Investors / Sweden / Wave Ventures
Wave Ventures
Venture capital · Stockholm, Sweden · Europe
Wave Ventures is a venture capital firm founded in 2016 that invests in early-stage startups. It is run by a rotating team of young investors embedded in startup ecosystems across the Nordics and manages three funds.
Invests inAI & Machine Learning
In its own wordsnordicsearly-stagefoundersnext-generation
Your fit with Wave Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsWave Ventures lists 53 checked portfolio companies on its own site and is named in 7 funding rounds, 1 of them as lead. Its most frequent entry is Seed, 83% of the companies with a known first round. Its largest themes are AI & Machine Learning (24%), Fintech (11%) and Industrial & Manufacturing (10%). 44% of its companies are based in Sweden. It invests most often alongside Lifeline Ventures, Wave Ventures and Y Combinator.
Counts come from funding rounds that name Wave Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Wave Ventures' whole history. Rounds on record name 6 companies; its own site lists 53. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 83% |
| Series A | 17% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 1 | 0 |
| '25 | 2 | 0 |
| '26 | 4 | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 85th | 53 companies |
| Recent activity | 82th | 4 rounds in 12 months |
| Early stage | 84th | 83% of entries at pre-seed or seed |
| Evidence | 59th | 4% of companies confirmed by a round |
| Sector focus | 32th | 24% in its largest sector |
| Reach | 88th | 7 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 24% | 18% |
| Fintech | 11% | 12% |
| Industrial & Manufacturing | 10% | 7% |
| E-commerce & Marketplaces | 10% | 6% |
| Cybersecurity | 7% | 4% |
| Healthcare & Biotech | 6% | 15% |
| Real Estate & Construction | 4% | 3% |
| Media & Entertainment | 4% | 4% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Lifeline Ventures | 9 |
| Wave Ventures | 9 |
| Y Combinator | 9 |
| Further Than Capital | 4 |
| byFounders | 4 |
| Alliance VC | 3 |
| Failup Ventures | 3 |
| Luminar Ventures | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers5298%
- No longer answers00%
- Points to another company12%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Lifeline Ventures
Compare Wave Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Funds
as stated on its siteRecent portfolio activity
when companies last raised with Wave Ventures| Date | Company | Stage |
|---|---|---|
| 26 May 2026 | Series A | |
| 19 May 2026 | Seed | |
| 12 Mar 2026 | Seed Led | |
| 11 Mar 2026 | Seed | |
| 10 Jun 2025 | Seed | |
| 30 Apr 2025 | Series A | |
| 5 Nov 2024 | Seed |
Round details for Wave Ventures
Amounts, full round histories and every co-investor in Wave Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
53 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Ambio supplies recycled materials to plastic converters across Europe. | Industrial & Manufacturing | Portfolio page | ||
| Andon Labs develops and deploys artificial intelligence to run and grow real businesses autonomously | AI & Machine LearningRobotics & Hardware | Portfolio page | ||
| Arkyv provides AI-powered tools for architecture, engineering, and construction teams to automate BIM tasks and workflows. | AI & Machine LearningReal Estate & Construction | Portfolio page | ||
| Portfolio page | ||||
| Bahn Express transports vehicles across Europe | Mobility & Logistics | Portfolio page | ||
| Boksi helps brands connect with creators for influencer collaborations and user-generated content | Media & EntertainmentE-commerce & Marketplaces | Portfolio page | ||
| Portfolio page | ||||
| Carbo Culture develops and implements a biochar carbon removal solution using proprietary climate technology to convert waste biomass into stable biochar, locking carbon away for centuries and generating renewable energy. | Climate & EnergyAI & Machine Learning | Portfolio page | ||
| CRACI provides automated cyber resilience for developers and agents, making every build the first line of defense against vulnerabilities and supply chain security threats. | CybersecurityDeveloper Tools | May 2026Seed | Page + round | |
| Cybret AI provides continuous, autonomous testing to find security vulnerabilities that attackers could exploit | Cybersecurity | Portfolio page | ||
| Dissei backs specialist lending partners across Europe with its balance sheet and AI systems, and provides financing to companies, typically between €1m to €40m. | FintechLegal & Compliance | Portfolio page | ||
| Endform runs Playwright tests at scale, allowing users to run tests up to 10x faster by changing a single CLI command | Healthcare & BiotechCybersecurity | Mar 2026Seed | Funding round | |
| Favora develops a mobile app that aggregates fashion brands and provides users with personalized product recommendations | E-commerce & MarketplacesFintech | Portfolio page | ||
| Fika Jobs creates video profiles for job applicants using AI-powered video calls | Human ResourcesAI & Machine Learning | Portfolio page | ||
| FinanceKey provides a real-time treasury platform powered by AI for managing cash flows, payments, and bank accounts | FintechAI & Machine Learning | Jun 2025Seed | Funding round | |
| Fluencify runs creator marketing programs for brands and agencies, handling tasks such as briefing, matching, quality control, distribution, and payouts. | E-commerce & MarketplacesMedia & Entertainment | Portfolio page | ||
| The company provides a card and system for automatic expense management and receipt tracking for businesses. | FintechSpace & Defense | Portfolio page | ||
| Clair provides an AI workspace to help retail buying teams build winning assortments and drive incremental profit. | AI & Machine LearningE-commerce & Marketplaces | Portfolio page | ||
| Hashlist builds custom evaluations, data sets, and refines data for the embedded engineering domain | AI & Machine LearningIndustrial & Manufacturing | Portfolio page | ||
| Hedda provides AI-powered software for construction and infrastructure projects to connect and automate data and workflows. | AI & Machine LearningReal Estate & Construction | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- wave.ventures
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 5 Nov 2024
- Companies checked
- 53
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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