
WestWave Capital
Description
WestWave Capital is a Redwood City-based early-stage venture capital firm that strategically invests in Seed and Series A enterprise companies. The firm focuses on deep technology solutions, specifically targeting B2B software companies that leverage advancements in areas such as artificial intelligence, machine learning, cloud infrastructure, cybersecurity, and data management. WestWave Capital seeks to partner with visionary founders who are building foundational technologies designed to address complex business challenges within the enterprise landscape.
WestWave Capital employs a hands-on approach, aiming to provide strategic guidance and operational support to its portfolio companies beyond just capital. Their investment philosophy emphasizes long-term partnerships and leveraging the team's extensive industry experience to help companies scale. The firm successfully closed its second fund, WestWave Capital II, in the first quarter of 2022, raising a substantial $120 million. This follows their inaugural fund, which closed with $75 million in 2018, demonstrating a consistent growth in their capital base.
Typically, WestWave Capital's initial investment checks for Seed and Series A rounds range from approximately $1 million to $5 million, with the capacity to participate in follow-on rounds as companies mature and require additional funding. Their portfolio reflects a strong commitment to disruptive enterprise technologies, with investments in over 30 companies to date. They actively seek out companies with robust technical teams, defensible intellectual property, and significant market potential within the dynamic enterprise software sector.
Investor Profile
WestWave Capital has backed more than 94 startups, with 9 new investments in the last 12 months alone. The firm has led 11 rounds, about 12% of its total and boasts 14 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Convertible Note rounds (top funding stages).
- Majority of deals are located in United States, Germany, United Kingdom.
- Strong thematic focus on Software, Information Technology, Artificial Intelligence (AI).
- Led 1 rounds in the past year.
- Typical check size: $1M – $5M.
Stage Focus
- Seed (45%)
- Series A (28%)
- Convertible Note (10%)
- Pre Seed (9%)
- Series B (5%)
- Secondary Market (2%)
- Series Unknown (1%)
- Series C (1%)
Country Focus
- United States (96%)
- Germany (2%)
- United Kingdom (1%)
- Ireland (1%)
Industry Focus
- Software
- Information Technology
- Artificial Intelligence (Ai)
- Cyber Security
- Saas
- Machine Learning
- Internet
- Big Data
- Compliance
- Analytics
Frequently Asked Questions
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