WaveBL
WaveBL is a blockchain-based platform for electronic Bills of Lading (eBL) and digital trade document management for global maritime trade. WaveBL was founded in 2015. The company is led by Noam Rosenfeld. Based in Kfar Saba, Israel. Team size: 101-500. Total funding raised: $50.4M. Latest round: Venture Round. Key investors include NewRoad Capital Partners, Contour Venture Partners, ZIM Integrated Shipping Services, Techstars, Reefknot Investments (Temasek/Kuehne+Nagel JV), Frank Sica, Marius Nacht.
- Founded
- 2015
- Headquarters
- Kfar Saba, Israel
- Team size
- 101-500
- Total funding
- $50.4M
Value proposition
Digitizes and secures the transfer of bills of lading and other trade documents using a patented blockchain solution, replacing slow, costly, fraud-prone paper processes with instant, secure digital transactions.
Products and solutions
Electronic Bill of Lading (eBL) platform, WaveBL for Customs, Digital Document Hub extending to all trade documents, Trade Finance module, off-platform email-based eBL transfer.
Unique value
Patented blockchain solution ensuring document integrity, confidentiality, and non-repudiation, combined with flexibility to transact eBLs outside the closed platform network via secure email — lowering adoption barriers versus closed-loop competitors.
Target customer
Ocean carriers, freight forwarders, beneficial cargo owners, banking institutions, and customs authorities involved in global trade documentation.
Industries served
Maritime shipping, global trade finance, logistics, customs/regulatory compliance.
Technology advantage
Patented blockchain technology for document security; ~65% market share in eBL transactions; approved by International Group of P&I Clubs; DCSA standard compliance enabling cross-platform interoperability.
How they differentiate
Unlike closed-loop platforms (e.g., Bolero) that require all counterparties to onboard, WaveBL supports off-platform eBL transfer via secure email and full 'on behalf of' party support, lowering friction for adoption while maintaining blockchain-backed security.
Main competitors
CargoX, Bolero International, essDOCS (ICE Digital Trade), edoxOnline
Key partnerships
MSC, ZIM, PIL (ocean carriers), SWIFT (Network Connectivity Proof of Value), TradeWaltz (Japan trade finance), Surecomp RIVO, Capital4Trade/Tech Cargo (DeFi liquidity), DCSA cross-platform standard adoption.
Notable customers
MSC, ZIM, PIL, Hecny Group, MTS Logistics, KPM Logistics, Pegasus Maritime, Safe Logistics, Asia Shipping, RS Logistics, Interglobo, Savino Del Bene
Major milestones
2022: Noam Rosenfeld appointed CEO, 2023: $26M Series B funding (total $37M raised), 2026: Completed Network Connectivity Proof of Value with SWIFT, 2026: Partnership with TradeWaltz for Japan trade finance access, adoption of DCSA cross-platform eBL standard.
Growth metrics
Operating in 100+ countries; 1M+ eBL issuances; ~65% eBL market share; ~50,000 live eBLs processed monthly (2026); ~75 employees (Tracxn May 2026); annual revenue reported ~$4M (RocketReach estimate).
Market positioning
Market leader in electronic Bills of Lading with ~65% market share, positioned as the most interoperable and carrier-trusted eBL platform for global trade digitization.
Geographic focus
Global, with strong presence in maritime trade hubs (Israel HQ, expanding into Japan/APAC trade finance networks via TradeWaltz partnership).
Patents and IP
Patented blockchain-based document integrity and confidentiality solution (referenced on company site, specific patent numbers not public).
About Noam Rosenfeld
Cyber security and digital transformation executive prior to WaveBL; Technion - Israel Institute of Technology alumnus. Took over as CEO in May 2022 from co-founder Gadi Ruschin.
Latest news about WaveBL
Official website: https://wavebl.com