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Wakestream Ventures

North America, Michigan, United States, Grand Rapids

Description

Wakestream Ventures is an early-stage venture capital fund strategically located in Grand Rapids, Michigan, with a distinct focus on companies operating at the nexus of physical products and internet-driven technologies. The firm actively seeks out innovative startups that are leveraging digital advancements to enhance, distribute, or revolutionize tangible goods. This includes a broad spectrum of ventures, from e-commerce brands with unique physical offerings to companies integrating IoT into consumer products, or those creating new value chains through digital platforms for physical goods.

The fund typically provides initial investments ranging from $250,000 to $1,000,000, positioning itself to support promising early-stage companies as they scale. Wakestream Ventures is particularly interested in businesses demonstrating a clear path to profitability and led by strong, visionary teams capable of executing their growth strategies. Their investment philosophy extends beyond capital provision, aiming to be a strategic partner for their portfolio companies.

Wakestream Ventures' partners bring a wealth of experience to the table, having collectively invested in over 100 companies across various sectors prior to establishing the fund. This extensive background includes a track record of successful exits and public offerings, underscoring their deep understanding of the startup ecosystem and value creation. The firm is committed to fostering innovation within the physical product space, offering not only financial backing but also strategic guidance, operational support, and access to a valuable network to help founders navigate the complexities of building and scaling their ventures.

Investor Profile

Wakestream Ventures has backed more than 68 startups, with 1 new investments in the last 12 months alone. The firm has led 10 rounds, about 15% of its total and boasts 10 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, Health Care, Information Technology.
  • Typical check size: $250K – $1M.

Stage Focus

  • Seed (43%)
  • Series A (25%)
  • Series Unknown (12%)
  • Series B (10%)
  • Convertible Note (7%)
  • Angel (3%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • Health Care
  • Information Technology
  • Enterprise Software
  • Analytics
  • Saas
  • Apps
  • E-commerce
  • Consumer Electronics
  • Manufacturing
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Wakestream Ventures frequently co-invest with?

Techstars
North America, Colorado, United States, Boulder
Co-Investments: 3
Start Garden
North America, Michigan, United States, Grand Rapids
Co-Investments: 6
Michigan Rise
North America, Michigan, United States, East Lansing
Co-Investments: 4
Michigan Angel Fund
North America, Michigan, United States, Ann Arbor
Co-Investments: 7
Northern Michigan Angels
North America, Michigan, United States, Traverse City
Co-Investments: 4
Collaborative Fund
North America, New York, United States, New York
Co-Investments: 3
Lux Capital
North America, New York, United States, New York
Co-Investments: 3
Invest Detroit
North America, Michigan, United States, Detroit
Co-Investments: 6
Grand Angels
North America, Michigan, United States, Holland
Co-Investments: 4
RRE Ventures
North America, New York, United States, New York
Co-Investments: 3

Which angels does Wakestream Ventures often collaborate with?

SS
North America, Illinois, United States, Chicago
Shared Deals: 1
RC
North America, California, United States
Shared Deals: 1
ML
North America, Colorado, United States
Shared Deals: 1
David Calone
North America, New York, United States, East Setauket
Shared Deals: 1
LR
North America, California, United States, Palo Alto
Shared Deals: 2
NP
North America, Michigan, United States, Detroit
Shared Deals: 1
WW
North America, Massachusetts, United States, Boston
Shared Deals: 2
TF
North America, California, United States, San Francisco
Shared Deals: 2
LG
North America, California, United States, San Francisco
Shared Deals: 1
CP
North America, Washington, United States, Seattle
Shared Deals: 1

What are some of recent deals done by Wakestream Ventures?

ATLAS Space Operations

Traverse City, Michigan, United States

ATLAS Space Operations is the Satellite Communications as a Service Getting Your Data, Faster

AerospaceEnterprise SoftwareTelecommunications
Series UnknownSep 4, 2024
Amount Raised: $15,000,000
ADHD Online

Grand Rapids, Michigan, United States

ADHD Online provides a platform that enables patients to receive a formal evaluation for ADHD.

Health CareMedicalmHealth
Series AJul 20, 2023
SensCy

Ann Arbor, Michigan, United States

SensCy provides sensible cybersecurity solutions for small and medium-sized organizations.

Cyber SecurityNetwork SecuritySoftware
SeedDec 9, 2022
Amount Raised: $4,000,000
ATLAS Space Operations

Traverse City, Michigan, United States

ATLAS Space Operations is the Satellite Communications as a Service Getting Your Data, Faster

AerospaceEnterprise SoftwareTelecommunications
Series BAug 25, 2022
Amount Raised: $26,000,000
Digital Power Optimization

New York, New York, United States

DPO is an energy-industry services provider through its propriety Cryptocurrency Mining as a Service solutions.

BlockchainCryptocurrencyEnergyEnergy EfficiencyManagement ConsultingRenewable Energy
Series AFeb 9, 2022
Amount Raised: $2,500,000
Orbion Space Technology

Houghton, Michigan, United States

Orbion Space Technology develops and manufactures plasma propulsion systems for small satellites.

ManufacturingSatellite CommunicationSpace Travel
Series BJun 24, 2021
Amount Raised: $20,000,000
ADHD Online

Grand Rapids, Michigan, United States

ADHD Online provides a platform that enables patients to receive a formal evaluation for ADHD.

Health CareMedicalmHealth
Series AMay 5, 2021
Amount Raised: $2,000,000
ATLAS Space Operations

Traverse City, Michigan, United States

ATLAS Space Operations is the Satellite Communications as a Service Getting Your Data, Faster

AerospaceEnterprise SoftwareTelecommunications
Convertible NoteApr 1, 2021
Amount Raised: $1,000,000
MaxOne

Grand Rapids, Michigan, United States

MaxOne develops an all-in-one training app that helps coaches empower athletes.

AppsSaaSSports
Series AJan 7, 2021
Amount Raised: $5,856,179
Magic Spoon

Brooklyn, New York, United States

Magic Spoon is a food company that provides childlike, low-carbohydrate cereal foods for adult customers.

Food and BeverageFood ProcessingSalesSnack Food
Series UnknownNov 17, 2020
Amount Raised: $8,999,996