About Waze
Waze is a company based in Tel Aviv (Israel) founded in 2007 was acquired by Google in February 2013.. Waze has raised $67 million across 3 funding rounds from investors including Google, Kleiner Perkins and Qualcomm Ventures. Waze operates in a competitive market with competitors including onXmaps, MapQuest, YAMAP, Fatmap and 2GIS, among others.
- Headquarter Tel Aviv, Israel
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Software Development Team
277 people
Sales and Marketing
274 people
Leadership Team
198 people
Product Management Team
165 people
Creative and Marketing Team
126 people
Operations Team
83 people
Senior Team
61 people
Account Team
58 people
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Funding Insights of Waze
Waze has successfully raised a total of $67M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in October 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $30.0M
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First Round
First Round
(01 Mar 2008)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2011 | Amount | Series C - Waze | Valuation | Horizons Ventures , Kleiner Perkins |
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| Dec, 2010 | Amount | Series B - Waze | Valuation | BlueRun Ventures | |
| Mar, 2008 | Amount | Series A - Waze | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Waze
Waze has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Google, Kleiner Perkins and Qualcomm Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Early-stage Israeli startups are invested in by Magma Venture Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Waze
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Waze
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Waze Comparisons
Competitors of Waze
Waze operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as onXmaps, MapQuest, YAMAP, Fatmap and 2GIS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Online maps for land ownership and outdoor navigation are provided.
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Mapping applications and driving directions are provided for travel.
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Mountaineering map application for offline smartphone tracking is provided.
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| domain | founded_year | HQ Location |
3D terrain maps for outdoor adventures are provided to skiers.
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Local discovery mobile app for city information services is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Waze
Frequently Asked Questions about Waze
When was Waze founded?
Waze was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Waze located?
Waze is headquartered in Tel Aviv, Israel.
Is Waze a funded company?
Waze is a funded company, having raised a total of $67M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Mar 01, 2008.
What does Waze do?
Waze was founded in 2007 in Tel Aviv, Israel, within the mobility technology sector. App-based navigation services are offered, allowing a community of drivers to share real-time road information on traffic, construction, police presence, and crashes. Users are enabled to report accidents, hazards, and police traps to assist others. Carpooling options are facilitated through the application, which is accessible on iOS and Android platforms.
Who are Waze's investors?
Waze has 8 investors. Key investors include Google, Kleiner Perkins, Qualcomm Ventures, Horizons Ventures, and Magma Venture Partners.
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