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 Ratings3.9

Latest Updates

Employees (est.) (Oct 2020)66(-1%)
Cybersecurity ratingAMore

Key People/Management at Wazoku

David Byrne

David Byrne

CFO
Alex Butucea

Alex Butucea

Director, Software Engineering
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
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Wazoku Office Locations

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

3 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
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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
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Wazoku Acquisitions / Subsidiaries

Company NameDateDeal Size
InnoCentiveJuly 11, 2020

Wazoku Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Wazoku Online and Social Media Presence

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Wazoku News and Updates

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

COVID-19: Solving challenges and leading through change

There’s no doubt the coronavirus, which causes the disease known as COVID-19, is causing mass disruption around the world. The outbreak is a human tragedy – the likes of which is a cause for great concern. It’s also having a growing impact on the global economy, forcing businesses to rethink their w…

Why you need to co-create to get ahead

If I asked you to assess the knowledge and skills of the people you work with, would you say your company boasts the smartest workforce in the world? Even if it’s a resounding yes, and you’re blessed with the most talented employees, do you think they’re organised and mobilised to solve your most co…

How to thrive in the age of disruption

Ah, the age of disruption! The future of work! The fourth industrial revolution! Futurists and thought leaders have been talking about this for some time. The world of work is changing – on a technological, political and social-cultural scale. Powerful new forms of technology are increasing our rate…

10 steps you can take to prepare for the future of work

Whatever our views are on the future of work, one thing’s for sure: times are changing. Advancing technologies are fuelling a robot-and-AI-filled future, which means we will need to innovate faster and with more agility if we hope to be relevant for the future of work. Here are 10 things your organi…

Why collaboration is crucial for the future of work

The workplace of today is so different to the workplace of 50 or even 25 years ago; it has changed completely. Everything is faster, more immediate, more accessible and more global. The workforce itself is more geographically dispersed, more transient and less tied to the physical workplace, with te…

Wazoku partners with InnoCentive to create the world’s most powerful innovation platform and community

Global partnership delivers a unique proposition for any organisation seeking to solve business challenges and drive innovation. Idea management scaleup Wazoku has announced a major new partnership with US open innovation firm InnoCentive, which will create the world’s most comprehensive and powerfu…
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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, Alex Butucea and Chris Bailey.

  • How many employees does Wazoku have?

    Wazoku has 66 employees.

  • Who are Wazoku competitors?

    Competitors of Wazoku include ITONICS, Pyramid Analytics and Mavenlink.

  • 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.