Helsinki · Pre-Seed–Series A · 7 people tracked
Find your way into Wave Ventures
1,937 people in our graph share verified history with the Wave Ventures team — schools, employers, funds. One of them is your warm intro.
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 59 of 110 portfolio companiesAI & Machine Learning ×33SaaS ×19Enterprise Software ×15Deep Tech ×11Cleantech ×8Developer Tools ×8Future of Work ×7Climate Tech ×6
HQs:Sweden×9United States×8Finland×7Germany×3Netherlands×2China×1
Who they back
founder profiles across 25 portfolio companiesFounding team size:solo founder×112 founders×83 founders×44+ founders×2
Where their founders studiedfrom 34 founders with education data
KTH Royal Institute of Technology ×10Aalto University ×9Stockholm School of Economics ×3The Faculty of Engineering at Lund University ×2University of Cambridge ×2University of Helsinki ×2
What their founders studiedfrom 29 founders with field-of-study data
Computer Science ×12Engineering ×11Business & Management ×6Economics ×2Mathematics & Statistics ×2Physics ×2
Where their founders worked beforefrom 33 founders with career history
Aalto Entrepreneurship Society ×2Clair ×2Teamspective ×2
Accelerator rootsportfolio companies that came through a program
2 founders hold a PhD · 1 hold an MBA (of 35 with degree data)
Investments · 110 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 62024 · 19 dated
Fika is a talent marketplace platform that connects workers with job opportunities designed to improve workplace satisfaction and engagement.
AI & Machine LearningB2B MarketplacesFuture of WorkHR TechMarketplacesSweden, SE
Co-investorsAlliance VCLuminar VenturesAlliance Venture
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
Primogene is a biotech company that uses an enzymatic platform of enzyme cascades to produce complex human milk oligosaccharides (HMOs), such as DSLNT and LNDFH I, at industrial scale.
BiotechCybersecurityDeep TechDeveloper ToolsFoodTechHealthtechMedia & EntertainmentMedical DevicesMagdeburg, DE
Dennis Marttinen(Co-founder)BröckerNollert
Co-investorsBetter Venturesbmp VenturesFirst Fellow PartnersLifeline Ventures
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)inAxel Backlund(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
Arkyv provides AI capabilities integrated into existing architecture design software like Revit, Archicad, and Rhino, automating repetitive tasks and documentation work for architects and design teams.
AI & Machine LearningConstruction TechSaaS
AxelAriaOliver
Co-investorsAntlerBling CapitalPSVTiny Supercomputer Investment Company
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 an investment and advisory firm led by experienced professionals from investing, consulting, and operations backgrounds who help entrepreneurs accelerate growth while pursuing Net Zero sustainability goals.
CleantechClimate TechImpact & Social Good
Co-investorsIreland Strategic Investment FundTesi (Finnish Industry Investment Ltd)Impact Engine
Boksi is a platform for managing influencer marketing campaigns, enabling brands to discover creators across TikTok and Instagram, generate campaign briefs with AI, and coordinate all aspects of creator collaborations from negotiation through payment.
AI & Machine LearningB2B MarketplacesCreator EconomyMarketing TechSaaSHelsinki, FI
Linus Lindgård(Founder)inTomer Atzmon(Founder)in
Co-investorsTrind Ventures3TS Capital Partners
Early-stage fund built around a collective of Nordic and Baltic founders.
Co-investorsAspire11Elmehøj VenturesAntlerBain Capital CryptoFarvatn VentureSkyfall 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)inChris Carstens(Co-Founder)in
Co-investorsAuxxoBlue Ivy VenturesCherry VenturesLifeline VenturesStarlight VenturesTrue 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-investorsInception FundSkyfall Ventures
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
Fluencify produces user-generated content for direct-to-consumer and ecommerce brands, delivering authentic product videos from real users at scale for paid and organic social channels.
Creator EconomyDirect to ConsumerE-commerceMarketing TechSaaS
Co-investorsbyFounders
GenZero is an investment firm that deploys patient capital into nature-based solutions, climate-driven technologies, and carbon ecosystem enablers to drive decarbonization and generate climate impact while supporting local communities and biodiversity.
CleantechClimate TechFintechImpact & Social GoodSingapore, SG
Frederick Teo(Chief Executive Officer)in
Co-investorsTemasek
Hashlist provides tooling and integration services for OEMs and technology partners building physical AI systems, bridging the gap between chip performance and AI model deployment in vehicles, robots, and autonomous systems.
AI & Machine LearningB2B MarketplacesDeep TechFuture of WorkMobility & TransportationSaaS
Hedda is an AI system for analyzing RFPs and complex project documentation, helping teams qualify opportunities, extract requirements, and draft responses by connecting to existing enterprise systems like SharePoint and Microsoft 365.
AI & Machine LearningConstruction TechEnterprise SoftwareSaaS
Zakarias Hedenfalk(Founder)inFabian Platoff(Founder)inFredrik Juvet(Founder)in
Co-investorsInception FundAntlerZenith Venture Capital
Innovestor is a Finnish investment manager offering opportunities in venture capital, commercial real estate, and energy storage assets.
CleantechDeep TechEnergyFintechImpact & Social GoodJyväskylä, FI
Co-investorsInsta VenturesTesi (Finnish Industry Investment Ltd)
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 CombinatorVistara Growth
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)Jiri Heinonen(Founder)in
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)
Luminar Ventures is a venture capital firm focused on pre-seed and seed-stage investments, backing founders in the Nordic region.
Sector Agnostic
Magnus Bergman(Founder)in
Co-investorsPeak
Vectorview (Andon Labs) benchmarks and deploys frontier AI in real-world settings, building what it calls the Safe Autonomous Organization by combining AI control research with live testing.
AI & Machine LearningDeep Tech
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)in
Co-investorsPSVGreylock Partners
Nexit Ventures is a venture capital firm founded in 1999 that invests in later-stage European technology companies undergoing digital transformation, with bases in the Nordic countries and Silicon Valley.
Cloud ComputingDeveloper ToolsEnterprise SoftwareHelsinki, FI
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)inRobin Undall-Behrend(Co-founder)
Co-investorsbyFoundersCarbonHAWKTAILHorizons VenturesLuminar VenturesBlume Equity+1 more
Paebbl develops carbon-neutral concrete technology for construction and infrastructure projects, demonstrated through a partnership with Heijmans on a pedestrian bridge.
CleantechClimate TechConstruction TechNew Materials
Co-investors2050CapnamicAmazon Alexa FundHolcim 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 GlobalPrima Materia
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 CapitalVela PartnersY Combinator
Peak is a venture capital firm investing in early-stage software companies in the Benelux and DACH regions, with a focus on B2B SaaS, AI, EdTech, and the future of work.
E-commerceEnterprise SoftwareMarketplacesSaaSAmsterdam, NL
Johan van MilHeleen Dura – van OordLeszek Zawadzki(Co-founder & CEO)Alina Prelicz(Co-founder & COO)Paweł Tatarczuk(Co-founder & CTO)Stefan Bary(General Partner)in
Co-investorsFJ LabsLakestarMarket One CapitalSMOK Venturesbacktrace capitalPembroke VCT+1 more
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
Percipio develops 3D vision cameras and software solutions for industrial automation, logistics, and mobile robots.
Advanced ManufacturingAI & Machine LearningHardwareLogistics & Supply ChainRobotics
Co-investorsPan-Lin CapitalFirst Trust Capital Partners
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
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 media company with roots as a publishing house established in the 19th century, operating primarily as a digital media and publishing platform in the Nordic region.
Digital HealthMedia & Entertainment
Solace Care is a digital platform for end-of-life planning and bereavement support that helps individuals and families prepare for loss, navigate the practical and emotional aftermath of death, and access guided support through insurance and employer partnerships.
AI & Machine LearningDigital HealthMental HealthSaaSWellness & FitnessStockholm, SE
Josef(Co-founder)Valtteri(Co-founder)
Co-investorsSpintop Ventures
Solu provides a cloud-based genomic surveillance platform that analyzes microbial genomes in real-time without requiring coding or configuration.
BiotechCloud ComputingHealthtech
Sam Sihvonen(Founder)in
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)inNavid Khodaparast(Chief Science Officer and Director)inTed Costopoulos(Director)
Co-investorsAggie Angel NetworkPathway to Cures
Spiich is a lead prospecting platform that identifies and enriches qualified prospects matching a company's ideal customer profile, then syncs them directly to CRM systems like HubSpot, Salesforce, Attio, and Pipedrive.
AI & Machine LearningEnterprise SoftwareFuture of WorkMarketing TechSaaSSales Tech
Johan Torssell(Founder)in
Co-investorsAmpli VenturesIndex 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
Sustashift offers a sustainability reporting platform serving businesses, and acquired Tofuture's business to expand to around 60 customers across five countries.
Climate TechImpact & Social GoodSaaS
Co-investorsGreencode Ventures
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 ManufacturingHardwareRoboticsSan 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.
Taavi Lepmets(Founder)in
Co-investorsTesi (Finnish Industry Investment Ltd)Innovestornode.vcTrind Ventures
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 delivery technology aimed at transmitting energy through the air rather than cables, targeting industrial environments such as factories, warehouses, and offices.
Deep TechEnergyHardwareHelsinki, FI
Co-investorsbyFoundersUnruly 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/CTO)in
Co-investorsFailup VenturesGeek VenturesOlive Tree CapitalY Combinator
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Agentic Shopping Data CompanyAI Bid Management CompanyAI Chip CompanyAI Company Search StartupAI Consulting CompanyAI Mobile Games CompanyAI Native CRM CompanyAI Property Management CompanyAI Retail Planning CompanyAI Sales CRM Assistant CompanyAI Voicemail Assistant CompanyArchitecture Tooling StartupAtlazAttention-as-a-Service CompanyAutomotive Talent PlatformAutonomous Cybersecurity CompanyBone Surgery CompanyBoughtCarbon Restoration CompanyDefense Systems CompanyElectricity Bill Savings CompanyFast Car Delivery CompanyGame Development PlatformGenomics Epidemic CompanyGlobal Mobility CompanyGreen Hydrogen CompanyIndustrial AI CPQ CompanyIndustrial Heat Electrification CompanyInfluencer Marketing CompanyInsurance Claims CompanyInsurance Future Planning CompanyLLM Input Compression CompanyMachine Intelligence CompanyMindful Dressing CompanyMonday StartupReal Estate Social Media CompanyReceipt Elimination StartupRobot Foundation Model CompanySecondhand Automation CompanySecurity and Robotics CompanySustainability Company (Kristian Ronn)Sustainable Plastics CompanyTrue Ventures
Portfolio news
latest coverage across their companies
Fluencify · influencers-time.com · Sep 12, 2026
Lifeline Ventures · techfundingnews.com · Sep 9, 2026
Boksi · arcticstartup.com · Sep 8, 2026
Peak · artemis.bm · Sep 8, 2026
byFounders · techfundingnews.com · Sep 7, 2026
Trind Ventures · techfundingnews.com · Sep 2, 2026
Nimble Fox · gamesbeat.com · Aug 31, 2026
Solace · trysignalbase.com · Aug 25, 2026
Frequently asked questions
- How many investments has Wave Ventures made?
- Wave Ventures has 110 tracked investments, including 9 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 52 tracked co-investors.
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