About New Wave
New Wave is a venture capital firm founded in 2006. It is primarily based out of Toronto, Canada. As of Oct 2024, New Wave has invested in 11 companies. It primarily invests in Seed round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series A round of Daze Overall, New Wave portfolio has seen 1 unicorn and 2 acquisitions, namely Mistral AI, Gladia and Bee. A lot of funds co-invest with New Wave, with names like Andreessen Horowitz sharing a substantial percentage of its portfolio. New Wave has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
New Wave's List of Top Investments
New Wave has a portfolio of 11 companies, one of which is a Unicorn. Their most notable investments are in Yavin and Gladia.Their portfolio spans across France and United States. They have invested in Enterprise Applications, High Tech, Retail and 7 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by New Wave:1. Mistral AI
Provider of customizable, open-source artificial intelligence models and solutions for various applications. It is a company specializing in open-source large language models and generative AI, providing cutting-edge language models for various applications.
Key facts about Mistral AI
- Founded Year: 2023
- Location: Paris (France)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $6.54B
- Employee Count: 1,611 as on Aug 31, 2026
- Investors: Redpoint Ventures, BNP Paribas and 63 Others
- Latest Funding Round: Series D, Sep 08, 2026, $*****
- Highlight: Editors' Pick
2. Gladia
Key facts about Gladia
- Founded Year: 2022
- Location: Cesson Sevigne (France)
- Stage: Acquired
- Total Funding till date: $20.3M
- Employee Count: 60 as on Aug 31, 2026
- Investors: Kima Ventures, Illuminate Financial and 17 Others
- Latest Funding Round: Series A, Oct 15, 2024, $*****
- Highlight: Acquired
3. sunday
Platform offering QR-based solutions for restaurant businesses. The customers can scan the QR code with the phone's camera to order from the digital menu. It also allows making digital payments, provides feedback, integrated tipping, reporting, and more.
Key facts about sunday
- Founded Year: 2021
- Location: Atlanta (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $145M
- Employee Count: 338 as on Aug 31, 2026
- Investors: DST Global, Coatue and 2 Others
- Latest Funding Round: Series B, Nov 12, 2025, $*****
- Highlight: Editors' Pick
4. Lago
Provider of open-source platform for usage metering, billing, and revenue analytics. The platform offers tools for managing billing, invoicing, entitlements, and cash collection. It provides revenue analytics across various streams and integrates with enterprise systems. The platform supports hybrid plans, usage-based models, and multi-product billing. It offers self-hosting options and comprehensive API documentation.
Key facts about Lago
- Founded Year: 2021
- Location: Wilmington (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $26.3M
- Employee Count: 88 as on Aug 31, 2026
- Investors: Addition, Kima Ventures and 10 Others
- Latest Funding Round: Series A, Dec 22, 2023, $*****
- Highlight: Editors' Pick
5. Bee
Provider of AI-based wearable device for various applications. It provides users with a personal AI that transforms conversations, tasks, places, and more into summaries, personal insights, and timely reminders, aiming to simplify and streamline various aspects of daily life. The company provides a wearable device that leverages AI technology to offer users a more organized and efficient experience.
Key facts about Bee
- Founded Year: 2024
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $7M
- Employee Count: 51 as on Aug 31, 2026
- Investors: Exor, Greycroft and 3 Others
- Latest Funding Round: Seed, Jul 29, 2024, $*****
- Highlight: Acquired
New Wave's Year-on-Year Investment Trends
New Wave has invested in 12 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. Its most recent first time investment was in Daze and most recent follow-on round was in Blobr.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 3 | 0 | 3 |
2023 | 3 | 1 | 4 |
2022 | 2 | 1 | 3 |
2021 | 3 | 0 | 3 |
New Wave's Investments by Stage
New Wave has made 6 investments in Seed stage with an average round size of $7.52M, 4 investments in Series A stage with an average round size of $115M and 1 investment in Series B stage with an average round size of $10.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 4 |
Series B | 1 |
Note: We have considered here, only first round of investments
New Wave's Investments by Sector
New Wave has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, FinTech and Artificial Intelligence - Industry Applications. Notably, it has invested in 9 Tech companies, 8 Enterprise (B2B) companies, 8 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
High Tech | 3 |
Consumer | 2 |
FinTech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Others | 10 |
Note: We have considered here, only first round of investments
New Wave's Investments by Geography
New Wave has made most investments in France (6), followed by United States where it has made 5 investments.Country | No. of Investments |
|---|---|
France | 6 |
United States | 5 |
Note: We have considered here, only first round of investments
New Wave's recent investments
New Wave has not made any investment in 2026 so far.Here are the most recent investments by New Wave:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 21, 2024 | United States | Series A | 9138 | [+7] | |
Jul 29, 2024 | United States | Seed | 9717 | [+3] | |
Jul 11, 2024 | France | Series B | 8939 | [+10] | |
Dec 22, 2023 | United States | Series A | 9830 | [+5] | |
Dec 11, 2023 | France | Series A | 4181 | [+11] |
Unicorns in New Wave's Portfolio
New Wave has 1 unicorn in its portfolio - Mistral AI. The most recent unicorn in their portfolio is Mistral AI which became a unicorn in 2023.Here is a list of unicorns in New Wave's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Provider of customizable, open-source artificial intelligence models and solutions for various applications | 2023 | Paris | Series D | amvroc{ |
Acquired companies in New Wave's Portfolio
2 companies from New Wave's portfolio have been acquired. The most recent acquisition was Gladia in Jul 2026 by OVHcloud for $*****.Here are New Wave's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 31, 2026 | Jun 19, 2023 | Seed | 9618 | |
Jul 23, 2025 | Jul 29, 2024 | Seed | 1816 |
Team profile of New Wave
New Wave has a team of 2 members including 2 Partners located in Germany. New Wave's team does not sit on the board of any company as of now.Co-investors of New Wave
Over the past 5 years, 119 investors have co-invested in New Wave's portfolio companies. This includes funds and angels.
- Invested before New Wave: La Famiglia, Xavier Niel and 17 others have invested in rounds before New Wave. There are 2 companies where La Famiglia has invested before New Wave and 2 companies where Xavier Niel has invested before New Wave.
- Top Co-investors of New Wave: 45 investors entered a company along with New Wave. These include investors like Andreessen Horowitz (2 companies).
- Invested after New Wave: A total of 55 investors have invested in New Wave's portfolio after their investments. Top Investors include DST Global (2 companies), Microsoft (1 company) and Databricks (1 company).
Recent News related to New Wave
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Paris-based Gladia Raises $16 Million in Series A Round FundingStartup Rise EU•Oct 15, 2024•Gladia, XAnge, Illuminate Financial, XTX Markets and 10 others
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Bee AI raises $7M for its wearable AI assistant that learns from your conversationsStartupNews•Jul 30, 2024•AI Bees, BeeBee AI, Exor, Greycroft and 3 others
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Mistral AI Launches Platform Services with API AccessMaginative•Dec 11, 2023•Mistral AI, Bpifrance, Lightspeed Venture Partners, General Catalyst and 12 others
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Inspired by Lego and Minecraft, Cubzh raises $3 million for "super welcoming" user content developmentTech.eu•Dec 06, 2022•Cubzh, New Wave
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Financial aggregation platform Airbank raises $20mAltFi•Jun 14, 2022•Molten Ventures, Revolut, N26, Freetrade and 6 others
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Sunday Raises $24 Million Seed Round To Build A Fast Restaurant Checkout FlowFinancial IT•Apr 18, 2022•sunday, Coatue, New Wave
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Sweep raises US$73 million in Series B led by CoatueBusiness Wire•Apr 05, 2022•Sweep, Coatue, Future Shape, Balderton Capital and 5 others
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Sweep Raises $ 22 Million Series A to Help Large Businesses Reduce Carbon Footprints and Expand PlatformBusiness Wire•Dec 14, 2021•Sweep, Balderton Capital, New Wave, La Famiglia and 1 other
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Sweep Launches First Enterprise Carbon Software Platform to Reduce Emissions By Mobilizing Employees and Partners; Secures $5M Funding RoundBusiness Wire•Apr 28, 2021•Sweep, New Wave, 2050do, La Famiglia
