About WAVE Equity Partners
WAVE Equity Partners is a venture capital firm founded in 2013. It is primarily based out of Boston, United States. As of Aug 2023, WAVE Equity Partners has invested in 28 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Environment Tech. Most recently it participated in the $***** Series F round of AeroSafe Global Overall, WAVE Equity Partners portfolio has seen 1 unicorn, 3 IPOs and 5 acquisitions including key companies like Gradiant, Intellihot and Evergreen Solar. A lot of funds co-invest with WAVE Equity Partners, with names like NXT Ventures sharing a substantial percentage of its portfolio. WAVE Equity Partners has team of 12 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
WAVE Equity Partners' List of Top Investments
WAVE Equity Partners has a portfolio of 28 companies, one of which is a Unicorn. Their most notable investments are in MyHeatworks and intelligent fluids.Their portfolio spans across United States, United Kingdom, Canada and 3 more locations. They have invested in High Tech, Enterprise Applications, Environment Tech and 20 other sectors, across stages such as Series A, Series B and 1 more. Here is the list of top investments by WAVE Equity Partners:
1. Gradiant
Provider of industrial water treatment solutions and technologies. It offers end-to-end, turnkey treatment systems engineered to meet specific customer requirements. Services include water reduction, reclamation, and renewal, recovering valuable resources from wastewater. Custom chemical formulations are developed in-house to support these technologies. The company's solutions address various industrial sectors, focusing on minimizing environmental impact and optimizing water usage. Technologies include those for PFAS removal, lithium extraction, and green hydrogen production.
Key facts about Gradiant
- Founded Year: 2013
- Location: Woburn (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $400M
- Employee Count: 909 as on Aug 31, 2026
- Investors: Schechter, WorldQuant Ventures and 18 Others
- Latest Funding Round: Series E, May 18, 2026, $*****
- Highlight: Editors' Pick
2. Carbon Clean
Developer of modular carbon capture systems for heavy industrial applications. These systems utilize proprietary solvent technology and heat integration to remove carbon dioxide emissions from industrial processes. The equipment is designed for installation in space-constrained environments to facilitate emission reduction. The technology supports the decarbonization of manufacturing and energy production facilities through scalable capture units.
Key facts about Carbon Clean
- Founded Year: 2009
- Location: London (United Kingdom)
- Annual Revenue: £1M - £10M as on Mar 31, 2023
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $243M
- Employee Count: 188 as on Aug 31, 2026
- Investors: Pegasus Tech Ventures, Samsung Venture Investment and 61 Others
- Latest Funding Round: Grant (prize money), May 31, 2022, $*****
- Highlight: Editors' Pick
Provider of cold-chain logistics services to the bio-pharma industry. It builds customized solutions that ensure the safe delivery of temperature-sensitive biopharmaceuticals with proprietary packaging, logistics and operational services.
Key facts about AeroSafe Global
- Founded Year: 1995
- Location: Rochester (United States)
- Stage: Series F
- Total Funding till date: $198M
- Employee Count: 148 as on Aug 31, 2026
- Investors: Comerica, North Sky Capital and 10 Others
- Latest Funding Round: Series F, Aug 22, 2023, $*****
- Highlight: Editors' Pick
Developer of sustainable solid-state batteries. Its various applications, including electric vehicles, homes, and critical infrastructure. Its battery technology is designed to be safe, sustainable, and scalable.
Key facts about Factorial Energy
- Founded Year: 2013
- Location: Woburn (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $244M
- Employee Count: 132 as on Aug 31, 2026
- Investors: North Sky Capital, YX Capital and 16 Others
- Latest Funding Round: Series D, Jan 07, 2026, $*****
- Highlight: Editors' Pick
Manufacturer of carbon nanotechnology materials for various applications and industries. The company provides materials for transparent heaters used in automotive and industrial settings. It also offers materials for transparent antennas, EMI shielding, low carbon cement, and battery applications. These materials cater to industries including commercial and industrial concrete, automotive, and consumer electronics.
Key facts about Chasm Technologies
- Founded Year: 2005
- Location: Westwood (United States)
- Stage: Series C
- Total Funding till date: $38.7M
- Employee Count: 29 as on Aug 31, 2026
- Investors: WAVE Equity Partners, NXT Ventures and 4 Others
- Latest Funding Round: Series C, Sep 12, 2024, $*****
- Highlight: Editors' Pick
WAVE Equity Partners' Year-on-Year Investment Trends
WAVE Equity Partners has invested in 28 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in MayMaan and most recent follow-on round was in AeroSafe Global.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 3 | 1 | 4 |
2022 | 1 | 1 | 2 |
2021 | 2 | 2 | 4 |
2020 | 3 | 1 | 4 |
2019 | 0 | 0 | 0 |
2018 | 2 | 1 | 3 |
WAVE Equity Partners' Investments by Stage
WAVE Equity Partners has made 7 investments in Series A stage with an average round size of $12.6M, 5 investments in Series B stage with an average round size of $19.3M and 1 investment in Series F stage with an average round size of $47.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Series B | 5 |
Series F | 1 |
Note: We have considered here, only first round of investments
WAVE Equity Partners' Investments by Sector
WAVE Equity Partners has a diverse portfolio, with companies operating in the Sustainability Tech, High Tech, Energy Tech, Environment Tech and Chemicals and Materials Tech. Notably, it has invested in 20 Enterprise (B2B) companies, 19 Tech companies, 10 Software companies and at least 7 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Sustainability Tech | 8 |
High Tech | 7 |
Energy Tech | 6 |
Environment Tech | 6 |
Chemicals and Materials Tech | 2 |
Others | 16 |
Note: We have considered here, only first round of investments
WAVE Equity Partners' Investments by Geography
WAVE Equity Partners has made most investments in United States (9), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 9 |
United Kingdom | 2 |
France | 1 |
Germany | 1 |
Note: We have considered here, only first round of investments
WAVE Equity Partners' recent investments
WAVE Equity Partners has not made any investment in 2026 so far.Here are the most recent investments by WAVE Equity Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 22, 2023 | United States | Series F | 6935 | [+5] | |
May 02, 2023 | United States | Series A | 8891 | - | |
Mar 15, 2023 | Germany | Series B | 6393 | [+1] | |
Feb 16, 2023 | United Kingdom | Series B | 8513 | - | |
Mar 2022 | France | Series A | 7409 | [+1] |
Unicorns in WAVE Equity Partners' Portfolio
WAVE Equity Partners has 1 unicorn in its portfolio - Gradiant. The most recent unicorn in their portfolio is Gradiant which became a unicorn in 2023, 3 years before WAVE Equity Partners first invested in it.Here is a list of unicorns in WAVE Equity Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Provider of industrial water treatment solutions and technologies | 2013 | Woburn | Series E | fvbk{lk |
IPOs and Publicly Listed companies in WAVE Equity Partners' Portfolio
3 of WAVE Equity Partners' portfolio companies have become public. SystemSoft got listed on the Tokyo Stock Exchange (TSE), in Jul 2013 and Evergreen Solar got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $155M.Here are WAVE Equity Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2013 | - | - | 1814 | |
Nov 02, 2000 | - | - | 8676 | |
- | - | - | 3611 |
Acquired companies in WAVE Equity Partners' Portfolio
5 companies from WAVE Equity Partners' portfolio have been acquired. The most recent acquisition was Intellihot in Jul 2026 by Zurn Elkay for $*****.Here are WAVE Equity Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 20, 2026 | Dec 07, 2021 | Series B | 2312 | |
Jan 26, 2021 | - | - | 5452 | |
Feb 21, 2016 | - | - | 2119 | |
Aug 01, 2013 | - | - | 6405 | |
Nov 03, 1999 | - | - | 2809 |
Team profile of WAVE Equity Partners
WAVE Equity Partners has a team of 12 members including 6 Partners and 1 Principal located in United States. WAVE Equity Partners' team does not sit on the board of any company as of now.Here is a list of top team members in WAVE Equity Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Boston | - | - | |
Partner | Boston | - | - | |
Partner | Boston | - | - | |
Partner | - | - | - | |
Partner | Boston | - | - | |
Partner | - | - | - | |
Principal | - | - |
Co-investors of WAVE Equity Partners
Over the past 10 years, 54 investors have co-invested in WAVE Equity Partners's portfolio companies. This includes funds and angels.
- Invested before WAVE Equity Partners: Europa, HHS and 17 others have invested in rounds before WAVE Equity Partners. There are 2 companies where Europa has invested before WAVE Equity Partners and 2 companies where HHS has invested before WAVE Equity Partners.
- Top Co-investors of WAVE Equity Partners: 13 investors entered a company along with WAVE Equity Partners. These include investors like NXT Ventures (2 companies).
- Invested after WAVE Equity Partners: A total of 22 investors have invested in WAVE Equity Partners's portfolio after their investments. Top Investors include Gov (1 company), Samsung (1 company) and CEMEX Ventures (1 company).
Recent News related to WAVE Equity Partners
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Camus Energy Raises 10M in Series A Extension; Brings Total Round to $26MFinSMEs•Feb 13, 2024•Camus Energy, Congruent Ventures, Wave Capital, Align Impact and 5 others
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AeroSafe Global Raises $43M FinancingFinSMEs•Aug 29, 2023•AeroSafe Global, NewSpring, Peloton Equity, Merck and 5 others
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MayMaan Research rides the WAVE to $30M investment to develop clean energy technologyRefresh Miami•May 03, 2023•MayMaan, WAVE Equity Partners
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Penske acquires Star Truck Rentals Inc.Land Line•Apr 27, 2023•Penske Truck Leasing, Star Truck Rentals, Penske, MayMaan and 1 other
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Osborne Clarke reveals role on AI start-up firm's Series BInsider Media•Mar 10, 2023•Osborne Clarke, QiO, WAVE Equity Partners, Fintern
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