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The Venture Codex

Wave Capital

1808 Wedemeyer Street, Suite 190, San Francisco, California, 94129, United States

Overview

Venture firm specializing in marketplace startups and early-stage funding.

Founded

2017

Deals ยท 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

The Netherlands
United States

Sector focus

Consulting
Financial Services
FinTech
Venture Capital

Investment portfolio

13rounds
NAMEDATESIZE
Keiron
Jul 2026Led
$24 MSeries A
Recess
Jun 2026Participated
$4 MSeed
Daisy Genomics
Dec 2025Participated
$3 MSeed
Delft Circuits
Dec 2025Participated
$9 MSeries A
Orq.ai
Dec 2025Participated
$6 MSeed
Float Health
Mar 2024Participated
$10 MSeries A
Camus Energy
Feb 2024Led
$10 MSeries A
Copper
May 2022Led
$3 MSeed
Thatch
Aug 2021Led
$3 MSeed
Camus Energy
Jul 2021Participated
$16 MSeries A
Scarf
Mar 2021Led
$2 MSeed
Darwin Homes
Jan 2021Participated
$15 MSeries A
Keiron
Jul 2026Led
$24 MSeries A
Recess
Jun 2026Participated
$4 MSeed
Daisy Genomics
Dec 2025Participated
$3 MSeed
Delft Circuits
Dec 2025Participated
$9 MSeries A
Orq.ai
Dec 2025Participated
$6 MSeed
Float Health
Mar 2024Participated
$10 MSeries A
Camus Energy
Feb 2024Led
$10 MSeries A
Copper
May 2022Led
$3 MSeed
Thatch
Aug 2021Led
$3 MSeed
Camus Energy
Jul 2021Participated
$16 MSeries A
Scarf
Mar 2021Led
$2 MSeed
Darwin Homes
Jan 2021Participated
$15 MSeries A
13
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Wave Capital: 13 funding rounds are recorded in the selected participation categories.All available history.
Wave Capital: 13 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed33
Series A24
Other Equity01

Monthly Deal Activity

Wave Capital: 13 deals are recorded across 97 months.All available history.
Wave Capital: 13 deals are recorded across 97 months. All available history
MonthDeals
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '211
Aug '211
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '253
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Wave Capital: Health & Life Sciences is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Wave Capital: Health & Life Sciences is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Health & Life Sciences4
Enterprise Software3
Networks, Cloud & Communication3
E-Commerce & Retail2
Clean Energy & Sustainability2
Manufacturing2
Travel & Hospitality1
Education & Workforce1
Real Estate & Construction1
Space & Frontier Tech1
Consumer & Lifestyle1
Marketing & Advertising1
Media & Entertainment1
AI & Machine Learning1
Professional Services1
Social & Community Platforms1

Deal Size Distribution

Wave Capital: 13 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Wave Capital: 13 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M6
$5M-$10M2
$10M-$25M5
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Wave Capital: United States has the largest recorded deal count among the displayed regions (10 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Wave Capital: United States has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
United States10
Europe3
Wave Capital: 20 co-investors are shown, with Canvas Prime sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Wave Capital: 20 co-investors are shown, with Canvas Prime sharing 2 recorded deals. All available history
Co-investorShared deals
Canvas Prime2
Congruent Ventures2
Cottonwood Technology Fund2
DeepTechXL2
468 Capital1
Align Impact1
Also Capital1
ATUM Ventures1
Baukunst1
Bedrock Capital1
Burst Capital1
Camber Creek1
Curiosity VC1
Galion.exe1
Golden Egg Check1
Groundswell Ventures1
High-Tech Grunderfonds1
Invest-NL1
Khosla Ventures1
Lightspeed Venture Partners1

Investment Strategy

Wave Capital: Led accounts for 38% and participating for 62% of round participation.All available history.
Wave Capital: Led accounts for 38% and participating for 62% of round participation. All available history
CategoryDeals (count)Share (%)
Led538%
Participating862%
Wave Capital: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
Wave Capital: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead360%
Co-led240%

Team

Riley Newman

General Partner

Sara Adler

General Partner