Wave Ventures

Wave Ventures is a Helsinki-based venture capital firm established in 2016, focusing on early-stage investments in the Nordics and Baltics, particularly targeting Gen Z founders. It is managed entirely by students from local universities, providing a unique approach to identifying emerging innovations.

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Overview

Wave Ventures is a venture capital firm founded in 2016, with offices in Helsinki, Finland, and Stockholm, Sweden. It is recognized as Europe's largest Gen Z-led VC firm, managed entirely by students from Aalto University and the University of Helsinki. The firm specializes in early-stage investments, particularly in angel and pre-seed funding, focusing on exceptional young founders in the Nordics and Baltics. Wave Ventures employs a rotating team of university students who are deeply embedded in local startup ecosystems, allowing them to effectively identify emerging innovations and support the next generation of builders. The firm has a strong emphasis on sectors such as climate tech, health, fintech, and generative AI, and has successfully closed Fund III in May 2025, raising €7M.

Focus

Wave Ventures invests primarily in early-stage companies, specifically targeting the angel and pre-seed investment phases. The firm is particularly focused on startups in the Nordics and Baltics, leveraging its unique student-run model to connect with emerging founders and innovative ideas.

Support

Wave Ventures provides significant value to its portfolio companies through access to a robust network of founders and industry leaders, facilitated by its unique student-run model. The firm offers not only capital but also mentorship and connections to a wide array of resources within the Nordic startup ecosystem.

Questions

What are Wave Ventures' investment criteria?

Wave Ventures invests primarily in early-stage startups at the angel and pre-seed stages. The firm focuses on companies led by Gen Z founders in the Nordics and Baltics, particularly in sectors like climate tech, fintech, healthcare, and AI.

How can I pitch to Wave Ventures?

Founders can pitch to Wave Ventures through their website at wave.ventures. It is recommended to include a clear business model, market analysis, and the team’s background in the pitch deck.

What makes Wave Ventures different from other VCs?

Wave Ventures is unique as it is managed entirely by students, providing a fresh perspective on investment opportunities. This student-run model allows for a strong connection to the Gen Z founder pipeline and a commitment to supporting young entrepreneurs.

What is the typical check size for investments?

Wave Ventures typically invests between $10,000 and $500,000 in early-stage startups, allowing for flexibility in funding various stages of development.

What is the geographic focus of Wave Ventures?

The firm primarily focuses on the Nordic and Baltic regions, aiming to support startups that are innovating within these markets.

What kind of support do portfolio companies receive?

Wave Ventures provides significant value through mentorship, access to a robust network of founders and industry leaders, and connections to resources within the Nordic startup ecosystem.

Check your startup’s fit

Check your startup’s fit with Wave Ventures

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