Last month, Waterfront’s Matt Cunningham and Sophie Price advised Wazoku Limited (Wazoku) on a £297,000 investment, closing its seed funding round at a total of £500,000. The investors included B&Q CEO Martyn Phillips, the founder of Sean Phelan and Octopus Capital chairman, Matt Cooper. The investment will fund Wazoku’s growth of its European operations and the development of its US presence.

Wazoku is a software-as-a-service (SaaS) idea management platform and was founded in February 2011 by Simon Hill and Find Invest Grow’s James King. Wazoku’s Idea Spotlight is “a web-based ideation and innovation management tool that helps businesses of all sizes to uncover, filter and prioritise the best ideas. Because inspiration can come from anywhere, Idea Spotlight enables everyone within a business create, share and evaluate ideas with an equal voice”.

Simon Hill, Wazoku’s founder and managing director says,“The seed funding from such prominent and powerful investors will reinforce ourgoal to be the most prominent European idea management firm and help to continue our rapid growth. We are ideally positioned to bring our software to organisations in the UK and globally, the investment will propel both the product and sales forward significantly.”

Wazoku’s clients include Faber &Faber, ICAP, the University of Bristol and Diageo. New investor and chairman John Yeomans, says, “The potential for Wazoku with organisations of all sizes and industries is vast”.