Wave Financial

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Sep 1, 2025	Modular	$250.0M Series C	—	2xN, 8090 Industries, ARCH Venture Partners, At One Ventures, BoxOne Ventures, Comal Ventures, DFJ, General Catalyst, WestRiver Group, Elia Montanari, Jeffrey Wilke, Sahin Boydas, Thomas Tull
Jul 1, 2025	XMTP	$20.0M Series B	—	Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Awesome People Ventures, Bailhe, Batalion Capital, Broadstone, Capital Factory, Form Capital, FTX Ventures, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures, Lightspeed Venture Partners, Multicoin Capital, Not Boring Capital, Ben Huh, Pantera Capital, Pharos Capital Group, Redpoint Ventures, Robot Ventures, Scalar Capital, Sequoia Capital, Seven Seven Six, Sound Ventures, The Hit Forge, Timespan Ventures, Todd and Rahul's Angel Fund, Union Square Ventures, White Loop Capital, Anthony Pompliano, Balaji Srinivasan, Bobby Goodlatte, Chris Kurdziel, Courtney Guertin, Ethan Beard, Fernando Martinelli, Itamar Lesuisse, Jess Sloss, Joe Stump, Michael Dunworth, Narendra Rocherolle, Paul Stamatiou, Reggie James, Ricky Engelberg, Scott Belsky, Shishir Mehrotra, Stani Kulechov, Tegan Kline, William Boebel
Feb 1, 2025	Maestro	$3.0M Seed	—	Draper Associates, Trammell Venture Partners, Stephen Cole
Jan 1, 2025	Music AI	$40.0M Series A	—	Bam Ventures, Kickstart Fund, Lightspeed Venture Partners, monashees, Hans Tung, Tiger Global Management, Vera Equity, Beau Laskey, Colin Carrier, Gregory Waldorf, Guilherme Bonifacio, Steve Aoki
Oct 1, 2024	Kick	$9.0M Seed	—	AirAngels, Alpine Ventures, Alumni Ventures, Amicus Capital, Baroda Ventures, B Capital Group, Bow Capital, Browder Capital, Davidovs VC, Fin Capital, Footprint Coalition, General Catalyst, Greylock, Idealab, Kickstart Fund, Lead Edge Capital, LGF, monashees, Mucker Capital, Hans Tung, Otherwise Fund, Picus Capital, Resolute Ventures, Seaside Ventures, Seguin Ventures, Sequoia Capital, SignalFire, Stellar Capital, TechSquare Labs, Tiger Global Management, Vera Equity, Vibe Capital, Yext, Alexander Zhuravlev, Alex Zhuravlev, Bartek Pucek, Beau Laskey, Ding Zhou, Eddie Lou, Gokul Rajaram, Gregory Waldorf, Guilherme Bonifacio, Humberto Ayres Pereira, Jason Goldberg, Jason Lemkin, Karim Atiyeh, Kim Perell, Manik Gupta, Robert Moore, Ron Pragides, Sahil Lavingia, Scott Belsky, Youcef Es-skouri
Oct 1, 2024	TrueLayer	$50.0M Series E	—	A/O PropTech, Kickstart Fund, monashees, Mouro Capital, Northzone, Hans Tung, QED Investors, Stanley Ventures, Nicholas Shekerdemian, Tiger Global Management, Vera Equity, Beau Laskey, Gregory Waldorf, Guilherme Bonifacio
Aug 1, 2024	H3X Technologies	$20.0M Series A	—	AllegisCyber Capital, Alumni Ventures, Bascom Ventures, Baukunst, Cubit Capital, Draper Associates, Infinite Capital, Lerer Hippeau, Liquid 2 Ventures, Lockheed Martin Ventures, LombardStreet Ventures, Metaplanet, Razor's Edge Ventures, Shield Capital, Sinai Ventures, Space Capital, Supply Change Capital, John M. Mueller, Marty Weiss
Jul 1, 2024	Caldera	$15.0M Series A	—	Andreessen Horowitz, Bailhe, Founders Fund, Framework Ventures, FTX Ventures, Multicoin Capital, Sequoia Capital, White Loop Capital
May 1, 2024	Xona	$19.0M Series A	—	2xN, 8090 Industries, ARCH Venture Partners, At One Ventures, Bascom Ventures, BoxOne Ventures, Comal Ventures, Future Ventures, Khosla Ventures, Seraphim Space, TitletownTech, WestRiver Group, Chris Gasteratos, Jeffrey Wilke, Sahin Boydas, Thomas Tull
Feb 1, 2024	QED Protocol	$3.0M Seed	—	CrunchFund, DecentraNet, FMFW.io, Galaxy Digital, Monday Capital, Republic Capital, Scout Ventures, Symbolic Capital, Adam Back, Brad Yasar, Craig Sellars, George Burke
Jan 1, 2024	Ithaca Finance	$3.0M Seed	—	10T Holdings, Foundation Capital, Kraken Ventures, Morgan Creek Capital Management, Plug & Play Ventures, Polychain Capital, Andrew Keys, Balaji Srinivasan, Shy Datika
Dec 1, 2023	EclipseFi	$2.0M Seed	—	CrunchFund, DecentraNet, FMFW.io, Galaxy Digital, Monday Capital, Republic Capital, Scout Ventures, Symbolic Capital, Adam Back, Brad Yasar, Craig Sellars, George Burke
Jun 1, 2023	Biophysical Therapeutics	$190K Seed	—	CrunchFund, DecentraNet, FMFW.io, Galaxy Digital, Monday Capital, Republic Capital, Scout Ventures, Symbolic Capital, Adam Back, Brad Yasar, Craig Sellars, George Burke
May 1, 2023	Spiff	$50.0M Series C	—	Accel, Album VC, Anthemis Group, Fin Capital, General Catalyst, Global Founders Capital, Greenoaks Capital, Index Ventures, Kickstart Fund, La Famiglia, Lightspeed Venture Partners, Luv Ventures, Meritech Capital Partners, monashees, Northzone, Norwest Venture Partners, Hans Tung, Picus Capital, Runway Growth Capital, Telescope Partners, Tiger Global Management, Vera Equity, Anselm Bauer, Beau Laskey, Benjamin Guenther, Ellie Wheeler, Gregory Waldorf, Guilherme Bonifacio, Hanno Renner, Max-Josef Meier, Sebastian Schuon
Apr 1, 2023	LayerZero Labs	$120.0M Series B	—	Andreessen Horowitz, FTX Ventures, Future Ventures, Multicoin Capital, Sequoia Capital, Unruly Capital, White Loop Capital, Jutta Steiner
Mar 1, 2023	Quantrol Ox	$4.0M Seed	—	2xN, 8090 Industries, ARCH Venture Partners, At One Ventures, BoxOne Ventures, Comal Ventures, Earlybird Venture Capital, Plug & Play Ventures, Voima Ventures, WestRiver Group, Elia Montanari, Jeffrey Wilke, Sahin Boydas, Thomas Tull
Feb 1, 2023	Chaos Labs	$20.0M Seed	—	Banana Capital, Cambrian Ventures, Kevin Ding, Jenny Fielding, Scott Hartley, FirstHand Alliance, Foundation Capital, FTX Ventures, General Catalyst, Greenoaks Capital, Heartcore Capital, Kraken Ventures, LGF, Morgan Creek Capital Management, New Form Capital, Pantera Capital, Plug & Play Ventures, Point72 Ventures, Polychain Capital, South Park Commons, Susa Ventures, The Hit Forge, Uncorrelated Ventures, Allison Pickens (Allison Pickens Ventures), Andrew Keys, Balaji Srinivasan, Emmett Shear, Kevin Lin, Shy Datika, Tim Griffin
Feb 1, 2023	CoinCover	$30.0M Series B	—	Foundation Capital, Kraken Ventures, Morgan Creek Capital Management, Plug & Play Ventures, Polychain Capital, Andrew Keys, Balaji Srinivasan, Shy Datika
Jan 1, 2023	Colossal Biosciences	$160.0M Series B	—	2xN, 75 & Sunny, 8090 Industries, ACME Capital, Amadeus Capital Partners, ARCH Venture Partners, At One Ventures, BILL, BoxOne Ventures, Comal Ventures, Eclipse Ventures, Helium-3 Ventures, Intel Capital, Leawood Venture Capital, LombardStreet Ventures, Madrona Ventures, Maveron, Path Ventures, Prime Movers Lab, Vibe Capital, WestRiver Group, Elia Montanari, Jeff Bezos, Jeffrey Wilke, Sahil Lavingia, Sahin Boydas, Shervin Pishevar, Thomas Tull
Jan 1, 2023	EnrichAg	$6.0M Seed	—	2xN, 8090 Industries, ARCH Venture Partners, At One Ventures, BoxOne Ventures, Comal Ventures, WestRiver Group, Elia Montanari, Jeffrey Wilke, Sahin Boydas, Thomas Tull
Dec 1, 2022	Evertas	$14.0M Series A	—	Andreessen Horowitz, Bailhe, Rexhep Dollaku, BlueRun Ventures, Foundation Capital, FTX Ventures, Index Ventures, Khosla Ventures, Kraken Ventures, Long Journey Ventures, MATR Ventures, Morgan Creek Capital Management, Multicoin Capital, NFX, Plug & Play Ventures, Polychain Capital, SciFi VC, Sequoia Capital, Union Square Ventures, White Loop Capital, Akash Garg, Andrew Keys, Asaf Fybish, Balaji Srinivasan, Justin David Blau, Scott Banister, Shayne Coplan, Shy Datika
Dec 1, 2022	Revel.xyz	$8.0M Seed	—	Dragonfly Capital Partners, Balaji Srinivasan
Oct 1, 2022	Bumpa	$4.0M Seed	—	Base10 Partners, Foundation Capital, Jedar Capital, Kraken Ventures, Morgan Creek Capital Management, Plug & Play Ventures, Polychain Capital, Ahmed Mhiri, Andrew Keys, Balaji Srinivasan, Shy Datika
Oct 1, 2022	Stardust	$30.0M Series A	—	Delta Blockchain Fund, Framework Ventures, Great Oaks Venture Capital, Interplay Ventures, ParaFi Capital, Techstars, Torch Capital, Sebastien Borget
Sep 1, 2022	Glass	$5.0M Seed	—	Airtree Ventures, QueensBridge Venture Partners, TCG (The Chernin Group), Phil Quist

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Wave Financial.

Leadership Team

Key people at Wave Financial.

Deep Dive

Wave Financial, also known as Wave Digital Assets, is an SEC-registered investment advisory firm founded in 2018 and headquartered in Los Angeles. It specializes in digital asset management solutions for institutional investors, high-net-worth individuals, family offices, and blockchain protocols. The firm offers bespoke investment strategies focused on yield generation through private funds and managed accounts, combining venture capital, fund management, and wealth management expertise within the digital asset ecosystem. Wave manages over $1 billion in assets and provides services including treasury management, early-stage venture capital, and strategic consultation, aiming to bridge traditional finance with cutting-edge blockchain technology[1][2][4][5].

Founded by a team of crypto natives and financial services professionals, Wave emerged from the spinout of the Wave Genesis fund from Wavemaker Partners, a traditional tech VC firm. The founders leveraged their deep institutional experience in both traditional and decentralized finance to create a firm that innovates in digital asset investment management. Early traction included building a suite of actively managed crypto investment funds and establishing strong institutional relationships, positioning Wave as a pioneer in risk-managed digital asset strategies[1][2][5].

Core Differentiators

Unique Investment Model: Combines venture capital, fund management, and wealth management tailored to digital assets, focusing on yield and alpha generation through actively managed funds and bespoke portfolios[1][2][4].
Network Strength: Strong institutional relationships and partnerships across blockchain protocols and service providers worldwide, enhancing deal flow and strategic insights[2][4].
Track Record: Over $1 billion in assets under management with a history of innovative, research-driven products such as derivative-based yield strategies and tokenized assets[1][3][4].
Operating Support: Provides comprehensive treasury management, including lending, staking, derivatives, and liquidity services, with a fiduciary commitment to compliance and risk management[1][4].

Role in the Broader Tech Landscape

Wave operates at the intersection of traditional finance and the rapidly evolving digital asset market, riding the trend of institutional adoption of cryptocurrencies and blockchain technology. The timing is critical as regulatory clarity improves and demand for sophisticated, risk-managed crypto investment products grows. Wave influences the ecosystem by providing professional-grade investment solutions and strategic advisory, helping to mature the digital asset space and foster broader adoption among institutional and private investors[2][3][4].

Quick Take & Future Outlook

Looking ahead, Wave is poised to expand its influence by continuing to innovate in digital asset investment products and deepen its institutional footprint. Trends such as decentralized finance (DeFi), tokenization, and regulatory evolution will shape its journey. Wave’s ability to blend traditional asset management rigor with crypto-native strategies positions it to capitalize on the growing demand for sophisticated digital asset exposure, potentially becoming a leading bridge between legacy finance and the blockchain economy[2][4][5]. This trajectory aligns with its mission to advance risk-managed investment strategies while promoting global adoption of disruptive technologies.

Sources

Core Differentiators

Unique Investment Model: Combines venture capital, fund management, and wealth management tailored to digital assets, focusing on yield and alpha generation through actively managed funds and bespoke portfolios[1][2][4].
Network Strength: Strong institutional relationships and partnerships across blockchain protocols and service providers worldwide, enhancing deal flow and strategic insights[2][4].
Track Record: Over $1 billion in assets under management with a history of innovative, research-driven products such as derivative-based yield strategies and tokenized assets[1][3][4].
Operating Support: Provides comprehensive treasury management, including lending, staking, derivatives, and liquidity services, with a fiduciary commitment to compliance and risk management[1][4].