Investment round raised Wizeline US$43 million
Wizeline, a product and software developing company, has closed an investment round valued at US$43 million, led by Apax Digital, a managed expansion capital fund. These funds will be used to enhance the development, sales, marketing and international sales teams, in order to accelerate the company’s expansion; as well as completing mergers and acquisitions. Apax’s investment on Wizeline is the ninth allotment for Information Technology (IT) services. Wizeline has doubled its number of employees over the last year, while developing a proprietary platform based on automation and Artificial Intelligence instead of the performing the traditional process.