Wave Ventures has announced the final close of its €10 million Fund III. Alongside the fund close, the firm is also launching a €240,000 Rebellion Grant to support early-stage founders across the Nordics with non-dilutive funding and partner credits.
- Founded in 2016 in Helsinki as a student-led venture capital initiative, Wave Ventures invests at pre-seed and angel stages, often serving as one of the first institutional backers of Nordic startups.
- Since its launch, it has made over 50 investments, including companies such as Inven and Tzafon, and in 2024 supported three of the five Nordic startups accepted into Y Combinator.
- With the new fund, Wave Ventures will expand its early-stage investing across the Nordics, continuing its focus on identifying and backing founders at the earliest stages. The fund typically backs 10 to 20 teams per year, investing up to €300,000 per company to help founders move from idea to early traction.
- Alongside this, the €240,000 Wave Rebellion Grant is designed for even earlier-stage founders, often pre-idea or just beginning their entrepreneurial journey. It provides non-dilutive funding and partner credits, including support from AWS and Anthropic, enabling young builders to experiment, build prototypes, and take their first steps without the pressure of raising capital.
- The new fund is backed by founders, operators, and investors from companies including Spotify, Wolt, Slack, Bolt, Oura, Nokia, Supercell, GANNI, and Voi, alongside European venture capital firms and family offices.
