When was Swave founded?

Swave was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Swave located?

Swave is headquartered in Leuven, Belgium.

Who is the current CEO of Swave?

Theodore Marescaux of Swave. They have also founded 1 company.

How many employees does Swave have?

As of Aug 31, 2026, the latest employee count at Swave is 50.

Is Swave a funded company?

Swave is a funded company, having raised a total of $45.5M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 28, 2022.

When was the latest funding round of Swave?

Swave's latest funding was a $***** Series A round on Jun 25, 2025, with participation from 2 investors.

Where does Swave rank among its competitors?

Swave ranks 1st amongst 3 active competitors, only 1 of which is funded. Swave, which secured $6.97M in Jun, 2025.

Swave - 2026 Company Profile, Team, Funding & Competitors

Swave is a series A company based in Leuven (Belgium), founded in 2022 by Theodore Marescaux. It operates as a Provider of XR technology for the metaverse. Swave has raised $45.5M in funding from investors like imec.xpand, IAG Capital Partners and SFPIM. The company has 3 active competitors, including 1 that is funded. Its top competitors are Oorym Solutions and Aprilis.

Company Details

Provider of XR technology for the metaverse. Its solution projects holographic images and does not require XR headsets or other display hardware. It is applicable to high-resolution displays for metaverse, body motion tracking, and wearable devices.

Website: swave.io
Social

Key Metrics

Founded Year

2022

Location

Leuven, Belgium

Stage

Series A

Total Funding

$45.5M in 5 rounds

Latest Funding Round

Series A, Jun 25, 2025, $*****

Investors

imec.xpand & 11 more

Ranked

1^st among 3 active competitors

Employee Count

50 as on Aug 31, 2026

Similar Companies

Oorym Solutions & 1 more

View Swave's full profile

Swave has raised a total funding of $45.5M over 5 rounds. Its first funding round was on Jun 28, 2022. Its latest funding round was a Series A round on Jun 25, 2025 for $*****. 2 investors participated in its latest round. Swave has 12 institutional investors.

Here is the list of recent funding rounds of Swave:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 25, 2025	6394770	Series A	8174705	3072792	4478457	2412561
Jan 06, 2025	4212317	Series A	7637208	3238235	5853002	EIC Fund & 6 more
2023	8146	Grant (prize money)	9730	4431	2116	EIC Fund

Access funding benchmarks and valuations. Sign up today!

View details of Swave's funding rounds and investors

The founders of Swave is Theodore Marescaux. Theodore Marescaux is the CEO of Swave.

Here are the details of Swave's key team members:

Theodore Marescaux: Founder & CEO of Swave.

View details of Swave's Founder profiles and Board Members

Swave's employee count trend

Swave has 50 employees as of Aug 26. Here is Swave's employee count trend over the years:

Uncover Swave's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Swave include Oorym Solutions and Aprilis. Here is the list of Top 10 competitors of Swave, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Swave 2022, Leuven (Belgium), Series A	Provider of XR technology for the metaverse	$45.5M	Acequia Capital, IAG Capital Partners & 10 others	56/100
2nd	Oorym Solutions 2018, Israel, Unfunded	Developer of waveguide technology for augmented reality head-mounted display systems	-	-	18/100
3rd	Aprilis Cambridge (United States), Unfunded	Provider of photonic and holographic data storage solutions	-	-	16/100