About Wave Capital
Wave Capital is a venture capital firm founded in 2017. It is primarily based out of San Francisco, United States. As of Apr 2024, Wave Capital has invested in 13 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 HealthTech. Most recently it participated in the $***** Series A round of Float Health Overall, Wave Capital portfolio has seen 4 acquisitions including key companies like Zappos, Basis and Darwin Homes. A lot of funds co-invest with Wave Capital, with names like Canvas Ventures sharing a substantial percentage of its portfolio. Wave Capital has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 1 more
Portfolio Acquisitions
Wave Capital's List of Top Investments
Wave Capital has a portfolio of 13 companies. Their most notable investments are in Camus Energy and Twity.Their portfolio spans across United States and Gibraltar. They have invested in High Tech, Enterprise Applications, HealthTech and 12 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Wave Capital:
1. Zappos
Online retailer offering multi-category fashion products. The product catalog includes footwear, apparel, handbags, eyewear, watches, and accessories from various brands. The company offers products for men, women, and kids.
Key facts about Zappos
- Founded Year: 1999
- Location: Las Vegas (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $90.5M
- Employee Count: 1,250 as on Jan 13, 2026
- Investors: Glynn Capital, Millennium Technology Value Partners and 9 Others
- Latest Funding Round: Series C, May 2007, $*****
- Highlight: Acquired
2. Thatch
Provider of an AI-powered platform for personalized travel planning services. The platform allows users to get destination suggestions and create detailed itineraries. It offers personalized recommendations based on user preferences, including photos, reviews, and maps. The platform also enables collaborative trip planning and receipt organization.
Key facts about Thatch
- Founded Year: 2018
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $5.2M
- Employee Count: 34 as on Jul 01, 2024
- Investors: Wave Capital, Freestyle and 2 Others
- Latest Funding Round: Seed, Aug 30, 2021, $*****
- Highlight: Editors' Pick
3. Basis
Developer of revenue management software solutions for telecom, media, utility companies. The software aims to reduce revenue leakage and fraud. It also improves operational effectiveness. The company’s solutions help increase overall profitability for service providers.
Key facts about Basis
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $36M
- Employee Count: 51 - 200 as on Jul 01, 2024
- Investors: Stanford University, Inovia Capital and 13 Others
- Latest Funding Round: Series C, Oct 04, 2018, $*****
- Highlight: Acquired
4. Alma
SaaS tools for SIS to educators. Provides a holistic view of student data and eliminates duplicate systems. Features include pre-formatted reports for select states, attendance management, transcripts, graduation tracking features, fee management, and more. Works on the subscription-based pricing model.
Key facts about Alma
- Founded Year: 2013
- Location: Portland (United States)
- Stage: Funding Raised
- Employee Count: 80 as on Dec 31, 2022
- Investors: Wave Capital, Arc Capital Development and 1 Other
5. Darwin Homes
Key facts about Darwin Homes
- Founded Year: 2015
- Location: Austin (United States)
- Stage: Acquired
- Total Funding till date: $30.5M
- Employee Count: 102 as on Dec 31, 2022
- Investors: Camber Creek, Canvas Ventures and 13 Others
- Latest Funding Round: Series A, Feb 08, 2022, $*****
- Highlight: Acquired
Wave Capital's Year-on-Year Investment Trends
Wave Capital has invested in 13 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Float Health.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 3 | 0 | 3 |
2023 | 0 | 0 | 0 |
2022 | 3 | 0 | 3 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
Wave Capital's Investments by Stage
Wave Capital has made 5 investments in Series A stage with an average round size of $11.4M, 3 investments in Seed stage with an average round size of $3.15M and 1 investment in Series C stage with an average round size of $3.75M.Stage of entry | No. of Investments |
|---|---|
Series A | 5 |
Seed | 3 |
Series C | 1 |
Note: We have considered here, only first round of investments
Wave Capital's Investments by Sector
Wave Capital has a diverse portfolio, with companies operating in the Blockchain Technology, Consumer, Enterprise Applications, HealthTech and Business Services. Notably, it has invested in 10 Tech companies, 7 Consumer (B2C) companies, 4 Enterprise (B2B) companies and at least 4 companies focusing on Software.Sector | No. of Investments |
|---|---|
Blockchain Technology | 2 |
Consumer | 2 |
Enterprise Applications | 2 |
HealthTech | 2 |
Business Services | 1 |
Others | 10 |
Note: We have considered here, only first round of investments
Wave Capital's Investments by Geography
Wave Capital has made most investments in United States (8), followed by Gibraltar where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 8 |
Gibraltar | 1 |
Note: We have considered here, only first round of investments
Wave Capital's recent investments
Wave Capital has not made any investment in 2026 so far.Here are the most recent investments by Wave Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 03, 2024 | United States | Series A | 9378 | [+6] | |
Mar 14, 2024 | Gibraltar | Seed | 6399 | [+9] | |
Feb 13, 2024 | United States | Series A | 6701 | [+3] | |
Dec 18, 2022 | United States | Series A | 6849 | - | |
May 17, 2022 | United States | Series A | 3921 | [+5] |
Acquired companies in Wave Capital's Portfolio
4 companies from Wave Capital's portfolio have been acquired. The most recent acquisition were Darwin Homes in Jan 2023 by Pagaya.Here are Wave Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 11, 2023 | Jan 25, 2021 | Series A | 9513 | |
Jun 04, 2021 | - | - | 7219 | |
Mar 04, 2014 | Oct 04, 2018 | Series C | 3186 | |
Jul 22, 2009 | - | - | 1806 |
Team profile of Wave Capital
Wave Capital has a team of 3 members including 2 Partners located in United States. Wave Capital's team sits on the board of 1 company.Co-investors of Wave Capital
Over the past 8 years, 58 investors have co-invested in Wave Capital's portfolio companies. This includes funds and angels.
- Invested before Wave Capital: Intel Capital, Stanford University and 9 others have invested in rounds before Wave Capital. There is 1 company where Intel Capital has invested before Wave Capital and 1 company where Stanford University has invested before Wave Capital.
- Top Co-investors of Wave Capital: 47 investors entered a company along with Wave Capital. These include investors like Canvas Ventures (2 companies).
Recent News related to Wave Capital
•
•
•
Float Raises $10M in Series A FundingFinSMEs•Mar 29, 2024•Float Health, Canvas Ventures, Wave Capital, Y Combinator and 3 others
•
Syntropy Raises Additional Funding To Unlock Potential In Web 3 Data Infrastructure SpaceBitcoin Insider•Mar 14, 2024•Synternet, CMCC Global, P2 Ventures, HV Capital and 9 others
•
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
•
Bulgaria's Webit invests in edtech iSchoolSeeNews•Dec 14, 2023•Webit Capital Partners, iSchool, iSchools, VentureWave Capital and 6 others
•
•
Thatch using $3M round to put travel creators on the mapTechCrunch+•Aug 30, 2021•Thatch, Wave Capital, Freestyle
•
Darwin Homes Raises $15M in Series A FundingFinSMEs•Jan 25, 2021•Darwin Homes, Canvas Ventures, Camber Creek, Khosla Ventures and 3 others
•
Basis Launches a New Model for Mental HealthBusiness Wire•Oct 04, 2018•Basis, Wave Capital, Lightspeed Venture Partners, Bedrock
