Wave Capital is a seed-stage venture capital firm based in San Francisco, founded in 2017. The firm specializes in marketplace investments and leads rounds for a highly concentrated portfolio of 18–20 companies, providing hands-on operational support from hiring through product-market fit and Series A.
Deal activity increased 100% year-over-year (2 deals in the last 12 months). Average disclosed round size is $26.9M (across 27 rounds with reported amounts).
Portfolio
34
Fund Size
$54.3M
Top Stage
Series A
Last 12 Mo
2
Team
RN
Riley Newman
General Partner
SA
Sara Adler
General Partner
AE
Abdelrahman El Essawy
Investment Manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
37 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| WWillo Technologies | Pre-Seed | — | Feb 2026 |
 Elva | Pre-Seed | — | Jan 2026 |
 Solace | Series B | $130M | Jan 2026 |
| Solace | Pre-Seed | $2.5M | Jan 2026 |
 Orq.ai | Seed | — | Dec 2025 |
 Bahn Express | Pre-Seed | — | Feb 2025 |
 Camus Energy | Series A | $26M | Feb 2024 |
 Camus | Series A | $10M | Feb 2024 |
 AeroSafe Global | Growth | $43M | Aug 2023 |
| AAeroSafe | Series F | $43M | Aug 2023 |
 intelligent fluids | Unknown | — | Mar 2023 |
 Blobr | Seed | $5.4M | Feb 2023 |
 Locale | Series A | — | May 2022 |
 Carbon Clean | Series C | $150M | May 2022 |
 Sweep.io | Series B | $73M | Apr 2022 |
| NNOVOLYZE | Series A | $15M | Mar 2022 |
 Sun Day Carwash | Seed | $24M | Apr 2021 |
 Darwin Homes | Series A | $15M | Jan 2021 |
 Uvaro | Series A | $12M | Jan 2021 |
| Camus | Series A | $10M | Jan 2021 |
 WindESCo | Unknown | $10M | Jan 2020 |
 Normative | Seed | $2.1M | Sep 2019 |
 AMO | Series B | $20M | — |
 Sekai | Unknown | $10.9M | — |
 Gladia | Seed | $4M | — |
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Top Co-Investors
Lifeline Ventures4 shared
Coatue Management LLC3 shared
Hamilton Lane3 shared
NewSpring3 shared
byFounders3 shared
Congruent Ventures3 shared
Plug and Play Tech Center3 shared
Y Combinator2 shared
Interface Capital2 shared
Unruly Capital2 shared
Groundswell Ventures2 shared
First Fellow Partners2 shared
Spintop Ventures2 shared
La Famiglia1 shared
Balderton Capital1 shared
TQ Ventures1 shared
Silicon Valley Bank1 shared
Canvas Prime1 shared
Camber Creek1 shared
Last updated: 7 October 2026