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Wave Ventures closed its third fund at €10 million, up from €2 million, a decade after founding as a student-led initiative in Helsinki. The fund is managed by investors aged 25 and under. Wave also launched the €240,000 Wave Rebellion Grant, offering grants and partner credits to early-stage Nordic founders.
Wave Ventures closes €10M fund, five times larger than its €2M predecessor. The fund backs 10 to 20 early-stage teams annually across Nordics and Baltics. All investment team members are 25 or under. Wave has invested in 50+ companies, including Inven and Tzafon, and backed three of five Nordic Y Combinator acceptees in 2024.
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