Wave Ventures marks decade with €10M fund and founder grants
Nordic venture capital firm Wave Ventures has announced the final closeof its third fund at €10 million, marking a significant increase from itsprevious €2 million fund and a decade since it was found... With a new fund and founder grant programme, Wave Ventures plans to expand its support for early-stage startups across the Nordics while continuing to back emerging founders at the earliest stages of company building.
Key Takeaways
- VC Fund Wave Ventures marks decade with €10M fund and founder grants With a new fund and founder grant programme, Wave Ventures plans to expand its support for early-stage startups across the Nordics while continuing to back emerging founders at the earliest stages of company building.
- To date, it has made more than 50 investments, including companies such as Inven and Tzafon.
In 2024, Wave backed three of the five Nordic startups accepted into Y Combinator.
- The initiative will provide grants and partner credits to selected entrepreneurs, with support from AWS, Anthropic, Lovable, Modal, and Verda.
The programme is aimed at founders at the earliest stages of company building, including those who are pre-idea, pre-funding, or just beginning their entrepreneurial journey.
- The Rebellion Grant is our way of supporting them earlier, said Johannes Korpela , CEO, Wave Ventures.
Beyond its investment activity, Wave Ventures has also played a role in developing the Nordic startup ecosystem through its talent network.
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Stats & Key Facts
- #Nordic venture capital firm Wave Ventures has announced the final closeof its third fund at €10 million, marking a significant increase from itsprevious €2 million fund and a decade since it was found...
- #Tamara Djurickovic 1 hour ago Share Share Send email Copy link Nordic venture capital firm Wave Ventures has announced the final close of its third fund at €10 million, marking a significant increase from its previous €2 million fund and a decade since it was founded as a student-led initiative in Helsinki.
- #Fund III is managed by a team composed entirely of investors aged 25 and under and is backed by founders, operators, and investors from companies including Spotify, Wolt, Slack, Bolt, Oura, Nokia, Supercell, GANNI, and Voi, alongside European early-stage venture capital firms and family offices.
- #Founded in 2016, Wave Ventures focuses on angel and pre-seed investments and is often among the first institutional investors backing Nordic startups.
With a new fund and founder grant programme, Wave Ventures plans to expand its support for early-stage startups across the Nordics while continuing to back emerging founders at the earliest stages of company building. VC Fund Wave Ventures marks decade with €10M fund and founder grants With a new fund and founder grant programme, Wave Ventures plans to expand its support for early-stage startups across the Nordics while continuing to back emerging founders at the earliest stages of company building. Tamara Djurickovic 1 hour ago Share Share Send email Copy link Nordic venture capital firm Wave Ventures has announced the final close of its third fund at €10 million, marking a significant increase from its previous €2 million fund and a decade since it was founded as a student-led initiative in Helsinki.
Fund III is managed by a team composed entirely of investors aged 25 and under and is backed by founders, operators, and investors from companies including Spotify, Wolt, Slack, Bolt, Oura, Nokia, Supercell, GANNI, and Voi, alongside European early-stage venture capital firms and family offices. Founded in 2016, Wave Ventures focuses on angel and pre-seed investments and is often among the first institutional investors backing Nordic startups. To date, it has made more than 50 investments, including companies such as Inven and Tzafon.
In 2024, Wave backed three of the five Nordic startups accepted into Y Combinator. With the new fund, Wave plans to expand its investment activity across the Nordics, investing up to €300,000 in early-stage companies and backing between 10 and 20 teams annually. Alongside the fund close, Wave Ventures has launched the Wave Rebellion Grant, a €240,000 programme designed to support early-stage founders across the Nordics.
For more details please read the original article at Tech.eu.
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