OverviewSuggest Edit

Wazoku is an idea management company who believes in the power of great ideas and helps businesses of all sizes to uncover, filter and prioritise great ideas. Wazoku’s core platform is Idea Spotlight, a web-based idea management tool that captures, filters and prioritises the ideas generated within a business or community. Whether ideas for new revenue streams, marketing campaigns, sources of new customers or ways to improve efficiency, Idea Spotlight lets everyone submit and collaborate on ideas with an equal voice. The challenge function can be used to encourage ideas to help solve a specific business problem. Idea Spotlight makes idea management social. People can share ideas with colleagues, nominate reviewers and decision-makers, vote on ideas and submit questions and comments. 
TypePrivate
Founded2011
HQGreater London, GB
Websitewazoku.com
Employee Ratings4

Latest Updates

Employees (est.) (Mar 2021)71
Cybersecurity ratingBMore

Key People/Management at Wazoku

David Byrne

David Byrne

CFO
Chris Bailey

Chris Bailey

IT Director
Rosemarie Diegnan

Rosemarie Diegnan

CS&PO, Co-Founder
Sarah Counts

Sarah Counts

Senior Director, Operations
Simon Hill

Simon Hill

CEO & Founder
Kathryn Layland

Kathryn Layland

Chief Revenue Officer
Show more

Wazoku Office Locations

Wazoku has an office in Greater London
Greater London, GB (HQ)
3 Lower Thames St
Show all (1)

Wazoku Financials and Metrics

Summary Metrics

Founding Date

2011

Wazoku total Funding

$8.9 m

Wazoku latest funding size

$1.58 m

Time since last funding

9 months ago

Wazoku investors

Wazoku's latest funding round in July 2020 was reported to be $1.6 m. In total, Wazoku has raised $8.9 m
Show all financial metrics

Wazoku Revenue

Cash (31-Mar-2019)

599.4k
GBPFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.2m857.3k360.4k484.7k599.4k

Accounts Receivable

173.1k128.0k300.3k378.3k718.0k

Current Assets

1.4m1.0m743.0k1.3m2.0m
FY, 2015

Financial Leverage

2.5 x
Show all financial metrics

Wazoku Acquisitions / Subsidiaries

Company NameDateDeal Size
InnoCentiveJuly 11, 2020

Wazoku Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Wazoku Online and Social Media Presence

Embed Graph

Wazoku News and Updates

Wazoku Book 'One Smart Crowd' Celebrates the Power of the Crowd to Address Some of the World's Most Complex Challenges

New book illustrates the potential of crowdsourcing and open innovation, focusing on the individuals that comprise the crowd

Wazoku Acquires US Open Innovation Leader InnoCentive and Raises Additional £1.25M to Support Global Growth

Idea management scaleup creates unique proposition for crowdsourcing, idea management and open innovation on one platform

London-based idea management platform Wazoku acquires US rival and raises additional €1.4 million for global expansion

The idea management software and services firm Wazoku today announced a new funding round of €1.4 million, led by Calculus Capital and supported by other shareholders and members of the Wazoku management team. Also, Wazoku is continuing its expansion with the acquisition of US open innovation firm I…

Wazoku buys US rival to enter North American market

UK idea managements software company raises £1.25m to support expansion Wazoku buys US rival to enter North American market

InnoCentive Partners With Wazoku to Create the World's Most Powerful Innovation Platform and Community

WALTHAM, Mass., Feb. 11, 2020 /PRNewswire/ -- Open innovation firm InnoCentive has announced a major new partnership with U.K. idea management scaleup Wazoku, which will create the world's most comprehensive and powerful innovation platform and community. Wazoku's Idea Spotlight...

Wazoku Blogs

UK local authorities join innovation programme that aims to save one billion pounds by 2022

New £Billion Challenge encourages the sharing and development of innovation and income generation ideas to save and make money in local government London, 03 December 2020 – UK local authorities have come together to join a new initiative that will allow them to collaborate and innovate in new ways …

Public sector innovation recognised at the Smarter Working Live awards

Idea management scale-up expands international reach via partnership that combines local market expertise with global technology London, United Kingdom. 19 November 2020 – Idea management software and services firm Wazoku is partnering with innovation consultancy Schumpit, extending Wazoku’s recent …

Wazoku partners with Schumpit to drive innovation in Spain, Catalonia and Portugal

Idea management scale-up expands international reach via partnership that combines local market expertise with global technology London, United Kingdom. 19 November 2020 – Idea management software and services firm Wazoku is partnering with innovation consultancy Schumpit, extending Wazoku’s recent …

InnoCentive partners with Habitat for Humanity to find innovative solutions for sustainable construction and demolition waste management

Wazoku brings innovation services to Latin America via new partnership with Transforme Latest international expansion for idea management firm targets the rapidly growing innovation market in Latin America London, United Kingdom. 10 November 2020 – Idea management software and services firm Wazoku h…

Wazoku brings innovation services to Latin America via new partnership with Transforme

Wazoku brings innovation services to Latin America via new partnership with Transforme Latest international expansion for idea management firm targets the rapidly growing innovation market in Latin America London, United Kingdom. 10 November 2020 – Idea management software and services firm Wazoku h…

Sustainable Innovation: SDG 13 – Our Journey to Wazoku becoming Carbon Neutral

Wazoku is both a for profit and a for-purpose business. We see innovation and sustainability as core pillar of our business. In a year of challenges, triumphs and chaos, Wazoku has recently achieved a hugely important milestone in our sustainability journey – as a business, we are now officially car…
Show more

Wazoku Frequently Asked Questions

  • When was Wazoku founded?

    Wazoku was founded in 2011.

  • Who are Wazoku key executives?

    Wazoku's key executives are David Byrne, Chris Bailey and Rosemarie Diegnan.

  • How many employees does Wazoku have?

    Wazoku has 71 employees.

  • Who are Wazoku competitors?

    Competitors of Wazoku include ITONICS, Z2Data and LabVantage Solutions.

  • Where is Wazoku headquarters?

    Wazoku headquarters is located at 3 Lower Thames St, Greater London.

  • Where are Wazoku offices?

    Wazoku has an office in Greater London.

  • How many offices does Wazoku have?

    Wazoku has 1 office.