WAVE Equity Partners
Growth equityBoston · Series A–Growth · 19 people tracked
Investment thesis
WAVE positions itself as a new type of capital that blends aspects of venture capital and private equity, backing growth-stage companies that transform incumbent industries rather than disrupt them. The firm believes industrial supply chains, physical assets, and legacy expertise must adopt new technologies, business models, and efficiencies to address climate challenges. It emphasizes planet-scale solutions relevant globally, and full-stack innovation spanning hardware, software, and services that is both more affordable and more effective. WAVE requires strong economics competitive with incumbent technologies, holding that unprofitable ventures are unsustainable, and targets portfolio companies delivering measurable ESG impact through improved industrial efficiency and resource productivity.
Source: firm website, verified Aug 25, 2026.
Team · 19 people
from the firm's website & public directories
What they invest in
from 14 of 19 portfolio companiesCleantech ×7Energy ×7Advanced Manufacturing ×4AI & Machine Learning ×4Deep Tech ×4Climate Tech ×3Hardware ×3Circular Economy ×2
HQs:United States×6United Kingdom×1India×1Vietnam×1
Investments · 19 tracked
founders shown can be your intro pathBy year:2025 · 12023 · 12015 · 13 dated
Factorial develops solid-state batteries for electric vehicles, supplying prototype and sample cells to global automotive OEMs for testing.
CleantechDeep TechEnergyHardware
Siyu Huang(Founder)inAlex Yu(Founder)in
Co-investorsFraser McCombs CapitalGVP ClimateHelios Climate VenturesSnatched Ventures
QiO builds AI-powered software, including its Foresight platform, that helps industrial and energy-intensive organisations improve asset and process performance and reduce energy use and carbon emissions.
Advanced ManufacturingAI & Machine LearningClimate TechEnergy
Baz Khuti
BoardRick Haythonthwaite
Advanced ManufacturingCanton, US
Robert Praino(Treasurer, Vice President and Director)David J Arthur(Executive Officer, Director)
BoardMARK ROBINSON(Director)inMICHAEL FETCENKO(Director)JOHN KAWOLA(Director)
Board seatPraveen Sahay· per SEC Form D
Solarlytics develops software and analytics solutions to maximize energy production at large-scale solar plants.
AI & Machine LearningCleantechEnergyIoTWalnut Creek, US
Peter Cohn(Executive Officer)Dale E Fredericks(Executive Officer, Director)Robert P McNamara(Executive Officer, Director)Douglas M Raymond(Executive Officer, Director)Thomas Mart(MD Europe, Co-founder)
BoardRobert C Roeper(Director)
Board seatPraveen Sahay· per SEC Form D · $9.5M raise · filed Mar 2015
Co-investorsBaruch Future VenturesHelios Climate Ventures
AeroSafe Global provides cold chain logistics and pharmaceutical distribution solutions through its proprietary "Cold Chain as a Service" model, serving specialty distributors, pharmaceutical manufacturers, health systems, specialty pharmacies, and direct-to-patient programs worldwide.
Circular EconomyHealthtechLogistics & Supply ChainSaaS
Co-investorsEndeavor CatalystEscalate Capital PartnersFlexstone Partners Pte. Ltd.Hamilton Lane
Carbon Clean Solutions develops carbon capture technology for industrial emissions reduction, particularly focused on heavy industries like cement and steel production.
Advanced ManufacturingCleantechClimate TechEnergyHardwareMumbai, IN
Co-investorsWesterly WindsAramco Ventures
CHASM develops carbon nanotube-based advanced materials, including nanotube-hybrid additives for lower-carbon cement and concrete, battery materials for Li-ion batteries, and transparent conductive films (AgeNT) used for transparent heaters, EMI/RF shielding, antennas, touch sensors, and smart surfaces.
CleantechDeep TechNew Materials
Co-investorsNXT Ventures
Gradiant designs and builds water and wastewater treatment plants using its proprietary technology stack, helping industrial customers reduce freshwater withdrawal, reuse wastewater, and return clean water to the environment.
Advanced ManufacturingCircular EconomyCleantechClimate TechDeep TechWoburn, US
Anurag Bajpayee(Co-Founder & Executive Chairman)inPrakash Govindan(Co-Founder & CEO)Mark Danchak(Director)Jeff Luse(Director)Keith Wilson(Director)Ashok Belani(Director)
Co-investorsCapTableClearvision VenturesGRC SinogreenSafar PartnersWarburg PincusWorldQuant Ventures
Germany-based developer of green impact chemistry cleaning materials for industrial applications.
Co-investorsCapital Midwest FundEarth FoundryEmerald Development ManagersEnergy FoundryEvergreen Climate InnovationsPallasite Ventures+1 more
Creates nano-engineered materials for lithium ion batteries with improved capacity and faster recharge times.
Co-investorsNXT Ventures
Semi-automated indoor farming system for leafy crops using far less land and water.
Living Greens Farm operates a patented vertical indoor aeroponic farming system that grows lettuce, salad greens, and herbs by misting plant roots with nutrients instead of using soil, and without pesticides.
AgTechFoodTech
Xoilac TV is a Vietnamese-language website offering free live streaming of football matches in HD, covering leagues such as the Premier League, Champions League, La Liga, Serie A, and V-League.
ConsumerMedia & EntertainmentSports TechHo Chi Minh City, VN
Novolyze provides food safety and quality expertise, with a team specializing in microbiology, process engineering, and risk assessment to make food production safer and more sustainable.
AI & Machine LearningFoodTechSaaSCambridge, US
Karim-Franck Khinouche(Executive Officer, Director)Anthony Zima(Executive Officer)
BoardPraveen Sahay(Director)inLaurent Vernerey(Director)David Acheson(Director)
Machine learning software (DC+) that fine-tunes power management in data centers at the CPU level.
AI & Machine LearningData & InfrastructureEnergyBoston, US
Mohit Dua(Executive Officer, Director)
BoardPraveen Sahay(Director)inChristopher Poynter(Director)Bernd Krainick(Director)
Co-investorsPhoenix Contact Innovation VenturesWAVE
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
IPOs and acquisitions across the tracked portfolioFactorialenergyNASDAQ: FAC
Portfolio news
latest coverage across their companiesLionano · boardroomalpha.com · May 29, 2026
Frequently asked questions
- How many investments has WAVE Equity Partners made?
- WAVE Equity Partners has 18 tracked investments, including 1 dated in the last 24 months.
- What stage does WAVE Equity Partners invest at?
- WAVE Equity Partners invests at the Series A, Series B, Growth stages.
- What is WAVE Equity Partners's typical check size?
- WAVE Equity Partners typically writes checks of $2M – $5M.
- What sectors does WAVE Equity Partners focus on?
- WAVE Equity Partners focuses on AgTech, Circular Economy, Cleantech, Climate Tech, Deep Tech, Energy, FoodTech, Hardware, Impact & Social Good, New Materials.
- Where is WAVE Equity Partners located?
- WAVE Equity Partners is headquartered in Boston, US.
- Who does WAVE Equity Partners co-invest with?
- WAVE Equity Partners most often shares deals with Capital Midwest Fund, Clearvision Ventures, Fraser McCombs Capital, among 19 tracked co-investors.
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