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 Book 'One Smart Crowd' Celebrates the Power of the Crowd to Address Some of the World's Most Complex Challenges
- 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
Latest Updates
| Employees (est.) (Mar 2021) | 71 | |
| Cybersecurity rating | B | More |
Key People/Management at Wazoku
David Byrne
CFO
Chris Bailey
IT Director
Rosemarie Diegnan
CS&PO, Co-Founder
Sarah Counts
Senior Director, Operations
Simon Hill
CEO & Founder
Kathryn Layland
Chief Revenue Officer
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 | 9 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 0.5% quarter over quarter
Wazoku's Trends
Twitter Engagement Stats for @wazokuhq
13.9k
Tweets
1.5k
Following
3.1k
Followers
4
Tweets last 30 days
2.5
Avg. likes per Tweet
100%
Tweets with engagement
Wazoku News and Updates
January 21, 2021
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
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
December 03, 2020
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 …
November 27, 2020
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 …
November 19, 2020
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 …
November 17, 2020
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…
November 10, 2020
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…
November 03, 2020
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…
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.
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