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The Venture Codex

Wakestream Ventures

40 Pearl St NW Suite 200, Grand Rapids, MI, 49503, United States

Overview

Wakestream Ventures is an early stage fund that backs founders working with physical products converging with the internet. Their region has a rich history in innovation, industrial design and manufacturing giving them a unique advantage in the IoT / technical physical product space. They consider themselves an early stage fund with deal sizes ranging from $100K–300K in initial investment size with follow-on commitments for 2nd and 3rd rounds up to $1.5M cumulative.

Total investments
16
Lead investments
2
Investments · 12mo
3
Active investors
6

Sector focus

  • Financial Services
  • Internet of Things
  • Venture Capital
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Investment portfolio

  • Poppy Flowers

    Participated · Series A · Nov 2025

    Founded in 2019, Charlottesville-based Poppy Flowers operates a technology-driven marketplace that matches couples with local floral designers whose style, budget, and vision align with their needs. The company has already served more than 6,000 couples nationwide, positioning itself as a fast-growing player in the $71 billion U.S. floral industry. Poppy’s platform streamlines the traditionally fragmented wedding-florist experience by handling design matching, logistics, and fulfillment. With fresh capital, the team plans to accelerate an expansion into business-to-business offerings, roll out new technology features, and hire key leadership roles. Management believes these moves will widen its customer base beyond consumer weddings and deepen engagement with professional florists. Investors cite the company’s clear category leadership and scalable model as reasons for continued support. Financial details beyond the most recent and prior capital raises were not disclosed in the article.

  • Scorbit

    Participated · Seed · Nov 2025

    Scorbit operates a platform that connects vintage, offline and modern arcade machines to the internet, enabling real-time scoring, competition, payments, and community features through its mobile app and cloud software. The company is also developing the Scorbit Console, a B2B hardware and software solution aimed at arcade venues and other locations that host machines. Seed-stage beta tests are already live and providing early market validation, though no specific revenue or user numbers were disclosed. With the newly raised capital, Scorbit plans to expand its team, finalize its minimum viable product, and invest in R&D for both new hardware and expanded app capabilities covering payments, competitions, and global gameplay support. Co-founded by serial entrepreneurs Jay Adelson and Ron Richards, the Ann Arbor–based startup intends to pursue a Series A round in 2026 to fuel partnership expansion and nationwide scale.

  • Sunflower Labs

    Participated · Series B · Nov 2025

    Sunflower Labs builds autonomous security solutions that combine precision hardware with intelligent software. Its flagship Beehive system deploys an autonomous drone to patrol residential estates, commercial campuses, and critical industrial sites, delivering continuous protection without the cost of traditional guards. The company recently secured nationwide FAA approval to fly its drones beyond visual line of sight (BVLOS), significantly expanding operational reach. Sunflower Labs also launched an interactive property configuration tool to help customers design and price installations. Backed by a new $16 million Series B round, the firm plans to accelerate AI development, broaden deployments across the U.S., Europe, and Latin America, and deepen integrations with Alarm.com’s dealer network. Headquartered in San Carlos, CA, the company is supported by a mix of strategic and financial investors, including Alarm.com and several prominent venture funds.

  • ATLAS Space Operations

    Participated · Equity · Sep 2024

    ATLAS Space Operations offers Ground Station as a Service (GaaS) and Ground Software as a Service (GSaaS) through its proprietary Freedom® software, enabling unified access to a federated network of antennas. The company operates over 50 antennas across more than 34 ground stations and supports LEO, MEO, and GEO orbits for commercial, civil, and defense customers. Freedom® software centralizes antenna networks, automates communications, enables dynamic scheduling, and provides near real-time troubleshooting and rapid onboarding. ATLAS reports a 100% contract renewal rate, underscoring heavy customer reliance on its ground infrastructure. Founded in 2015, the company moved its headquarters to Traverse City, Michigan in 2017 and maintains an office in Colorado Springs, Colorado. Management cites plans to use new capital to meet rising industry demand and to execute U.S. and EMEA expansion strategies. ATLAS Space Operations provides Ground Software as a Service (G-SaaS) through its Freedom™ software platform and a global antenna network to integrate disparate ground station networks for government and commercial clients. The company positions its Freedom™ solution as an industry-disruptive software layer that federates networks and maximizes ground-station value. ATLAS plans to accelerate international growth and expand its team to deliver enterprise-level G-SaaS for commercial customers and the DoD Hybrid Space Architecture. The company intends to increase market share in the private sector while supporting government requirements. ATLAS has been recognized by the World Teleport Association as one of the top three fastest-growing teleport operators worldwide for the past two years and was named the 15th fastest-growing software company in 2020 by Inc. 5000. Its mission statement is to connect humanity through space by combining software and a global antenna network.

  • Digital Power Optimization

    Participated · Series A · Feb 2022

    Digital Power Optimization offers a proprietary Cryptocurrency Mining as a Service (CMaaS) strategy and structure that aligns its interests with partners in the energy sector. Led by CEO Andrew Webber, the company uses crypto mining as a tool to help power producers extract additional value from their energy. DPO has formed a strategic partnership with bitcoin company NYDIG to tailor complementary products for clients in the utility and renewable power industries. Proceeds from its recent raise will be used to grow DPO’s team of experts and to bring CMaaS to the global power and utility industries. The company is based in New York City.

Team