About Next Wave Impact
Next Wave Impact is a venture capital firm founded in 2015. It is primarily based out of Denver, United States. As of Apr 2021, Next Wave Impact has invested in 32 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and Consumer. Most recently it participated in the $***** Series A round of Localized Overall, Next Wave Impact portfolio has seen 1 IPO and 6 acquisitions including key companies like Solstice, RenovoRx and Trouva. A lot of funds co-invest with Next Wave Impact, with names like SustainVC sharing a substantial percentage of its portfolio. Next Wave Impact has team of 12 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series B & 1 more
Portfolio IPOs
Next Wave Impact's List of Top Investments
Next Wave Impact has a portfolio of 32 companies. Their most notable investments are in StormSensor and Localized.Their portfolio spans across United States, United Kingdom, Switzerland and 4 more locations. They have invested in Enterprise Applications, Life Sciences, Consumer and 17 other sectors, across stages such as Seed, Series B and 1 more. Here is the list of top investments by Next Wave Impact:1. Solstice
Community solar provider unlocking clean energy access and savings for all. This organization focuses on expanding access to solar energy through community solar gardens, enabling individuals and businesses to benefit from solar power without needing to install panels on their property. They connect subscribers to local solar projects, providing credits on their electricity bills based on the solar garden's production. This model promotes affordable, accessible, and responsible energy consumption, supporting a cleaner and more equitable energy grid. They offer a platform for individuals, households, developers, and businesses to participate in the clean energy transition, fostering a community-driven approach to sustainability. The organization emphasizes ease of enrollment, cost savings, and environmental impact, making solar energy accessible to a broader audience. They provide customer support, educational resources, and partnership opportunities to further their mission of equitable access to clean energy.
Key facts about Solstice
- Founded Year: 2016
- Location: Boston (United States)
- Stage: Acquired
- Total Funding till date: $7.44M
- Employee Count: 32 as on Sep 30, 2026
- Investors: SE Ventures, Elemental and 24 Others
- Latest Funding Round: Seed, Jan 15, 2021, $*****
- Highlight: Acquired
2. Joylux
Internet first brand offering multi-category beauty products. The company offers intimate health devices, serum, gel, wipes, travel bags, skin rejuvenate lamps, etc. The company offers an intimate care device that includes low-level light, gentle heat, and sonic technology that enhances blood flow.
Key facts about Joylux
- Founded Year: 2014
- Location: Seattle (United States)
- Stage: Series A
- Total Funding till date: $33M
- Employee Count: 20 as on Aug 31, 2026
- Investors: For Good Ventures, J-Ventures and 22 Others
- Latest Funding Round: Series A, Sep 16, 2024, $*****
- Highlight: Editors' Pick
3. RenovoRx
Developer of endovascular catheters for targeted delivery of IV fluids to peripheral organs. It develops endovascular catheters for the visceral and peripheral vascular systems. The RenovoRx device can be used to deliver both therapeutic(such as drugs)and diagnostic fluids(such as contrast agents) to the target organ through veins. The device allows for isolated vessel perfusion i.e. a balloon is inflated within the blood vessels to block blood flow to other organs to maximize the amount of blood flow(and IV fluids reaching the target organ.
Key facts about RenovoRx
- Founded Year: 2009
- Location: Los Altos (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $10.9M
- Employee Count: 31 as on Aug 31, 2026
- Investors: Portfolia, b2venture and 10 Others
- Latest Funding Round: Post IPO, Mar 20, 2026, $*****
- Highlight: Public
4. Datamaran
Provider of an AI platform for environmental, social, and governance insights. The platform transforms information into actionable insights for navigating the ESG landscape. It allows users to compare internal priorities with external risks and opportunities. The platform helps to identify risk drivers and monitor regulations impacting regulatory risk.
Key facts about Datamaran
- Founded Year: 2014
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $53.6M
- Employee Count: 116 as on Sep 30, 2026
- Investors: Morgan Stanley, West Hill Capital and 5 Others
- Latest Funding Round: Series C, Sep 19, 2024, $*****
- Highlight: Editors' Pick
Producer of moringa-based superfood products. It offers a variety of moringa-infused items, including powders, gummies, blends, lattes, and shakes. The company sources its moringa from small farming communities, emphasizing sustainable and ethical practices. Products are crafted to be both nutritious and delicious, focusing on the health benefits of moringa. The company also provides educational resources about moringa and its uses.
Key facts about Kuli Kuli Foods
- Founded Year: 2011
- Location: Oakland (United States)
- Stage: Series B
- Total Funding till date: $10.8M
- Employee Count: 518 as on Aug 31, 2026
- Investors: For Good Ventures, Authentic Ventures and 27 Others
- Latest Funding Round: Conventional Debt, Aug 23, 2022, $*****
- Highlight: Editors' Pick
Next Wave Impact's Year-on-Year Investment Trends
Its most recent first time investment was in Stony Creek Colors and most recent follow-on round was in Localized.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 2 | 1 | 3 |
2020 | 1 | 0 | 1 |
2019 | 3 | 1 | 4 |
2018 | 2 | 0 | 2 |
Next Wave Impact's Investments by Stage
Next Wave Impact has made 5 investments in Seed stage with an average round size of $1.99M, 2 investments in Series B stage with an average round size of $7M and 1 investment in Series A stage with an average round size of $5M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series B | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
Next Wave Impact's Investments by Sector
Next Wave Impact has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, EdTech, High Tech and Sustainability Tech. Notably, it has invested in 30 Tech companies, 21 Enterprise (B2B) companies, 14 Consumer (B2C) companies and at least 13 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Consumer | 2 |
EdTech | 2 |
High Tech | 2 |
Sustainability Tech | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
Next Wave Impact's Investments by Geography
Next Wave Impact has made most investments in United States (6), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 6 |
Canada | 1 |
Georgia | 1 |
Note: We have considered here, only first round of investments
Next Wave Impact's recent investments
Next Wave Impact has not made any investment in 2026 so far.Here are the most recent investments by Next Wave Impact:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 02, 2021 | United States | Series A | 7861 | ||
Mar 01, 2021 | United States | Series B | 1380 | ||
Jan 15, 2021 | United States | Seed | 7549 | ||
Mar 12, 2020 | United States | Series A | 5206 | [+4] | |
Dec 03, 2019 | Georgia | Seed | 8816 | [+6] |
IPOs and Publicly Listed companies in Next Wave Impact's Portfolio
1 of Next Wave Impact's portfolio company became public - RenovoRx. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Aug 2021 at marketcap of $75.5MHere are Next Wave Impact's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 26, 2021 | - | - | 6185 |
Acquired companies in Next Wave Impact's Portfolio
6 companies from Next Wave Impact's portfolio have been acquired. The most recent acquisition was Solstice in Feb 2026 by Perch Energy for $*****.Here are Next Wave Impact's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 19, 2026 | Jan 15, 2021 | Seed | 8670 | |
Jun 10, 2025 | - | - | 9241 | |
Oct 08, 2024 | - | - | 6410 | |
Jan 09, 2024 | Jun 17, 2019 | Seed | 3548 | |
Jun 05, 2020 | - | - | 6406 |
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Team profile of Next Wave Impact
Next Wave Impact has a team of 12 members including 2 Partners and 7 Principals located in United States and Vietnam. Next Wave Impact's team does not sit on the board of any company as of now.Here is a list of top team members in Next Wave Impact:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Glenwood Springs | - | ||
Partner | Montpelier | - | - | |
Principal | Ho Chi Minh City | |||
Principal | San Francisco | - | - | |
Principal | Smithfield | - | - | |
Principal | Cambridge | - | - | |
Principal | Atlantic Beach | - | - | |
Principal | Seattle | - | - | |
Principal | Washington, DC | - | - |
Co-investors of Next Wave Impact
Over the past 8 years, 93 investors have co-invested in Next Wave Impact's portfolio companies. This includes funds and angels.
- Invested before Next Wave Impact: Radicle Capital, VilCap Investments and 32 others have invested in rounds before Next Wave Impact. There are 2 companies where Radicle Capital has invested before Next Wave Impact and 2 companies where VilCap Investments has invested before Next Wave Impact.
- Top Co-investors of Next Wave Impact: 44 investors entered a company along with Next Wave Impact. These include investors like SustainVC (2 companies).
- Invested after Next Wave Impact: A total of 15 investors have invested in Next Wave Impact's portfolio after their investments. Top Investors include Whole Foods Market (1 company), SteelSky Ventures (1 company) and Trend Forward Capital Management (1 company).
Recent News related to Next Wave Impact
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Plant-based dog food company closes funding round at $1.01 millionPet Food Processing•Jan 11, 2023•THE PACK, Scelta Mushrooms, Veg Capital, Kale United and 5 others
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Colorado-based impact investor drives $500K in funding to founders of colorThe Business Journals•Aug 28, 2021•Next Wave Impact
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Localized raises $2.2 million Seed roundWamda•Apr 02, 2021•Localized, Angel Ventures, Next Wave Impact, Bisk Ventures and 1 other
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Natural Indigo Maker Stony Creek Colors Raises $9M Series BSGB Media•Mar 02, 2021•iSelect, Green Spark Ventures, Lewis & Clark Agrifood, Next Wave Impact and 3 others
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Solstice Raises $3.1M in FundingFinSMEs•Jan 18, 2021•TotalEnergies Carbon Neutrality Ventures, American Family Insurance Institute for Corporate and Social Impact, Solstice, Masscec and 7 others
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Motivo Raises $2.2M Seed Round to Launch First Tele-supervision MarketplacePRWeb•Dec 03, 2019•Motivo, Cox Enterprises, Techstars, SEI Ventures and 9 others
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StormSensor raises cash to help cities track stormwater data and prevent pollution or floodingGeekWire•Jun 11, 2018•StormSensor, Frontier Angel Fund, Next Wave Impact, E8 and 1 other
