Wave - About the company
Wave is a series B company based in Austin (United States), founded in 2016 by Aaron Lemke and Adam Arrigo. It operates as a Provider of virtual concert technology. Wave has raised $42.5M in funding from investors like RRE Ventures, Seedcamp and Maveron. The company has 64 active competitors, including 14 funded and 6 that have exited. Its top competitors include companies like Boiler Room, Trubify and AmazeVR.
Company Details
Waves provides virtual concert technology. Music creators and concert organizers can customize the venues from realistic night clubs to outer space with a single click button. It also creates digital fan avatars in such concerts.
- Website
- wavexr.com
- Social
- Email ID
- *****@wavexr.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2016
Location
Austin, United States
Stage
Series B
Total Funding
$42.5M in 6 rounds
Latest Funding Round
Investors
Ranked
4th among 64 active competitors
Employee Count
77 as on Oct 31, 2026
Similar Companies
Legal entities associated with Wave
Wave is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
WAVEXR, INC. CIN: 812124043 , United States, Active | Dec 31, 1999 | - | 43 (As on Dec 31, 2024) | - |
WaveXR, Inc CIN: 81-2124043 , United States, Active | Dec 31, 2018 | - | 66 (As on Dec 31, 2021) | - |
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Wave's funding and investors
Wave has raised a total funding of $42.5M over 6 rounds. Its first funding round was on Aug 05, 2016. Its latest funding round was a Series B round on May 03, 2021 for $*****. 1 investor participated in its latest round. Wave has 37 institutional investors and 9 angel investors.
Here is the list of recent funding rounds of Wave:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 03, 2021 | 4162739 | Series B | 6556101 | 2221170 | 4752027 | 2000647 |
Nov 19, 2020 | 6845921 | Series B | 6070867 | 1740993 | 6804186 | 2071393 |
Jun 10, 2020 | 2753998 | Series B | 3991070 | 4496418 |
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Wave's founders and board of directors
Founder? Claim ProfileThe founders of Wave are Aaron Lemke and Adam Arrigo.
Here are the details of Wave's key team members:
- Aaron Lemke: Co-Founder and Chief Creative Officer of Wave and founder of 3 other companies, Aaron Lemke - Founder, Unello Design and Axon Virtual Health. Contact Info: 1 phone number
- Adam Arrigo: Co-Founder & CEO of Wave and founder of 1 other company. Contact Info: 3 email addresses
View details of Wave's Founder profiles and Board Members
Wave's employee count trend
Wave has 77 employees as of Oct 26. Here is Wave's employee count trend over the years:
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Wave's Competitors and alternates
Top competitors of Wave include Boiler Room, Trubify and AmazeVR. Here is the list of Top 10 competitors of Wave, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Boiler Room 2004, Netherlands, Acquired | Online live music show streaming platform | $12.6M | 54/100 | |
2nd |  Trubify 2020, Newport Beach (United States), Series A | App-based platform for streaming music performances | $4.3M | 52/100 | |
3rd | AmazeVR 2015, West Hollywood (United States), Series B | Provider of VR music concerts | $41.5M | 49/100 | |
4th | Wave 2016, Austin (United States), Series B | Provider of virtual concert technology | $42.5M | 45/100 | |
5th |  Stream Music 2003, Southport (Australia), Unfunded | Online platform for live streaming of concerts | - | - | 42/100 |
6th |  Condense 2019, Bristol (United Kingdom), Seed | Developer of volumetric video technology for virtual production and live events | $6.45M | 41/100 | |
7th | MelodyVR 2015, London (United Kingdom), Public | VR content production enabling VR music experiences | $6.5M | 40/100 | |
8th |  Amaze 2002, Sunnyvale (United States), Series B | Provider of a virtual reality enabled live music concert streaming solution | $25.3M | 40/100 | |
9th |  VRJAM 2017, London (United Kingdom), Seed | Blockchain-based metaverse platform for streaming concerts | $2.2M | 37/100 | |
10th |  Sessions 2019, Remote (United States), Deadpooled | Online platform for streaming virtual music concerts | - | - | 37/100 |
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Wave's Investments and acquisitions
Wave has made no investments or acquisitions yet.
Reports related to Wave
Here is the latest report on Wave's sector:
News related to Wave
Filter this list•
Virtual Event Platform ‘Wave’ Returns to VR with Pico Partnership, Calvin Harris Concert to Debut Jan 13thRoad to VR•Jan 05, 2023•Wave, PICO
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Warner Music Group Announces Groundbreaking Partnership With and Investment in WaveGlobeNewswire•May 03, 2021•Warner Music Group, Wave
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Warner Music Group Buys Stake In Virtual Concerts Platform WaveMBW•May 03, 2021•Warner Music Group, Wave
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Tencent Music’s Investment in WaveGlobal Legal Chronicle•Nov 30, 2020•Latham & Watkins, Tencent Music, Wave
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The start-up Wave joins forces with Tencent, which takes a minority stakeusine-digitale.fr•Nov 20, 2020•Wave, Tencent Music
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Tencent Music Invests In Wave To Bring A Musical Metaverse To ChinaLaptopsmagazine•Nov 19, 2020•Tencent, Wave
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Scooter Braun Joins $30m Investment In Avatar-based Virtual Concert Startup WaveMBW•Jun 10, 2020•Wave, Maveron, Griffin Gaming Partners, Ntt Docomo Ventures and 12 others
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TheWaveVR Raises $6 Million Series A Round to Bring Social, Interactive VR Music Experiences to the MassesBillboard•Apr 23, 2018•Wave
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TheWaveVR releases social VR music beta and raises $4 millionVentureBeat•Apr 12, 2017•Upfront Ventures, RRE Ventures, The Venture Reality Fund, Kleiner Perkins and 4 others
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