Helsinki · Pre-Seed–Series A · 7 people tracked
Investment thesis
Wave Ventures focuses on making the earliest investments in exceptional founders across the Nordics and Baltics. The firm positions itself as a next-generation VC, backed by founders, operators, and experts from category-defining companies, and aims to be the first investor in emerging startups in the region.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from the firm's website & public directories
Founder mafia
5 people who came through Wave Ventures went on to found or lead other companies.
What they invest in
from 54 of 107 portfolio companiesAI & Machine Learning ×29SaaS ×17Enterprise Software ×12Deep Tech ×7Cleantech ×6Developer Tools ×6Climate Tech ×5Future of Work ×5
HQs:United States×8Finland×7Sweden×7Germany×2Netherlands×2Denmark×1
Who they back
founder profiles across 19 portfolio companiesFounding team size:solo founder×82 founders×63 founders×34+ founders×2
Where their founders studiedfrom 21 founders with education data
Aalto University ×5KTH Royal Institute of Technology ×5Stockholm School of Economics ×2The Faculty of Engineering at Lund University ×2University of Cambridge ×2
Where their founders worked beforefrom 19 founders with career history
Teamspective ×2
Accelerator rootsportfolio companies that came through a program
2 founders hold a PhD (of 21 with degree data)
Investments · 107 tracked
founders shown can be your intro pathBy year:2025 · 22024 · 13 dated
Sono (Closio Oy) builds AI-powered voice phone assistants that automate high-volume customer-service and sales calls, handling tasks such as booking appointments, routing calls, answering FAQs, and running satisfaction surveys.
AI & Machine LearningEnterprise SoftwareSaaSSales TechHelsinki, FI
Co-investorsFailup VenturesMaki.vc
Product data rebuilt for the age of agentic shopping.
Next-generation AI-powered bid management for public procurement.
Energy-efficient chips for AI.
Find companies 10x faster with AI.
Developing AI to create mobile games.
AI-native CRM that captures all your conversations.
Future property management enhanced by artificial intelligence.
AI-native assortment and demand planning for fashion and retail.
AI-driven sales assistant that lets you control your CRM.
AI-powered voicemail assistant that books appointments and manages customer service.
Ambio operates a platform that facilitates buying and selling of recycled plastics, connecting suppliers and buyers through a data-driven approach.
B2B MarketplacesCircular EconomyNew Materials
Co-investorsLifeline Ventures
Andon Labs develops safety systems and protocols for autonomous AI-driven organizations, focusing on AI alignment and control mechanisms for agents that operate without human oversight.
AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareSan Francisco, US
Lukas Petersson(Founder)in
Co-investorsJuniper Ventures Management, LlcY Combinator
AnswerGrid builds custom AI agents for advisory and financial services firms to automate repetitive work such as proposal drafting, market assessments, and pitchbook creation.
AI & Machine LearningEnterprise SoftwareFintech
Helps architects work faster by reducing context-switching between tools and documents.
Attention-as-a-service, turning consumers into ambassadors.
Global tech talent resourcing platform for the automotive industry.
Bahn Express operates a network of independent drivers across Europe to deliver used cars from auctions and remarketing platforms to dealerships in 2 days.
B2B MarketplacesLogistics & Supply Chain
Co-investorsnode.vc
Blume Equity is a European investment firm focused on climate technology, partnering with growth-stage companies working on climate and sustainability solutions.
CleantechClimate Tech
Co-investorsTesi (Finnish Industry Investment Ltd)Impact Engine
Boksi is a platform that helps brands manage influencer and user-generated content (UGC) collaborations with creators.
Creator EconomyMarketing TechSaaSHelsinki, FI
Co-investorsTrind Ventures
Co-investorsLifeline Ventures
Early-stage fund built around a collective of Nordic and Baltic founders.
Co-investorsAspire11Elmehøj Ventures
Carbo Culture develops carbon removal technology leveraging natural processes combined with advanced engineering to remove carbon dioxide from the atmosphere at scale.
AgTechCircular EconomyCleantechClimate TechDeep TechLondon, NL
Henrietta Moon(CEO & Co-Founder)Chris Carstens(Co-Founder)
Co-investorsAuxxoBlue Ivy VenturesCherry VenturesLifeline VenturesStarlight Ventures
Clair provides an AI-powered assortment and demand planning platform for retailers to optimize inventory decisions and align product selection with consumer demand.
AI & Machine LearningRetail Tech
Co-investorsLifeline Ventures
CRACI develops software tools that help development teams achieve Cyber Resilience Act compliance without impacting development velocity.
CybersecurityDeveloper ToolsEnterprise Software
Juho Niemi(Co-founder and CEO)inDennis Marttinen(Co-founder and CTO)inJaakko Sirén(Co-founder and CPO)inPetteri Pulkkinen(Co-founder and CISO)in
Co-investorsLifeline Ventures
Cybret builds a security engine that detects complex business logic vulnerabilities in software, focusing on unintended interactions across API endpoints, permissions, states, and data paths that conventional tools and LLM-based scanners miss.
AI & Machine LearningCybersecurityDeveloper Tools
Co-investorsSkyfall Ventures
Low-cost mass-producible defense systems.
The easiest way to save on your electricity bill.
Elva provides AI-powered software for managing international employee relocations and global hiring, helping companies hire talent across borders.
AI & Machine LearningEnterprise SoftwareFuture of WorkHR Tech
Co-investorsLifeline Ventures
Exa Laboratories designs AI chips (XPUs) optimized for machine learning inference and training with reduced energy consumption.
AI & Machine LearningHardwareSemiconductorsSan Francisco, US
Co-investorsOUTBOUND CAPITALTranspose Platform ManagementGeek Ventures
Fastest car deliveries in Europe.
Fika Jobs runs video conversations with an AI agent to build a candidate profile that goes beyond a CV, then matches job seekers with companies based on salary, culture, and other parameters.
AI & Machine LearningHR TechMarketplaces
Co-investorsAlliance VCLuminar VenturesAlliance Venture
Fluencify is a full-service, software-powered creator marketing platform that runs UGC campaigns end to end, handling briefing, creator matching, quality control, distribution, and payouts while clients oversee everything through a real-time dashboard.
Creator EconomyMarketing TechSaaS
Making game development possible for everyone.
Preventing epidemics with genomics.
Redefining the future of global mobility.
Making hydrogen cheaper than fossil fuels.
Hashlist is an integrator for automotive software and safety-critical systems, providing specialized tools, a deployment platform, and a network of over 100,000 domain experts to global vehicle OEMs and technology partners.
AI & Machine LearningFuture of WorkMobility & Transportation
Hedda provides an AI intelligence layer that connects a company's existing systems and turns unstructured project data from tenders, contracts, drawings and technical documents into searchable organizational knowledge.
AI & Machine LearningConstruction TechSaaS
Co-investorsInception Fund
Giving all industrial companies an AI CPQ system.
Accelerating electrification of industrial heat.
Influencer marketing at scale.
Innovestor is a Finnish investment manager active in venture capital, real estate, and energy storage, investing in early-stage technology and life science/health startups and cash-flow-generating commercial properties.
Fintech
Co-investorsInsta VenturesTesi (Finnish Industry Investment Ltd)
AI-first platform providing support for future planning and loss, transforming the insurance industry.
Insurello helps people claim insurance compensation for personal injuries and accidents by managing claims on their behalf, taking no fee if the claim is unsuccessful.
InsurTechLegalTechStockholm, SE
Co-investorsInventureLuminar VenturesSchibsted Growth
Intergrid provides an "Autopilot" software platform that automates industrial energy operations end-to-end, including consumption forecasting, power market trading, and remote system control and monitoring using AI and machine learning.
AI & Machine LearningCleantechEnergy
Inven provides AI-powered workflows for investment and consulting firms to automatically generate company materials such as market maps, financial profiles, and competitive landscapes from structured data.
AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechSaaS
Tommi Kupiainen(Founder)in
Co-investorsJoint EffectsLifeline VenturesVendep CapitalVentech
Kenley builds AI agents for advisory and financial services firms to automate repetitive tasks including proposal drafting, document creation, and analysis.
AI & Machine LearningEnterprise SoftwareFintechFuture of WorkLondon, GB
Bolu Ben-Adeola(Founder)inNoah Öhrner(Founder)in
Co-investorsY Combinator
Kreia is a social media management service that ideates, designs, edits, and publishes ready-made content (reels, carousels, statics) on behalf of businesses using their existing brand assets, as either organic posts or paid ad campaigns.
Creator EconomyMarketing TechSaaS
Nea(Founder)
Co-investorsnode.vc
Lavoit supplies chemical products and analytical services to industrial sectors including fertilizer production, steel manufacturing, and hydrocarbon processing.
Advanced ManufacturingEnergy
Co-investorsStarship Ventures
Librar is a library management system designed for schools that uses AI to automate inventory and catalog management.
AI & Machine LearningEdTechSaaS
Lifeline Ventures is a sector-agnostic early-stage venture capital firm that invests at the pre-seed and seed stages and partners with founders from the start of their journey.
Sector Agnostic
Co-investorsTesi (Finnish Industry Investment Ltd)
Intelligent LLM input compression.
Luminar Ventures is a pre-seed and seed-stage venture capital firm investing in generalist startups across the Nordics, with ticket sizes of €500k–€2.5m.
Magnus Bergman(Founder)in
Co-investorsPeak
Expanding the frontiers of machine intelligence.
Making people excited about Monday.
Newly (Newly AI) is an AI platform that builds native iOS and Android apps from plain-English prompts, handling design, backend, deployment, and App Store/Play Store compliance without coding.
AI & Machine LearningDeveloper ToolsSaaSStockholm, SE
Christopher Gauffin(Founder)
Co-investorsPSV
Nexit Ventures is a technology growth investor focused on later-stage B2B investments in European technology companies undergoing digital transformation.
Nimble Fox is an AI tool for Unity developers that generates game assets and Unity components — including GameObjects, Prefabs, scripts, audio, characters, and particle systems — from text ideas.
AI & Machine LearningDeveloper ToolsGaming
Co-investorsSisu Game Ventures
Normative offers science-based carbon removal and climate investment products to help companies compensate for emissions they cannot reduce and reach net zero.
AI & Machine LearningCleantechClimate TechSaaSStockholm, SE
Adam Wamai Egesa(Co-founder)inKristian Rönn(Co-founder)Robin Undall-Behrend(Co-founder)
Co-investorsbyFoundersCarbonHAWKTAILHorizons VenturesLuminar Ventures
Paebbl produces carbon-storing materials, including its Rebond 200 additive used to partially replace traditional cement in ready-mix concrete, reducing the concrete's embodied carbon while meeting standard strength specifications.
Climate TechConstruction TechNew Materials
Co-investors2050CapnamicHolcim MAQER VenturesPale Blue Dot
Swedish pre-seed and seed venture fund investing in climate tech companies across Europe and, selectively, the US.
Co-investorsTesi (Finnish Industry Investment Ltd)VNV Global
Pango is an AI-powered operating system for e-commerce logistics that unifies shipping, tracking, returns, and post-purchase operations in a single platform.
AI & Machine LearningE-commerceEnterprise SoftwareLogistics & Supply ChainStockholm, SE
Steve Rahimi(Founder)inLukasz Reszczynski(Founder)in
Co-investorsHeartfelt CapitalY Combinator
Peak is an early-stage venture capital fund that backs SaaS, marketplace, and platform startups across Europe.
Enterprise SoftwareMarketplacesSaaSAmsterdam, NL
Johan van MilHeleen Dura – van Oord
Co-investorsbacktrace capital
Percipio Health helps independent primary care practices claim Advanced Primary Care Management (APCM) reimbursements from Medicare that most practices do not yet operationalize.
AI & Machine LearningHealthtechInsurTechPlano, US
David Lucas(Executive Officer, Director)inJonathan Phillips(Director)Eric Rock(Executive Officer, Director)in
Co-investorsFlare Capital PartnersFortySix Venture CapitalHurricane VenturesFirst Trust Capital PartnersShunwei Capital
Qualia Studios trains and deploys robotic foundation models for factory and warehouse automation, handling tasks like multi-object grasping from mixed, unstructured bins across a real SKU mix without jigs or fixed poses.
Advanced ManufacturingAI & Machine LearningRoboticsCopenhagen, DK
Co-investorsHeartcore Capital
Automating social media content creation for the real estate industry.
Robot foundation model infrastructure.
Scape is a desktop email client that organizes inboxes for Gmail and Outlook users, using AI to prioritize important messages, draft replies, and track follow-ups from emails and meetings.
AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSStockholm, SE
Melvin Hagberg(Founder and CEO)in
Co-investorsInception FundY CombinatorAngelHub
Schibsted is a Nordic media house that operates news brands reaching audiences in Sweden, Norway, and Finland.
Media & Entertainment
The new era of security and robotics.
Solace Care is a digital platform for legacy planning and guided loss support, offering personalized checklists, AI-powered assistance, and secure document storage to help individuals prepare ahead and support families through the practical and emotional tasks following a death.
AI & Machine LearningSaaSWellness & Fitness
Solu provides a cloud-based genomic surveillance platform that analyzes microbial genomes in real-time without requiring coding or configuration.
BiotechCloud ComputingHealthtech
Co-investorsLifeline VenturesPappas Capital
Spark Biomedical develops wearable neurostimulation devices for bioelectronic medicine applications, primarily targeting mental health, women's health, hemostasis, and pediatrics.
BiotechDigital HealthHardwareHealthtechMedical DevicesDallas, US
Daniel Powell(President & Chief Executive Officer)inAlejandro Covalin, PhD(Chief Technology Officer)inNavid Khodaparast, PhD(Chief Science Officer)inAlejandro Covalin(Chief Technology Officer and Director)Navid Khodaparast(Chief Science Officer and Director)Ted Costopoulos(Director)
Co-investorsAggie Angel NetworkPathway to Cures
Spiich is an AI sales assistant that automates CRM admin work — finding and enriching leads matching a customer's ideal profile, adding prospects, generating meeting briefings and follow-ups, and updating CRM records through voice or text conversation.
AI & Machine LearningSaaSSales Tech
Co-investorsAmpli Ventures
Surgify Halo is a medical technology company that develops innovative bone cutting technology designed to improve safety, precision, and efficacy in surgical procedures.
Deep TechHealthtechMedical Devices
Co-investorsButterfly VenturesInnovestor Ventures
A company positioned around security and defense with a stated focus on Europe, though the page provides only high-level mission statements without concrete details on its products or services.
Defense Tech
The smartest way to buy sustainable plastics.
Synergi operates a platform that connects and optimizes distributed energy resources (EVs, solar, heat pumps, batteries) to balance electricity supply and demand across households and the grid.
CleantechConsumerEnergySaaS
Co-investorsGreencode VenturesHeartfelt CapitalLifeline Ventures
Tenet Industries develops industrial systems and platforms, with product offerings including Midsummer and TenetTX.
Advanced ManufacturingHardwareSan Francisco, US
Emil Falk(Founder)inFabian Andersson(Founder)inHugo Frisk(Founder)in
Co-investorsY Combinator
The Token Company builds a compression model called Bear-2 that reduces the size of LLM inputs such as documents, websites, and transcripts before they enter an LLM context window.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSan Francisco, US
Otso Veisterä(Founder)in
Co-investorsFailup VenturesInception FundY CombinatorVisionaries Club
Trind is an early-stage venture capital firm that invests in consumer and community-driven startups across Europe, providing initial and follow-on funding from first ticket through multiple rounds.
Co-investorsTesi (Finnish Industry Investment Ltd)
Co-investorsFoundryUnion Grove Venture Partners
Tzafon develops machine intelligence systems focused on multimodality, high-performance compute, and continuous learning.
AI & Machine LearningDeep Tech
Noah T.(Founder)in
Co-investorsStreamlined VenturesHannah Grey VenturesKakao VenturesZone 2 Ventures Llc
Vetnio is an AI copilot platform for veterinarians that automates clinical notes, provides diagnostic support, and manages calls and messages.
AI & Machine LearningEnterprise SoftwareFuture of WorkHealthtechSaaSStockholm, SE
Arman Karégar(Founder)inMax Henry Xie(Founder)in
Co-investorsPeakY Combinator
Walerud Ventures is a Nordic pre-seed investor focused on deep tech projects, positioning itself as a first investor and "last cofounder" for founders.
Deep Tech
Willo develops wireless power technology that transmits energy over the air in a 360° field without cables, line of sight, or alignment restrictions, based on a departure from conventional induction theory.
Deep TechEnergyHardwareHelsinki, FI
Co-investorsUnruly Capital
YZR Capital is a founder-led, independent investment platform focused on healthcare innovation, backing early-stage to growth-stage companies across Europe.
Munich, DE
Co-investorsBeiersdorf Innovation FundPeakBertelsmann InvestmentsEuropean Investment FundKfW Capital
ZSCC designs AI silicon chips (XPU) optimized for energy efficiency in machine learning inference and training, targeting the infrastructure demands of recursive self-improvement and advanced AI systems.
Advanced ManufacturingAI & Machine LearningDeep TechSemiconductorsSan Francisco, US
Elias Almqvist(Founder/CEO)inPrithvi Raj(Founder)in
Co-investorsFailup VenturesGeek VenturesOlive Tree CapitalY Combinator
Portfolio news
latest coverage across their companiesPaebbl · x.com · Aug 9, 2026
YZR Capital · johngannonblog.com · Jul 24, 2026
Andon Labs · sherwood.news · Jun 4, 2026
Tenet Industries · ycombinator.com · May 29, 2026
Normative · business-standard.com · May 24, 2026
CRACI · startupreporter.eu · May 23, 2026
Newly · fundraiseinsider.com · May 8, 2026
Librar Labs · techcrunch.com · Mar 26, 2026
Frequently asked questions
- How many investments has Wave Ventures made?
- Wave Ventures has 105 tracked investments, including 1 dated in the last 24 months.
- What stage does Wave Ventures invest at?
- Wave Ventures invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Wave Ventures focus on?
- Wave Ventures focuses on Cleantech, Enterprise Software, Media & Entertainment, New Materials, Retail Tech, SaaS, Sector Agnostic.
- Where is Wave Ventures located?
- Wave Ventures is headquartered in Helsinki, FI.
- Does Wave Ventures lead rounds?
- Wave Ventures typically participates in rounds rather than leading them.
- Who does Wave Ventures co-invest with?
- Wave Ventures most often shares deals with Lifeline Ventures, Y Combinator, Tesi (Finnish Industry Investment Ltd), among 49 tracked co-investors.
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