Webee, the next-gen Industrial Internet of Things company (IIoT) was selected as the winner of M12's Global Female Founders Competition - an initiative that seeks to identify the next wave of leading female founders.
Founded by Cecilia Flores and Lucas Funes Webee has been chosen out of hundreds of applications as Webee was selected as the Best Enterprise SaaS category in the United States.
“We are proud to welcome Webee to the M12 portfolio and invest alongside Mayfield and Pivotal Ventures. We see in Webee a combination of technological vision, a purpose-driven mission, and the incredible entrepreneurial grit. The expertise of its founders and their proven track record are critical in the pursuit of more sustainable industrialization.”
The competition, organized by M12, Microsoft’s venture fund, and partnership with Melinda Gates’ Pivotal Ventures and Mayfield invested USD $6 million in four winners. Two winners–one global and one US-based startup–were selected in each of the two categories: Deeptech and Software as a Service (SaaS). Webee was the US winners in the SaaS category, receiving $2M for her business, while Deeptech winners each received $1M.
The $2M investment from M12, Melinda Gates’ Pivotal Ventures, and Mayfield, we allow Webee to continue its expansion in the Food, Beverage, and Agriculture industries to help reduce the impact of food loss on the environment.