Wegrow, a French AI-based software platform that enables companies to share and scale business best practices, has raised €7 million in a Series A funding round. Nauta (which backed HappySignals and NumberEight) led the round, with participation from Wille Finance and existing investors Shapr Ventures, Scalefund, VU Venture Partners and she1K.
Funds utilisation
The new funds will allow Wegrow to expand its platform’s capabilities beyond marketing and sales, introducing customised AI-driven solutions for finance, supply chain, R&D, and human resources teams.
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 organisation. We were impressed by how much value clients recognised they had obtained from using Wegrow and understood why many blue-chip companies are now Wegrow customers.”
What challenge does it tackle?
A recent Harvard Business Review study found that Fortune 500 companies lose approximately $31 billion annually due to the inefficiencies stemming from disconnected business practices. With rising operational costs and a shift towards remote work, businesses are under pressure to reduce inefficiencies.
Wegrow’s platform provides a timely solution, enhancing collaboration and boosting productivity.
AI-powered best practices platform
Founded by Arnaud Sliwa and Alexis Delaporte, WeGrow is an AI-powered platform that helps teams share and scale marketing, sales and operation best practices to drive efficiencies. It reduce costs by scaling and sharing best practices across organisations.
The company’s proprietary rating system 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).
Wegrow delivers synergies by breaking 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.
Its AI-powered solution offers answers to pressing business questions, such as “How can I solve this issue?” or “What best practices can help me achieve my goals this month?”
“Whenever a team reinvents the wheel instead of re-using a proven best practice, they and their company waste time and money” said Arnaud Sliwa, CEO and Founder of Wegrow. “Having spent 15 years in multinational corporations like Danone, Suntory, and General Mills, I was shocked to see how much time and money was wasted due to this. Our mission at Wegrow is to eradicate this problem, which affects any company operating from several locations.”
The Wegrow 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.
