WAVE Equity Partners
Growth equityBoston · Series A–Growth · 20 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 11, 2026.
Team · 20 people
from the firm's website & public directories
What they invest in
from 12 of 20 portfolio companiesEnergy ×7Cleantech ×6Advanced Manufacturing ×3AI & Machine Learning ×3Climate Tech ×3Deep Tech ×2FoodTech ×2Hardware ×2
HQs:United States×6United Kingdom×1Vietnam×1
Investments · 20 tracked
founders shown can be your intro pathBy year:2025 · 12023 · 12015 · 13 dated
Factorial Energy develops solid-state battery technology designed to overcome limitations of conventional lithium-ion batteries, offering safer, higher-performing, and scalable energy storage solutions for automotive, defense, and robotics applications.
CleantechEnergyHardware
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 KhutiRick Haythonthwaite
Advanced ManufacturingCanton, US
David J Arthur(Executive Officer, Director)Robert Praino(Treasurer, Vice President and Director)
BoardMARK ROBINSON(Director)MICHAEL FETCENKO(Director)JOHN KAWOLA(Director)
Board seatPraveen Sahay· per SEC Form D
Solarlytics offers the BOOST Platform, a plug-and-play IoT power device paired with an AI cloud engine that normalizes string imbalances, collects string-level data, and generates underperformance diagnostics to increase energy output of large solar installations.
CleantechEnergyIoTWalnut Creek, US
Peter Cohn(Executive Officer)Robert C Roeper(Director)Dale E Fredericks(Executive Officer, Director)Robert P McNamara(Executive Officer, Director)Douglas M Raymond(Executive Officer, Director)
Board seatPraveen Sahay· per SEC Form D · $9.5M raise · filed Mar 2015
Cold Chain as a Service provider for safe, sustainable pharmaceutical delivery.
Carbon Clean develops modular carbon capture technology, including its CycloneCC system, designed for space-constrained industrial sites in heavy industries such as steel, cement, and energy.
CleantechClimate TechEnergy
Manufacturer of nano-engineered high-energy-density batteries for EVs and critical applications.
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
Mark Danchak(Director)Jeff Luse(Director)Keith Wilson(Director)Ashok Belani(Director)Anurag Bajpayee(Co-Founder & Executive Chairman)Luke Johnson(Executive Officer, Director)
Germany-based developer of green impact chemistry cleaning materials for industrial applications.
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)Laurent 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
Christopher Poynter(Director)Mohit Dua(Executive Officer, Director)Bernd Krainick(Director)
BoardPraveen Sahay(Director)
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
Frequently asked questions
- 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.
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