About Alphawave
Alphawave is a venture capital firm founded in 1995. It is primarily based out of Stellenbosch, South Africa. As of Aug 2022, Alphawave has invested in 17 companies. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Spheron Overall, Alphawave portfolio has seen 1 acquisition, namely Polymorph. A lot of funds co-invest with Alphawave, with names like xto10x sharing a substantial percentage of its portfolio. Alphawave has team of 7 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Series D
Portfolio Acquisitions
Portfolio Soonicorns
Alphawave's List of Top Investments
Alphawave has a portfolio of 17 companies. Their most notable investmentis in SpheronTheir portfolio spans across South Africa, India and United Kingdom. They have invested in Enterprise Applications, High Tech, Consumer and 10 other sectors, across stages such as Series A, Series D stages. Here is the list of top investments by Alphawave:
Electric scooter brand and mobility company. It offers removable-battery scooters and its transition from scooter-sharing to a full-stack EV business. Its official site highlights features like cruise mode, power mode, and reverse mode, and lists contact details and company information. The design incorporates detachable battery technology to allow for charging at standard electrical outlets. The product line includes multiple models with varying performance specifications regarding speed and distance capabilities. Customers may access financing options for vehicle acquisition and utilize service networks for maintenance requirements.
Key facts about Bounce Infinity
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $226M
- Employee Count: 67 as on May 31, 2026
- Investors: Qualcomm Ventures, Maverick Ventures and 51 Others
- Latest Funding Round: Series F, Dec 23, 2025, $*****
- Highlight: Editors' Pick
2. Skynamo
Skynamo is a cloud-based field sales management software. Its features include automation of administrative tasks, remote submission of orders, capturing of customer interactions on mobile devices, real-time location tracking and route tracking, task and visit scheduling, and form completion. It offers a subscription-based pricing model. The clientele includes Lancewood, Bokomo Foods, Henties, Chipkins, etc.
Key facts about Skynamo
- Founded Year: 2012
- Location: Cape Town (South Africa)
- Stage: Series A
- Total Funding till date: $32.1M
- Employee Count: 62 as on Jul 31, 2026
- Investors: Five Elms Capital and Alphawave
- Latest Funding Round: Series A, Apr 26, 2021, $*****
- Highlight: Editors' Pick
3. Spheron
Network of decentralized GPU and CPU compute for AI/ML workloads. It provides access to both data center-grade and retail GPUs. The network facilitates testing on low-cost machines and scaling as needed. It offers a decentralized alternative to traditional cloud compute. The network is fueled by contributors sharing idle compute resources. The platform provides tools to build and deploy blockchain nodes. It also offers a no-code agent builder for AI agents.
Key facts about Spheron
- Founded Year: 2020
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $7M
- Employee Count: 9 as on Jul 31, 2026
- Investors: Nexus Venture Partners, Z47 and 14 Others
- Latest Funding Round: Series A, Aug 2022, $*****
- Highlight: Editors' Pick
4. Inrange
Provider of data-driven & sensor-based golf analytics solutions. The solution helps golfers to learn & analyze golfing from the scratch. It provides products for training and analysis of golf performance. It includes data-driven practice modes, post-session analysis, virtual golf courses, ball tracking solutions, etc.
Key facts about Inrange
- Founded Year: 2017
- Location: London (United Kingdom)
- Stage: Funding Raised
- Employee Count: 9 as on Apr 30, 2025
- Investors: Alphawave
- Highlight: Editors' Pick
5. Neurozone
Cloud-based health management software for employees and individuals. The company has developed a neuro-analytical software system that enables organizations to take care of employee burnout problems. It has consultation services, provides behavioral assessment, employee performance management, and more.
Key facts about Neurozone
- Founded Year: 2011
- Location: Cape Town (South Africa)
- Stage: Funding Raised
- Employee Count: 8 as on Jul 31, 2026
- Investors: CVP and Alphawave
Alphawave's Year-on-Year Investment Trends
Alphawave has invested in 17 companies over the last 6 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Spheron.Alphawave's Investments by Stage
Alphawave has made 1 investment in Series A stage with an average round size of $7M and 1 investment in Series D stage with an average round size of $105M.Alphawave's Investments by Sector
Alphawave has a diverse portfolio, with companies operating in the Auto Tech, Blockchain Technology, Consumer, Energy Tech and Enterprise Applications. Notably, it has invested in 11 Enterprise (B2B) companies, 10 Tech companies, 9 Software companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Auto Tech | 1 |
Blockchain Technology | 1 |
Consumer | 1 |
Energy Tech | 1 |
Enterprise Applications | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Alphawave's Investments by Geography
Alphawave has made most investments in India (2).Alphawave's recent investments
Alphawave has not made any investment in 2026 so far.Here are the most recent investments by Alphawave:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 2022 | India | Series A | 3525 | ||
Jan 07, 2020 | India | Series D | 9026 | [+16] |
Acquired companies in Alphawave's Portfolio
1 company from Alphawave's portfolio has been acquired. The most recent acquisition was Polymorph in Jul 2024 by Octoco for $*****.Here are Alphawave's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 03, 2024 | - | - | 2720 |
Team profile of Alphawave
Alphawave has a team of 7 members including 7 Partners located in South Africa. Alphawave's team does not sit on the board of any company as of now.Here is a list of all team members in Alphawave:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Stellenbosch | - | - | |
Partner | Cape Town | - | - | |
Partner | Cape Town | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of Alphawave
Over the past 6 years, 47 investors have co-invested in Alphawave's portfolio companies. This includes funds and angels.
- Invested before Alphawave: Innoven Capital, Quettra Resources and 26 others have invested in rounds before Alphawave. There is 1 company where Innoven Capital has invested before Alphawave and 1 company where Quettra Resources has invested before Alphawave.
- Top Co-investors of Alphawave: 14 investors entered a company along with Alphawave. These include investors like xto10x (1 company).
- Invested after Alphawave: A total of 5 investors have invested in Alphawave's portfolio after their investments. Top Investors include Bennett, Coleman (1 company), ACT Grants (1 company) and Ritesh Arora (1 company).
Recent News related to Alphawave
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Kagiso Capital invests R100-million in Alphawave GroupTechCentral•Nov 13, 2020•Kagiso Capital, Alphawave
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Falcon Edge leads Series G funding round in DailyhuntVCCircle•Apr 21, 2020•, Alphawave, Falcon Edge Capital, ByteDance and 5 others
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Bounce raises ₹690 crores in series D led by Facebook co-founder Eduardo Saverin’s B Capital and AccelThe Indian Wire•Jan 09, 2020•Bounce, Accel, Chiratae Ventures, SEI and 3 others
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Bounce valued at $450 mn after Series D roundMint•Jan 08, 2020•Bounce, B Capital, Sequoia Capital, Accel and 10 others
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Alphawave Group invests in data science firmsITWeb•Feb 02, 2018•Alphawave, Saigen, Predictive Insights
