Fundraising Fox
WAVE Equity Partners
Growth equityBoston · Series A–Growth · 22 people tracked
Find your way into WAVE Equity Partners
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Investment thesis
WAVE Equity Partners invests in the transformation of incumbent industries rather than pure software disruption, targeting the full stack of innovation across hardware, software, and services. It focuses on planet-scale climate and environmental challenges — food, energy, water, and waste — arguing that solutions must be affordable, effective, and globally relevant. Describing itself as growth equity partners with characteristics of both VC and PE, WAVE backs companies with sound economics that can profitably scale toward a decarbonized future. Its portfolio is measured by ESG impact metrics such as GHG emissions avoided and captured and water saved, emphasizing that only profitable ventures are truly sustainable.
Source: firm website, verified Sep 29, 2026.
Team · 22 people
from the firm's website & public directories
Founder mafia
2 people who came through WAVE Equity Partners went on to found or lead other companies.
What they invest in
from 13 of 19 portfolio companiesCleantech ×9Energy ×7Advanced Manufacturing ×4AI & Machine Learning ×4Deep Tech ×4Hardware ×4Climate Tech ×3Circular Economy ×2
HQs:United States×8United Kingdom×1India×1Vietnam×1
Investments · 19 tracked
founders shown can be your intro pathBy year:2025 · 12023 · 22022 · 12018 · 12015 · 16 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)inPeter Yu(Chairman and Chief Executive Officer)Rafael de Luque(Chief Financial Officer and Director)
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
BoardRick Haythonthwaite
CHASM develops and manufactures advanced carbon nanotube (CNT) materials for use in applications including transparent antennas, heaters, cement additives, and EV batteries.
Advanced ManufacturingCleantechDeep TechHardwareNew MaterialsCanton, US
David J. Arthur(CEO and Co-founder)Robert J. Praino(CIO and Co-founder)
BoardMARK ROBINSON(Director)inMICHAEL FETCENKO(Director)JOHN KAWOLA(Director)
Board seatPraveen Sahay· per SEC Form D
Co-investorsNXT Ventures
Solarlytics develops a smart IoT platform that increases energy output at large solar installations by 3-10% through string-level performance optimization and real-time fault detection.
AI & Machine LearningCleantechEnergyIoTWalnut Creek, US
Thomas Mart(MD Europe, Co-founder)inPeter Cohn(Executive Officer)Dale E Fredericks(Executive Officer, Director)Robert P McNamara(Executive Officer, Director)Douglas M Raymond(Executive Officer, Director)
BoardRobert C Roeper(Director)
Board seatPraveen Sahay· per SEC Form D · $9.5M raise · filed Mar 2015
Co-investorsInnova Capital Partners, LLCBaruch 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 PartnersMerck Global Health Innovation FundMSD Global Health Innovation FundFlexstone Partners Pte. Ltd.Hamilton Lane
Carbon Clean specializes in point-source carbon capture technology for industrial facilities, helping heavy industries reduce CO2 emissions directly at the source.
Advanced ManufacturingCleantechClimate TechEnergyHardwareMumbai, IN
Prateek Bumb(Founder)in
Co-investorsWesterly WindsAramco VenturesBlume VenturesCemex VenturesChevron Technology VenturesMarubeni+3 more
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)inMark Danchak(Director)Jeff Luse(Director)Keith Wilson(Director)Ashok Belani(Director)
Co-investorsCapTableClearvision VenturesCloudStone CapitalGRC SinogreenSafar PartnersWarburg Pincus+1 more
Germany-based developer of green impact chemistry cleaning materials for industrial applications.
Creates nano-engineered materials for lithium ion batteries with improved capacity and faster recharge times.
Woburn, US
Siyu Huang(Executive Officer, Director)Dong Ren(Executive Officer, Director)Raymond Chang(Director)Yingchao Yu(Executive Officer, Director)
BoardPraveen Sahay(Director)in
Co-investorsNXT VenturesWAVE
Living Greens Farm grows lettuce and herbs using aeroponic technology in Minnesota and delivers them fresh to customers without pesticides or herbicides.
AgTechCleantechFoodTechMinnesota, US
Keith Cooper(CEO)inKen Sourbeck(Executive Officer)Raymond Chang(Director)David Augustine(Executive Officer)Charles Bridge(Director)Ben Eastep(Director)
Maymaan develops AquaStroke engine technology, an internal combustion engine that runs on a blend of 70% water and 30% bio-alcohol to produce power while lowering NOx and SOx emissions.
CleantechDeep TechEnergy
MICATU develops optical sensing technology that monitors real-time power flow across electrical grids, enabling utilities to detect and respond to distributed energy resources and grid anomalies.
CleantechData & InfrastructureEnergyHardwareIoT
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)in
BoardPraveen Sahay(Director)inLaurent Vernerey(Director)David Acheson(Director)
Co-investorsKickstart Innovation
PulseSense Dynamics provides analytics and asset intelligence for owners and operators of wind and hydro power plants, integrating SCADA and sensor data in the cloud to detect performance losses and equipment health issues.
AI & Machine LearningCleantechEnergyBoston, US
Mohit Dua(Executive Officer, Director)
BoardPraveen Sahay(Director)inChristopher Poynter(Director)Bernd Krainick(Director)
Co-investorsPhoenix Contact Innovation VenturesUPC Capital VenturesABB Technology VenturesWAVE
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Green Conversion SystemsHeatworksIntellihotQiO Technologies
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
1 IPOsFactorialenergyNASDAQ: FAC
Portfolio news
latest coverage across their companiesFrequently asked questions
- How many investments has WAVE Equity Partners made?
- WAVE Equity Partners has 19 tracked investments, 1 of which have exited, 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, Fraser McCombs Capital, Merck Global Health Innovation Fund, among 27 tracked co-investors.
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