About WaVe-X
WaVe-X is a venture capital firm founded in 2022. It is primarily based out of Wiener Neudorf, Austria. As of Nov 2026, WaVe-X is an active investor, having invested in 12 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Transportation and Logistics Tech. Most recently it participated in the $***** Seed round of Conlio Overall, WaVe-X portfolio has seen 1 unicorn and 1 IPO, namely HappyRobot and truckoo. A lot of funds co-invest with WaVe-X, with names like DTCP sharing a substantial percentage of its portfolio. WaVe-X has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
WaVe-X's List of Top Investments
WaVe-X has a portfolio of 12 companies, one of which is a Unicorn. Their most notable investmentis in SchuettflixTheir portfolio spans across Germany, United Kingdom, Austria and 1 more locations. They have invested in Enterprise Applications, High Tech, Transportation and Logistics Tech and 13 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by WaVe-X:
1. Dexory
Developer of autonomous robots and software for warehouse inventory management. These systems perform automated scanning of storage facilities to capture physical stock data. The platform integrates this information with existing warehouse management systems to identify discrepancies and monitor space utilization. Analytical tools process the collected data to provide insights regarding stock accuracy, item placement, and operational efficiency. The technology functions to replace manual audit processes by providing visibility into inventory levels and facility conditions.
Key facts about Dexory
2. HappyRobot
Developer of an AI operating system for autonomous business operations. The system facilitates intelligent decision-making and real-time actions across organizations. It builds custom AI workers capable of handling tasks such as communication, data analysis, and workflow management. The system integrates with existing tools, offers data extraction, and provides performance reporting.
Key facts about HappyRobot
- Founded Year: 2023
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $210M
- Employee Count: 258 as on Sep 30, 2026
- Investors: World Innovation Lab, Orange and 18 Others
- Latest Funding Round: Series C, Aug 04, 2026, $*****
- Highlight: Editors' Pick
3. Fuchs & Eule
Provider of energy consulting and funding application services for individual renovation projects. They document the house create a 3D model and share the renovation roadmap and speak to you personally and In funding process they handle submitting your funding application and all communication with BAFA, checking your tradesman offers and invoices and submitting the project documentation and based on the application teh customer recieves the funding amount.
Key facts about Fuchs & Eule
- Founded Year: 2021
- Location: Berlin (Germany)
- Stage: Series B
- Total Funding till date: $11.4M
- Employee Count: 82 as on Oct 31, 2026
- Investors: SET Ventures, Picus Capital and 4 Others
- Latest Funding Round: Series B, Jul 08, 2026, $*****
4. Conlio
Provider of AI-based audit and payment solutions for logistics. The platform provides solutions such as AI-powered invoice management, payment links, payment gateways, payment integration software, and more.
Key facts about Conlio
- Founded Year: 2023
- Location: Berlin (Germany)
- Stage: Seed
- Total Funding till date: $8.58M
- Employee Count: 12 as on Oct 31, 2026
- Investors: Piton Capital, Booom and 6 Others
- Latest Funding Round: Seed, Nov 03, 2026, $*****
5. All3
Developer of AI-powered design and robotic construction for building projects. The company focuses on integrating artificial intelligence with robotic fabrication to enable efficient and sustainable construction. It aims to address challenges in the construction industry by improving productivity and reducing environmental impact through automation. The company’s technology empowers architects and developers to create custom buildings more efficiently.
Key facts about All3
- Founded Year: 2023
- Location: Berlin (Germany)
- Stage: Seed
- Total Funding till date: $25M
- Employee Count: 127 as on Oct 31, 2026
- Investors: RTP Global, SuperSeed and 4 Others
- Latest Funding Round: Seed, Sep 03, 2026, $*****
WaVe-X's Year-on-Year Investment Trends
WaVe-X has invested in 12 companies over the last 3 years, with an average of 3 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Nov 2026, it has made 4 investments in this year. Its most recent first time investment was in Conlio and most recent follow-on round was in HappyRobot.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 2 | 1 | 3 |
2024 | 4 | 1 | 5 |
2023 | 2 | 0 | 2 |
WaVe-X's Investments by Stage
WaVe-X has made 4 investments in Seed stage with an average round size of $6.06M, 3 investments in Series A stage with an average round size of $2.11M, 2 investments in Series B stage with an average round size of $27.7M, 1 investment in Conventional Debt stage with an average round size of $24M and 1 investment in Post IPO stage with an average round size of $426K.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 3 |
Series B | 2 |
Conventional Debt | 1 |
Post IPO | 1 |
Note: We have considered here, only first round of investments
WaVe-X's Investments by Sector
WaVe-X has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Transportation and Logistics Tech and Vertical SaaS. Notably, it has invested in 10 Enterprise (B2B) companies, 10 Tech companies, 8 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
Consumer | 4 |
High Tech | 4 |
Transportation and Logistics Tech | 4 |
Vertical SaaS | 3 |
Others | 19 |
Note: We have considered here, only first round of investments
WaVe-X's Investments by Geography
WaVe-X has made most investments in Germany (6), followed by United Kingdom where it has made 3 investments.Country | No. of Investments |
|---|---|
Germany | 6 |
United Kingdom | 3 |
Austria | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
WaVe-X's recent investments
WaVe-X has made 4 investments in 2026 so far. Conlio and All3 are the latest among them.Here are the most recent investments by WaVe-X:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 03, 2026 | Germany | Seed | 6695 | [+6] | |
Sep 03, 2026 | Germany | Seed | 4846 | - | |
Aug 04, 2026 | United States | Series C | 8399 | [+10] | |
Jul 08, 2026 | Germany | Series B | 7107 | [+4] | |
Oct 14, 2025 | United Kingdom | Series C | 6123 | [+7] |
Unicorns in WaVe-X's Portfolio
WaVe-X has 1 unicorn in its portfolio - HappyRobot. The most recent unicorn in their portfolio is HappyRobot which became a unicorn in 2026.Here is a list of unicorns in WaVe-X's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of an AI operating system for autonomous business operations | 2023 | San Francisco | Series C | cyqpuze |
IPOs and Publicly Listed companies in WaVe-X's Portfolio
1 of WaVe-X's portfolio company became public - truckoo. It got listed on the Euronext Exchange (Euronext), in Nov 2019 at marketcap of $2.84BHere are WaVe-X's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 11, 2019 | Apr 16, 2024 | Post IPO | 6549 |
Team profile of WaVe-X
WaVe-X has a team of 4 members including 1 Partner and 2 Principals located in Austria. WaVe-X's team does not sit on the board of any company as of now.Here is a list of all team members in WaVe-X:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Vienna | - | ||
Principal | Sankt Polten | - | - | |
Principal | Vienna | - | - |
Co-investors of WaVe-X
Over the past 3 years, 73 investors have co-invested in WaVe-X's portfolio companies. This includes funds and angels.
- Invested before WaVe-X: Lakestar, Kindred Capital and 38 others have invested in rounds before WaVe-X. There is 1 company where Lakestar has invested before WaVe-X and 1 company where Kindred Capital has invested before WaVe-X.
- Top Co-investors of WaVe-X: 22 investors entered a company along with WaVe-X. These include investors like DTCP (1 company).
- Invested after WaVe-X: A total of 11 investors have invested in WaVe-X's portfolio after their investments. Top Investors include Eurazeo (2 companies), Endeavor (2 companies) and LTS Investments (1 company).
Recent News related to WaVe-X
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HappyRobot Secures $150 Million Series C Funding to Expand Enterprise AI Agent PlatformIntelligentcio•Aug 04, 2026•HappyRobot, Prysm Capital, Koch Disruptive Technologies, Eurazeo and 11 others
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Dexory secures $165M to accelerate AI-driven warehouse intelligenceFreightWaves•Oct 14, 2025•Dexory, Endeavor, Atomico, LTS Investments and 15 others
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HappyRobot raises USD $44 million to boost AI for supply chainsIT Brief UK•Sep 03, 2025•HappyRobot, Base10 Partners, Andreessen Horowitz, Array Ventures and 14 others
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RIIICO Secures $5M Seed Round to Modernize Industrial ProductionStartup Rise EU•Jun 12, 2025•RIIICO, PI LABS, Earlybird, WaVe-X and 1 other
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Dexory Raises $80M in Series B to Fuel Global Expansion and AI-Driven Robotics DevelopmentSilicon Valley Journals•Oct 01, 2024•Dexory, DTCP, Latitude, Wavex Auto Car and 9 others
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Dodona Analytics Raises Series A FundingFinSMEs•Jun 27, 2024•Dodona eMobility, Flashpoint, WaVe-X, Pan-Adria Partners
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WaVe-X invests EUR 400,000 in TruckooStartbase•Apr 16, 2024•truckoo, MobilityFund, vent.io, WaVe-X and 5 others
