Wave Digital Assets

Wave Digital Assets, formerly known as Wave Financial, is a prominent digital asset management firm based in Los Angeles, United States. The company operates across several verticals, encompassing venture capital, liquid funds, and wealth management, positioning itself as a comprehensive partner in the evolving digital asset landscape. Their venture capital arm, Wave Capital, is particularly focused on identifying and nurturing early-stage companies at the forefront of blockchain technology and digital innovation.

Wave Capital's investment thesis centers on foundational infrastructure, decentralized finance (DeFi), non-fungible tokens (NFTs), blockchain gaming, and broader Web3 applications. They aim to be more than just capital providers, offering strategic guidance and operational support to their portfolio companies. This hands-on approach is designed to help founders navigate the complexities of the digital asset space and accelerate their growth. The firm's commitment to the sector is underscored by its successful fundraises, including the close of Wave Capital Venture Fund II at $60 million in March 2022, building on their earlier $30 million Wave Capital Venture Fund I.

For their venture investments, Wave Digital Assets typically targets initial check sizes ranging from $500,000 to $5 million. This range indicates a focus on seed to Series A rounds, where their strategic input can have a significant impact. Beyond venture, the firm manages a diverse portfolio of liquid digital asset funds and provides wealth management services, demonstrating a holistic approach to digital asset exposure. As of early 2022, the firm reported managing over $500 million in assets under management (AUM) across its various product offerings, solidifying its position as a significant player in the digital asset investment ecosystem.