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Wave Ventures

Europe, Southern Finland, Finland, Helsinki

Description

Wave Ventures stands out as Europe's largest student-run venture capital fund, headquartered in Helsinki, Finland. Established in 2016, this unique firm focuses on identifying and nurturing promising early-stage startups, particularly those founded by students and recent graduates, aligning with a strong emphasis on Gen Z entrepreneurs. Their distinct operational model, driven entirely by a team of over 30 students, provides them with an unparalleled understanding of the challenges and opportunities faced by young founders within the university ecosystem and beyond.

The firm's investment thesis centers on pre-seed and seed-stage companies, where they aim to be the first institutional capital. Wave Ventures typically deploys initial cheques ranging from €25,000 to €100,000. This strategic focus allows them to provide crucial early-stage funding to nascent ventures that might otherwise struggle to secure capital from traditional VC firms. Their hands-on approach extends beyond just capital, offering mentorship, network access, and operational support, leveraging their collective student expertise and connections within the startup community.

Since its inception, Wave Ventures has demonstrated significant activity, having made over 50 investments across various sectors. This impressive portfolio highlights their commitment to fostering innovation and entrepreneurship among the younger generation. Their student-led structure not only enables them to identify high-potential founders within their peer groups but also fosters a collaborative environment where young entrepreneurs can benefit from the insights and energy of a dedicated, like-minded team.

The student-run nature of Wave Ventures is a core part of its value proposition. It allows for a dynamic and agile investment process, often characterized by a deep empathy for the founder journey, given the team's own proximity to the entrepreneurial path. This unique structure also provides an invaluable learning experience for the students involved, cultivating the next generation of venture capitalists and startup operators. By bridging the gap between academic innovation and commercial viability, Wave Ventures plays a crucial role in empowering the next wave of European tech talent.

Investor Profile

Wave Ventures has backed more than 25 startups, with 4 new investments in the last 12 months alone. The firm has led 3 rounds, about 12% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Pre Seed, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Finland, Sweden, Lithuania.
  • Strong thematic focus on Software, Information Technology, E-Commerce.
  • Typical check size: $27K – $108K.

Stage Focus

  • Pre Seed (48%)
  • Seed (44%)
  • Series Unknown (8%)

Country Focus

  • Finland (64%)
  • Sweden (28%)
  • Lithuania (4%)
  • Germany (4%)

Industry Focus

  • Software
  • Information Technology
  • E-commerce
  • Internet Of Things
  • Mobile
  • Mobile Apps
  • Sustainability
  • Biotechnology
  • B2b
  • Electronics
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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 Wave Ventures frequently co-invest with?

SamInvest Mitt
Europe, Vasternorrlands Lan, Sweden, Härnösand
Co-Investments: 2
Lifeline Ventures
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 6
GV
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 2
LUMUS Investment Collective
Europe, Hlavni mesto Praha, Czech Republic, Prague
Co-Investments: 1
Fast Track Malmo
Europe, Skane Lan, Sweden, Malmö
Co-Investments: 2
Angels Band
Europe, Minsk, Belarus, Minsk
Co-Investments: 1
Lumos Capital Group
North America, California, United States, San Francisco
Co-Investments: 1
Trind Ventures
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 2
Luminar Ventures
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
PV
Europe, Southern Finland, Finland, Espoo
Co-Investments: 2

Which angels does Wave Ventures often collaborate with?

TS
Europe, Lithuania
Shared Deals: 1
PC
North America, California, United States, Palo Alto
Shared Deals: 1
DZ
Europe, Vilniaus Apskritis, Lithuania, Vilnius
Shared Deals: 1
DS
Europe, Harjumaa, Estonia, Tallinn
Shared Deals: 1
KR
North America, California, United States, San Francisco
Shared Deals: 1
DS
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
HJ
Europe, Skane Lan, Sweden, Malmö
Shared Deals: 2
CG
Europe, Belarus
Shared Deals: 1
FL
Europe, Skane Lan, Sweden, Malmö
Shared Deals: 2
CD
Europe, Sweden
Shared Deals: 1

What are some of recent deals done by Wave Ventures?

Bought

Helsinki, Southern Finland, Finland

Automated secondhand marketplace mobile application.

FashionMarketplaceSecondhand GoodsShopping
Pre SeedMar 26, 2025
Amount Raised: $1,500,000
Bahn Express

Helsinki, Southern Finland, Finland

Bahn Express is a global car transportation company.

LogisticsSupply Chain ManagementTransportation
Pre SeedFeb 28, 2025
Amount Raised: $955,787
Sustashift

Helsinki, Southern Finland, Finland

Sustashift offers sustainability reporting tools and consulting, with collaboratively developed solutions.

ConsultingSustainabilityWeb Development
SeedFeb 5, 2025
Synergi

Helsinki, Southern Finland, Finland

Synergi is a climate-smart way of using electricity and the grid.

Software
SeedOct 8, 2024
Amount Raised: $2,195,098
Daze

Helsinki, Southern Finland, Finland

Deliveries & returns for the new generation of e-commerce

DeliveryE-CommerceLogisticsShipping
Pre SeedApr 19, 2024
Solu

Helsinki, Southern Finland, Finland

Solu is aiming to change a complete industry with a unique approach and unique technology.

Cloud ComputingElectronics
SeedJun 16, 2023
Amount Raised: $1,095,650
Solu

Helsinki, Southern Finland, Finland

Solu is combating antibiotic resistance by building the most extensive bacterial DNA library

BiotechnologyLife Science
Pre SeedJun 15, 2023
Amount Raised: $1,094,545
Komu Homes

Helsinki, Southern Finland, Finland

AI property management

Real EstateSoftware
Pre SeedMar 1, 2023
Amount Raised: $506,752
Taika Tech

Espoo, Southern Finland, Finland

Spatial interface to technology

Augmented RealityElectronicsHardwareHuman Computer InteractionInformation TechnologyInternet of ThingsSmart Home
Pre SeedJul 1, 2022
Amount Raised: $182,509
Brick Technology

Stockholm, Stockholms Lan, Sweden

Brick is a Stockholm-based startup that is bringing charging into the era of sharing economy.

BatteryFranchiseInternet of ThingsMobileMobile AppsSharing EconomySoftware
SeedJan 14, 2022
Amount Raised: $2,000,000