WaveBL, the market leader in the digital trade document sector, announced today that it has raised an additional $11 million from new investors who specialize in the bulk-liquid and smart logistics sectors. This additional amount adds to the Series B funding, which was led by NewRoad Capital Partners, and will help the company continue to solidify its position as an industry leader by expanding new offerings and supporting scenarios that establish a new benchmark of trust and efficiency in international trade.

WaveBL is a digital platform using proprietary blockchain technology to electronically transfer trade documents. The WaveBL solution enables the instant, encrypted, and authenticated transfer of electronic Bills of Lading and related trade documents. The platform complies with universal processes and regulations in use. The platform is designed to meet the needs of all parties involved in trade, including shipping companies, agents, brokers, and banks. WaveBL has strong alliances with leading companies in global trade to drive faster digitalization and adoption.