Wave Capital
Venture capitalSan Francisco · Seed · 4 people tracked
Also known as WAVE Capital CD · WAVE CAPITAL LLC
Investment thesis
Wave is a selective, concentrated seed-stage fund that only leads rounds and makes at most four investments per year. It backs businesses with a clear mission and, most importantly, founders the partners would want to work for. The partners draw on operating experience building teams at companies such as Airbnb, Dropbox and Facebook, positioning themselves not just as investors but as members of a startup's early team.
Source: firm website, verified Aug 3, 2026.
Team · 4 people
from the firm's website & public directories
What they invest in
from 1 of 1 portfolio companiesDigital Health ×1Healthtech ×1Marketplaces ×1Medical Devices ×1
HQs:United States×1
Investments · 1 tracked
founders shown can be your intro path
Float operates a technology platform that enables nurses to administer specialty medications to patients at home, serving patients requiring specialty infusions and healthcare providers seeking to shift treatment delivery from hospitals and clinics.
Digital HealthHealthtechMarketplacesMedical DevicesCarlsbad, US
Ryan Johnson(Founder)inChristy Johnson(Founder)inMike Ghaffary(Director)Sara Adler(Director)Lauren Sullivan(Executive Officer, Director)
Frequently asked questions
- What stage does Wave Capital invest at?
- Wave Capital invests at the Seed stage.
- What is Wave Capital's typical check size?
- Wave Capital typically writes checks of $25K – $1M.
- What sectors does Wave Capital focus on?
- Wave Capital focuses on Sector Agnostic.
- Where is Wave Capital located?
- Wave Capital is headquartered in San Francisco, US.
- Does Wave Capital lead rounds?
- Yes, Wave Capital leads investment rounds.
Media · Podcasts & interviews
featuring the teamBuilding Wave Capital - Sara Adler, General Partner, Wave Capital
Venture Voices · Sara
Co-investors · 13
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Pioneer Fund is a venture capital firm investing in the top Y Combinator startups.
Freestyle Capital is an early-stage venture capital firm based in San Francisco that invests in consumer and web-based enterprise technology companies. The firm provides capital and operational support to portfolio companies.
Hack VC is a thesis-driven venture capital firm that partners with founders at the earliest stages building next-generation Internet technologies across crypto, AI, and other frontier areas.
Shrug Capital started as a viral joke tweet that became a $3M venture fund, blending elite Silicon Valley investors with celebrities like Tony Hawk and The Chainsmokers to create an unusually strong bridge between tech and entertainment culture. The fund backs companies with "effortless sharing" potential that are culturally resonant enough to explain enthusiastically to non-tech friends, while the partners act as obsessive fans who tattoo portfolio logos and turn their personal lives into marketing campaigns for their companies.
Pioneer Square Labs operates as a startup studio and venture capital fund, partnering with founders to build world-changing companies by combining exceptional founders, innovative ideas, and investment capital.
Hummingbird Ventures is a global venture capital firm that partners with outlier founders across all stages, from inception to IPO.
Backed is a European seed-stage venture fund that leads and invests early in founders building companies in frontier technology.
A globally recognized venture capital firm designed to provide access to highly competitive venture deals to individual investors, consistently recognized for top-decile DPI performance and as one of the most active US venture firms.
Bolt is a venture capital firm that invests in pre-seed and seed stage companies operating at the convergence of digital and physical technologies.
▶1 more co-investors
Firms observed investing alongside Wave Capital, from public investor directories. Shared companies are the overlap with Wave Capital's recorded portfolio.
Similar investors
4Di Capital is a venture capital firm active in the African startup ecosystem, backing companies that address regional and global needs.
500 Global (formerly 500 Startups) is a venture capital firm that invests in startups worldwide and runs programs for founders and investors.
83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-leading companies across Europe, Israel, and the US.
8VC is a technology investment firm that builds and invests in ambitious companies across sectors including life sciences, healthcare, manufacturing, enterprise, logistics, and defense.
Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.