Taiwanese martech startup Wavenet raised series B round, aims to launch IPO within 2 years
Summary
TAIPEI, Aug. 11, 2022 /PRNewswire/ -- Wavenet, which specializes in marketing technology, recently raised nearly USD$3 million in the series B round. "Our future goal is clear: Well have our IPO within 2 years and Taiwan will be our first choice for IPO venue," said Tim Hsu, the founder and CEO of Wavenet.Wavenets biggest investor in this round is Cornerstone Asset Holdings, a Silicon Valley fund focusing on SaaS and education.The amount of the funding is not large, but Tim Hsu mentioned that the investors assistance in exploring the North American market is what matters.With the funding and investors help, Wavenet will expand its operations to Japan and North America, and is planning to hire more international talents to join the team. They expect to double the data analysis team.Silicon valleys investor Cornerstone Asset Holdings said that in the post-pandemic era, both B2B marketing and B2C or C2C e-commerce will become more dependent on traffic platforms. Wavenet developed its own Orca system, which, in combination with the technologies from other MarTech companies, allows for remarketing, audience analysis, and public opinion monitoring by customers members. And overseas, it has cooperated with companies like Hong Kong Gifts & premium Fair, and Au Huat Coffee (Malaysia).
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