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Third Wave Digital is a venture capital firm founded in 2014 by Allen DeBevoise in Los Angeles. The firm focuses on investing in and supporting companies within the digital media landscape, emphasizing technology, distribution, and programming. Third Wave Digital believes that the next generation of media companies will be built for digital platforms, and it aims to back exceptional founders who are shaping the future of media.
As of now, Third Wave Digital has made over 63 investments, showcasing a commitment to the digital media sector. The firm operates globally, targeting a diverse range of digital media services. Notable milestones include backing companies that have achieved significant exits, such as Vessel, which was acquired by Verizon. The firm continues to evolve, adapting to the fast-paced changes in the digital media environment.
Third Wave Digital invests in various sectors within the digital media space, including media, digital health, AI, SaaS, fintech, consumer, and commerce. The firm engages with companies at different stages of development, from pre-seed to Series B, allowing for a broad investment strategy. Typically, Third Wave Digital participates in rounds with 5-6 co-investors, indicating a collaborative approach to funding.
The firm focuses on minority investments in seed through later-stage companies across digital media, advertising technology, content distribution, and adjacent software sectors. Third Wave Digital seeks to enhance the digital media landscape through strategic investments, particularly in digital video platforms, mobile digital video programming, and virtual reality. They look for founders who are innovative and capable of navigating the evolving digital landscape.
Third Wave Digital has a diverse portfolio of 63 companies, primarily focused on digital media. Notable portfolio companies include:
These companies illustrate Third Wave Digital's commitment to investing in innovative digital media services and technologies.
Allen DeBevoise — Founder/General Partner. Allen is a serial digital media operator and previously co-founded Machinima, one of the earliest YouTube MCNs. He has held various roles in digital media distribution and is an active speaker at industry conferences, including the NY Games Conference and NY Media Festival.
To pitch Third Wave Digital, founders should visit their website at thirdwavedigital.vc. It is advisable to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. The firm prefers pitches that demonstrate a clear understanding of the digital media landscape and the potential for growth.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not strictly necessary.
As of April 2023, Third Wave Digital continues to maintain an active presence in the venture capital space, focusing on investments in innovative digital media companies. The firm has made over 63 investments since its inception in 2014, with notable portfolio companies achieving significant milestones.
Recent activity includes continued support for existing portfolio companies and exploration of new investment opportunities within the digital media sector.
What are Third Wave Digital's investment criteria?
Third Wave Digital invests in companies across various stages, from pre-seed to Series B, focusing on digital media, advertising technology, and content distribution. They prefer minority investments and typically engage with companies that demonstrate strong growth potential in the digital landscape.
How can I pitch to Third Wave Digital?
Founders can pitch their ideas through the firm's website at thirdwavedigital.vc. It is recommended to include a clear business model, market analysis, and team background in the pitch deck.
What makes Third Wave Digital different from other VC firms?
Third Wave Digital specializes in digital media investments, leveraging deep industry expertise and a strong network to support portfolio companies. Their focus on the digital media landscape allows them to provide tailored guidance and resources.
What is the geographic scope of Third Wave Digital's investments?
The firm operates globally, targeting innovative companies in the digital media sector regardless of location.
What is the typical check size for investments?
Third Wave Digital participates in funding rounds with multiple co-investors, but specific check sizes are not publicly disclosed. They typically invest in seed through later-stage rounds.
What kind of post-investment support does Third Wave Digital provide?
The firm adds value through strategic guidance, access to industry contacts, and support in navigating the digital media landscape, helping portfolio companies scale effectively.
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