Bow Wave Capital Management is a New York-based private equity and investment advisory firm founded in 2019 by Itai Lemberger. It invests in tech-driven companies across Asia and North America, with a focus on fintech, payments, and banking.
44% of their portfolio is in Fintech. They made 1 investment in the last 12 months. Average disclosed round size is $176.2M (across 8 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Growth
Last 12 Mo
1
Team
HS
Hesham Shaaban
Investment Analyst
IL
Itai Lemberger
Founder, CIO
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
9 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Majestic Labs | Series A | $100M | Nov 2025 |
 Ascend | Unknown | $150M | Jan 2023 |
| Ascend | Series A | $30M | Jan 2022 |
 Mynt | Growth | $300M | Nov 2021 |
 Zomato | Growth | $660M | Jan 2021 |
| Zomato | Unknown | $62M | Jan 2020 |
| Zomato | Series D | $37M | Nov 2013 |
| Majestic Labs | Series A | $71M | — |
 Ascend Money | Growth | — | — |
Top Co-Investors
Ant Group3 shared
Kora Management LP3 shared
Steadview Capital3 shared
Mirae Asset3 shared
Luxor Capital Group3 shared
Fidelity Investments3 shared
Baillie Gifford3 shared
Tiger Global Management, LLC3 shared
Sequoia Capital3 shared
Tal Ventures2 shared
Grove Ventures2 shared
QP Ventures2 shared
Upfront Ventures2 shared
Lux Capital2 shared
D1 Capital Partners2 shared
Amplo1 shared
Menlo Ventures1 shared
Warburg Pincus LLC1 shared
Insight Partners1 shared
Last updated: 27 September 2026