Prewave is a spin-off from Vienna University of Technology and was founded in 2017 by Dr. Lisa Smith and Harald Nitschinger. The company uses an AI-powered platform to analyse millions of online sources in more than fifty languages to find, categorise and directly address the risks that might impact supply chains. Companies such as BMW, Lufthansa, and PwC use Prewave to monitor their supply chain. In fall last year, Prewave announced its EUR 11m Series A investment led by KOMPAS VC which has now been extended by another USD 20m – beside the lead investor Creandum, certain existing investors of Prewave joined this Series A+ round.
A team from BRANDL TALOS led by Roman Rericha with the support of Julia Strimitzer, Adrian Zuschmann and Elena Ciresa advised lead-investor CREANDUM (Sabina Wizander and Beatrice Rellman) in relation to the transaction. Prewave has been advised by WMWP Rechtsanwälte (Paul Koppenwallner).
”We are extremely delighted that CREANDUM, one of the few European VC heavyweights, relied on our expertise in connection with their first ever investment in Austria. We believe that this investment will further stimulate the entire Austrian ecosystem and hope to see more of such outstanding transactions in the future.” says Roman Rericha