Wazoku
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.
| Type | Private | |
| Founded | 2011 | |
| HQ | Greater London, GB | Map |
| Website | wazoku.com | |
| Employee Ratings | More |
Recent NewsAll News
- Wazoku Acquires US Open Innovation Leader InnoCentive and Raises Additional £1.25M to Support Global Growth
- London-based idea management platform Wazoku acquires US rival and raises additional €1.4 million for global 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
Latest Updates
| Employees (est.) (Oct 2020) | 66 | (-1%) |
| Cybersecurity rating | A | More |
Key People/Management at Wazoku
David Byrne
CFO
Alex Butucea
Director, Software Engineering
Chris Bailey
IT Director
Rosemarie Diegnan
CS&PO, Co-Founder
Sarah Counts
Senior Director, Operations
Simon Hill
CEO & Founder
Wazoku Office Locations
Wazoku has an office in Greater London
Greater London, GB (HQ)
3 Lower Thames St
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 | Calculus Capital, Cambridge Angels group, Barclays PLC, New Model Venture Capital (NMVC), Fig VC |
Wazoku's latest funding round in July 2020 was reported to be $1.6 m. In total, Wazoku has raised $8.9 m
Wazoku Revenue
Cash (31-Mar-2019) | 599.4k |
| GBP | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|---|---|
Cash | 1.2m | 857.3k | 360.4k | 484.7k | 599.4k |
Accounts Receivable | 173.1k | 128.0k | 300.3k | 378.3k | 718.0k |
Current Assets | 1.4m | 1.0m | 743.0k | 1.3m | 2.0m |
| FY, 2015 | |
|---|---|
Financial Leverage | 2.5 x |
Wazoku Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| InnoCentive | July 11, 2020 |
Wazoku Cybersecurity Score
Wazoku Online and Social Media Presence
3.09k Twitter followers
Wazoku has 3.09k Twitter Followers. The number of followers has decreased 0.2% month over month and decreased 0.1% quarter over quarter
Wazoku's Trends
Twitter Engagement Stats for @wazokuhq
13.9k
Tweets
1.6k
Following
3.1k
Followers
22
Tweets last 30 days
1.5
Avg. likes per Tweet
81.8%
Tweets with engagement
Wazoku News and Updates
July 10, 2020
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
July 10, 2020
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…
July 10, 2020
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
February 11, 2020
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
March 23, 2020
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…
March 12, 2020
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…
March 05, 2020
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…
February 28, 2020
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…
February 20, 2020
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…
February 11, 2020
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…
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.
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