About Wave7
Wave7 is a venture capital firm founded in 2020. It is primarily based out of Los Angeles, United States. As of May 2022, Wave7 has invested in 28 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Series A round of Nyan Heroes Overall, Wave7 portfolio has seen 3 unicorns, namely MoonPay, Tonal and Pipe. A lot of funds co-invest with Wave7, with names like Shima Capital sharing a substantial percentage of its portfolio. Wave7 has team of 5 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
Wave7's List of Top Investments
Wave7 has a portfolio of 28 companies, including 3 unicorns. Their most notable investments include MoonPay and Audius.Their portfolio spans across United States, United Kingdom, Singapore and 5 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 8 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Wave7:1. MoonPay
Provider of platform for buying, selling, and swapping various cryptocurrencies. The platform facilitates the instant purchase of cryptocurrencies using various payment methods. It also enables users to sell cryptocurrencies directly to their bank accounts or cards. Additionally, the platform offers the ability to send and receive cryptocurrencies.
Key facts about MoonPay
- Founded Year: 2018
- Location: Dover (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $645M
- Employee Count: 438 as on May 31, 2026
- Investors: New Enterprise Associates, K2 Global and 79 Others
- Latest Funding Round: Conventional Debt, Mar 21, 2025, $*****
- Highlight: Editors' Pick
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2. Audius
Decentralized audio distribution platform. Creators can generate immutable & timestamped records for the creative works and register the assets to the Audius network. Utilizes Audius blockchain technology to automate and secure payments. Artists can choose from pre-existing license terms or create their own and automate the payments, transfers, and issuance of licenses. The platform has two tokens, a utility token called "LOUD" and a governance token called "Audius".
Key facts about Audius
- Founded Year: 2018
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $16.1M
- Employee Count: 38 as on Mar 31, 2026
- Investors: General Catalyst, Sound Ventures and 34 Others
- Latest Funding Round: Series A, Sep 16, 2021, $*****
- Highlight: Editors' Pick
3. Tonal
Provider of smart home gym equipment and personalized workout programs. The company offers equipment with adaptive weight technology and real-time guidance. It provides access to various workouts and training programs. Memberships include unlimited accounts for household use and advanced lifting modes. The company also offers certified refurbished equipment and accessories.
Key facts about Tonal
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $535M
- Employee Count: 403 as on May 31, 2026
- Investors: Sapphire Ventures, Dragoneer Investment Group and 41 Others
- Latest Funding Round: Series E, Apr 10, 2023, $*****
- Highlight: Editors' Pick
4. Pipe
Online revenue-based financing marketplace for SaaS businesses. It offers a solution that connects businesses with investors for revenue-based financing. Businesses can integrate the accounting and ERP systems to the platform using APIs. The loan amount is based on the business data obtained from the system. It features integrations with existing payment tools and automated monthly statements.
Key facts about Pipe
- Founded Year: 2019
- Location: Los Angeles (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $332M
- Employee Count: 417 as on May 31, 2026
- Investors: Founders Circle Capital, Scale Up Venture Capital and 92 Others
- Latest Funding Round: Series C, Jan 05, 2026, $*****
- Highlight: Editors' Pick
5. Chingari
Platform offering live streaming, gaming, and social interaction with rewards for creators and users. It is a live streaming and gaming app that allows users to create and share content, engage with others, and earn rewards. The platform is available on both Android and iOS devices and has a strong presence in India. Chingari offers various features such as live streaming, chat rooms, and games that enable users to interact with each other in real-time.
Key facts about Chingari
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: ₹43.6Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $61.6M
- Employee Count: 68 as on Apr 30, 2025
- Investors: Valor Equity Partners, Orthogonal Thinker and 130 Others
- Latest Funding Round: Series A, Feb 09, 2023, $*****
- Highlight: Editors' Pick
Wave7's Year-on-Year Investment Trends
Wave7 has invested in 28 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Nyan Heroes.Wave7's Investments by Stage
Wave7 has made 2 investments in Seed stage with an average round size of $5.5M and 1 investment in Series A stage with an average round size of $7.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
Wave7's Investments by Sector
Wave7 has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, FinTech, Blockchain Technology, High Tech and Consumer. Notably, it has invested in 26 Tech companies, 21 Blockchain companies, 19 Consumer (B2C) companies and at least 12 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 3 |
FinTech | 3 |
Blockchain Technology | 2 |
High Tech | 2 |
Consumer | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Wave7's Investments by Geography
Wave7 has made most investments in United States (3).Wave7's recent investments
Wave7 has not made any investment in 2026 so far.Here are the most recent investments by Wave7:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 09, 2022 | United States | Series A | 2727 | [+3] | |
Feb 11, 2022 | United States | Seed | 4157 | [+12] | |
Nov 12, 2021 | United States | Seed | 2257 | [+13] |
Unicorns in Wave7's Portfolio
Wave7 has 3 unicorns in its portfolio - MoonPay, Tonal and Pipe. The most recent unicorn in their portfolio is MoonPay. It became a unicorn in 2021, 4 years before Wave7 first invested in it.Here is a list of unicorns in Wave7's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
81 | Provider of platform for buying, selling, and swapping various cryptocurrencies | 2018 | Dover | Series A | hwu{hvt | ||
72 | Provider of smart home gym equipment and personalized workout programs | 2015 | San Francisco | Series E | rbdurft | ||
66 | Online revenue-based financing marketplace for SaaS businesses | 2019 | Los Angeles | Series C | hidmwzh |
Team profile of Wave7
Wave7 has a team of 5 members including 5 Partners located in United States. Wave7's team does not sit on the board of any company as of now.Here is a list of all team members in Wave7:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Los Angeles | - | ||
Partner | Los Angeles | - | ||
Partner | Los Angeles | - | ||
Partner | Los Angeles | - | ||
Partner | New York City | - |
Co-investors of Wave7
Over the past 5 years, 62 investors have co-invested in Wave7's portfolio companies. This includes funds and angels.
- Invested before Wave7: Mechanism Capital, Ryze Labs and 11 others have invested in rounds before Wave7. There is 1 company where Mechanism Capital has invested before Wave7 and 1 company where Ryze Labs has invested before Wave7.
- Top Co-investors of Wave7: 29 investors entered a company along with Wave7. These include investors like Shima Capital (2 companies).
- Invested after Wave7: A total of 20 investors have invested in Wave7's portfolio after their investments. Top Investors include Circle (1 company), SHIMA (1 company) and Ari Stiegler (1 company).
