegrow's innovative solution breaks down the existing silos between different geographies, business areas, and functions within a large group, enabling them to save time and boost profits by streamlining the collection, sharing, and reuse of business best practices.

A New Era in Best Practice Sharing

Wegrow's proprietary rating system intelligently matches best practices to the right users at the right time in a secure environment, helping businesses save time and money while driving significant ROI (up to 30 times). The platform supports a rapidly expanding and diverse client base, featuring industry leaders from sectors such as food and beverage, technology, and pharmaceuticals, including Mondelez, Bayer, Campari, HP, Kraft Heinz, Nestlé, Henkel, and Suntory.

What's Next for Wegrow?

The new funds will allow Wegrow to expand its platform's capabilities beyond marketing and sales, introducing customized AI-driven solutions for finance, supply chain, R&D, and human resources teams. Arnaud Sliwa, CEO and Founder of Wegrow, stated, "Each department has its own workflow, and our ability to adapt to these unique processes and deliver the appropriate best practice at the right time will set us apart in the future."

Investor Insights

Borja Breña, Partner at Nauta Capital, added, "Every company in the world is trying to increase productivity and profits and reduce inefficiencies and waste of resources. Wegrow enables large companies to achieve all of the above by connecting and curating their teams' knowledge base. Their AI-assisted solution ensures maximum engagement and adoption across the organization. We were impressed by how much value clients recognized they had obtained from using Wegrow and understood why many blue-chip companies are now Wegrow customers."

With this significant investment, Wegrow is well-positioned to reshape how global organizations operate, helping them scale business best practices faster and with greater efficiency to solve problems and drive return on investment. As Wegrow continues to expand its platform's capabilities and grow its client base, it is clear that the company is on a mission to revolutionize the way businesses share and reuse best practices.