How many investments has Next Wave Impact made?

Next Wave Impact has 16 tracked investments, 1 of which have exited.

What stage does Next Wave Impact invest at?

Next Wave Impact invests at the Pre-Seed, Seed stages.

What sectors does Next Wave Impact focus on?

Next Wave Impact focuses on Impact & Social Good.

Where is Next Wave Impact located?

Next Wave Impact is headquartered in Utah, US.

Who does Next Wave Impact co-invest with?

Next Wave Impact most often shares deals with Ceniarth, Mindshift Capital, Portfolia, among 40 tracked co-investors.

Next Wave Impact

Impact investor

Utah · Pre-Seed–Seed · 11 people tracked

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Investment thesis

NextWave Impact operates a learning-by-doing progressive fund model with the core mission of increasing diversity, inclusion, and impact in early-stage investing. The fund leverages a global network of 99 women investors, including 25 women of color, led by an experienced investment committee of ten women. All portfolio companies are led by women and people of color. The firm is committed to training and educating angel investors who focus on both social impact and financial returns while investing in underrepresented entrepreneurs across diversified industries and geographies.

Invests inImpact & Social Good Global United States

Source: firm website, verified Sep 27, 2026.

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Stage

Pre-Seed–Seed

Utah, CO, US

Instruments

Equity

Tracked investments

Acquisitions

Team · 11 people

from the firm's website & curated & public directories

Dr. Alicia Robb· Founder and CEO· Utah

Economist and entrepreneurship researcher who founded Next Wave Impact and manages two early-stage venture funds. Previously a Senior Fellow at the Kauffman Foundation and economist with the Federal Reserve. Authored multiple books on women entrepreneurship and actively mentors startups.

Heather Henyon· Founding Partner, Athena CFO· Vermont

Founding partner of Athena CFO with experience in entrepreneurship, emerging markets, angel investing, and impact finance. She founded the Women's Angel Investor Network in the Middle East and has worked across microfinance and social enterprise.

Alicia Robb· Founder and CEO· Utahin 𝕏

Founder and CEO of Next Wave Impact and managing partner of two early-stage venture funds. An economist, author, and active angel investor, she previously served as a senior fellow at the Kauffman Foundation and worked at the Federal Reserve and SBA, and received the 2020 Hans Severiens Award.

alicia@nextwaveimpact.com

Laury Saligman· Partner· Montpelier, Vermont, United Statesin

Over 25 years in sustainable business, marketing and natural systems; launched two startups and worked at Air Products and Conservation International.

Janine Firpo· Impact Investor· California

Technology and impact-investing veteran with over 35 years in IT, focused on using technology to address social and development challenges across financial services, health care, and education, with emphasis on Africa and Asia.

Jodi Pederson· Operations and Change Management Consultant· Jackson, Wyoming

Consultant to for-profit and nonprofit organizations on operational improvement and change management. She has worked at Accenture, LivCor, and various startups and supports women's entrepreneurial efforts as both an entrepreneur and investor.

Kristina Montague· Managing Partner, JUMP Fund· Tennessee

Managing partner with the JUMP Fund, which invests in women entrepreneurs. She previously served as assistant dean at UT Chattanooga's College of Business and has held leadership roles in education and nonprofit organizations.

Marcia Dawood· Board Member, Angel Capital Association· North Carolina

Angel Capital Association board member who evaluates and mentors startups with an emphasis on women-led businesses. She previously spent 16+ years at Kaplan Higher Education Campuses and has entrepreneurial experience as a company founder.

Sue Bevan Baggott· President, Power Within Consulting LLC· Ohio

President of Power Within Consulting, an innovation and strategy firm she founded in 2014, following 18 years in global R&D at Procter & Gamble. She is an active member of Queen City Angels and mentors entrepreneurs.

Wendee Wolfson· Leadership Coach and Consultant· Washington, D.C.

Leadership coach and consultant who has invested in early-stage, high-growth companies since 1997. She co-founded WomenAngels.net and the Women's Growth Capital Fund and remains active in organized angel investing groups.

Wingee Sin· Capital Markets Executive· Paris, France

Global capital markets executive with 15 years of investing experience and a focus on social impact, aging, and financial inclusion. She has held roles at State Street Global Advisors, Barclays Global Investors, and Goldman Sachs, and holds the CAIA and CFA designations.

What they invest in

from 11 of 16 portfolio companies

Impact & Social Good ×4Climate Tech ×3Cleantech ×2Direct to Consumer ×2Healthtech ×2HR Tech ×2Wellness & Fitness ×2AgTech ×1

HQs:United States×11

Who they back

founder profiles across 9 portfolio companies

89%

solo founders

8 of 9 mapped founding teams

Founding team size:solo founder×82 founders×1

Accelerator rootsportfolio companies that came through a program

Techstars ×2

Investments · 16 tracked

founders shown can be your intro path

By year:2024 · 1 2021 · 1 2019 · 35 dated

Aquacyclaquacycl.com in 𝕏Jul 2021

Aquacycl provides onsite industrial wastewater treatment using its patented technology to treat high-strength wastewater without dilution, offering energy-neutral operation, lower greenhouse gas emissions, and water reuse.

Circular EconomyCleantechClimate TechImpact & Social GoodEscondido, US

Orianna Bretschger(Executive Officer, Director)inMichael Jones(Director)Anil Jha(Director)

Co-investorsAd Astra Ventures Creative Destruction Lab (CDL)Keshif Ventures 8090 Industries

Joyluxjoylux.com 𝕏Sep 2024

Joylux develops a line of consumer products focused on women's intimate and pelvic floor health, created with input from an Ob-Gyn to address changes women experience post-delivery and with age.

Direct to ConsumerFemTechWellness & FitnessSeattle, US

Colette Courtion(Founder)inRobert Cross(Director)Richard Boxer(Director)Peter Weiss(Executive Officer)

Co-investorsCentral Texas Angel Network Goddess Healthtech Capital Houston Angel Network J-Impact J-Ventures +7 more

Kulikuli.one inMar 2019 · $5M

Kuli is an AI-powered tool for marketing teams that automates creator discovery, campaign analysis, and content monitoring.

AI & Machine LearningCreator EconomyEnterprise SoftwareMarketing TechSan Francisco, US

Michael Hodara(Founder)in Jonathan Hassan(Founder)in

Co-investorsY Combinator Andreessen Horowitz AUTHENTIC VENTURES Blast.Club InvestEco Portfolia +2 more

Kuli Kuli Foodskulikulifoods.comAcquired

Kuli Kuli sells moringa-based food and wellness supplements, including gummies, capsules, and powders aimed at consumers focused on nutrition and wellness.

ConsumerDirect to ConsumerFoodTechImpact & Social GoodWellness & FitnessOakland, US

Lisa Curtis(Founder)in

Co-investorsAstia AUTHENTIC VENTURES Ceniarth Cerity Partners Ventures Golden Seeds InvestEco +4 more

Localizedlocalized.world in 𝕏Sep 2019 · $1.2M

Localized offers expert-led training and certification programs for professionals and organizations in fields such as AI, carbon/ESG intelligence, virtual/remote collaboration, and career readiness.

EdTechFuture of WorkHR TechWashington, US

Ronit Avni(CEO)in Devin Young(Chief AI Officer)in

Co-investorsBisk Ventures Capria Ventures One Planet Group Mindshift Capital

Motivomotivohealth.com in 𝕏

Motivo provides clinical supervision and support services for newly graduated therapists entering the mental health workforce, helping behavioral health organizations address the shortage of qualified mental health providers.

HealthtechHR TechMental HealthChattanooga, US

Rachel Ledbetter(Chief Executive Officer, Co-Founder)in

Co-investorsMindshift Capital Overline SteelSky Ventures Techstars ECMC Group Great Oaks Venture Capital

Needslistneedslist.co

NeedsList is a platform that matches community needs with offers of support to improve humanitarian assistance and disaster response.

GovTechImpact & Social Good

Amanda Levinson(Founder)in Natasha Freidus(Founder)in

Co-investorsAmplio Ventures Marigold Capital Tomorrow Today AS

Resiliaresilia.com in

Resilia is a SaaS platform providing capacity-building tools, coaching, and insights for nonprofits and foundations.

Impact & Social GoodSaaSNew Orleans, US

Sevetri Wilson(Founder and CEO)in

Co-investorsBIP Ventures Callais Capital Management Framework Venture Partners New Orleans Startup Fund Open Opportunity Fund Tech Square Ventures +7 more

Stony Creek Colorsstonycreekcolors.com in 𝕏

Stony Creek Colors manufactures traceable, 100% plant-based indigo and non-indigo dyes as a replacement for synthetic, petrochemical-derived colorants, sold as powder, paste, or liquid to denim mills, fashion brands, and independent makers.

AgTechClimate TechNew MaterialsGoodlettsville, US

Sarah Bellos(Executive Officer, Director)inMark Cooley(Executive Officer, Director)

BoardShonda Warner(Director)

Co-investorsInnova Memphis, Inc.iSelect Fund Sorenson Impact Foundation

StormSensorstormsensor.io in

CleantechClimate TechSeattle, US

Erin Rothman(Executive Officer, Director, Promoter)inPat LaPointe(Director)Teri Floyd(Director)

Co-investors9Mile Labs E8 Angels Techstars Buoyant Ventures Management, Llc BURNT ISLAND VENTURES Gratitude Railroad +3 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

All Across AfricaConnxusGeospizaNeprisSolsticeUVision 360

Portfolio news

latest coverage across their companies

Kuli: The AI coworker for marketing teams at Consumer Brands

Kuli · ycombinator.com · May 4, 2026

Frequently asked questions

How many investments has Next Wave Impact made?: Next Wave Impact has 16 tracked investments, 1 of which have exited.
What stage does Next Wave Impact invest at?: Next Wave Impact invests at the Pre-Seed, Seed stages.
What sectors does Next Wave Impact focus on?: Next Wave Impact focuses on Impact & Social Good.
Where is Next Wave Impact located?: Next Wave Impact is headquartered in Utah, US.
Who does Next Wave Impact co-invest with?: Next Wave Impact most often shares deals with Ceniarth, Mindshift Capital, Portfolia, among 40 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Investor Connect - 359 - Alicia Robb of Next Wave Impact - YouTube

Hall Martin · Alicia Robb

Sanctuary Speaker Series: Alicia Robb of Next Wave Impact - YouTube

farmsanctuary · Alicia Robb

Elevating Female Founders and Funders with Alicia Robb of Next Wave Impact - YouTube

Untold Content · Alicia Robb

Alicia Robb of Next Wave Impact: An Army of Women Investing in Vegan Businesses - YouTube

Elysabeth Alfano · Alicia Robb

Co-investors · 1

Blue Horizon Corporation

Blue Horizon Corporation is an investment firm focused on accelerating the transition to a sustainable food system, aiming to deliver strong returns for people and the planet.

Firms observed investing alongside Next Wave Impact, from public investor directories. Shared companies are the overlap with Next Wave Impact's recorded portfolio.

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