Observed Signal · May 15, 2025 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Neutral
Wave Ventures triples fund size to €7M
Wave Ventures, Europe's largest Gen Z-run venture capital firm, announced its third fund at €7 million, tripling the size of its previous fund. The fund is backed by founders of Slack, Bolt, Skype, Supercell, Wolt, Silo AI, and Smartly.io, as well as European early-stage VCs and family offices. Founded in 2016, Wave Ventures has made over 50 initial investments and invested in nearly 80% of VC-backed Finnish startups led by CEOs under 30. With Fund III, the firm plans to scale its approach across the Nordics and Baltics, targeting first-ticket angel and pre-seed rounds up to €100,000.
The announcement of a small VC fund (€7M) is indirectly relevant to the AdTech industry through its investor network (e.g., Smartly.io) but is not a major industry-shifting event.
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Key Takeaways & Evidence Grounding
- Wave Ventures announced its third fund at €7 million, tripling the size of its previous fund.
- The fund is backed by founders of Slack, Bolt, Skype, Supercell, Wolt, Silo AI, and Smartly.io, among others.
- Wave Ventures has made over 50 initial investments across its first two funds.
- The firm has invested in nearly 80% of VC-backed Finnish startups led by CEOs under 30.
- Fund III will focus on angel and pre-seed rounds up to €100,000 in the Nordics and Baltics.
Connected Companies & Entities
6 Entities mapped“The fund is backed by a diverse network of investors, including founders of Slack, Bolt, Skype, Supercell, Wolt, Silo AI, and Smartly.io....”
“The fund is backed by a diverse network of investors, including founders of Slack, Bolt, Skype, Supercell, Wolt, Silo AI, and Smartly.io....”
“The fund is backed by a diverse network of investors, including founders of Slack, Bolt, Skype, Supercell, Wolt, Silo AI, and Smartly.io....”
“The fund is backed by a diverse network of investors, including founders of Slack, Bolt, Skype, Supercell, Wolt, Silo AI, and Smartly.io....”
“The fund is backed by a diverse network of investors, including founders of Slack, Bolt, Skype, Supercell, Wolt, Silo AI, and Smartly.io....”
“The fund is backed by a diverse network of investors, including founders of Slack, Bolt, Skype, Supercell, Wolt, Silo AI, and Smartly.io....”
Ontology Mapping & Concepts
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