What is Wave?
Wave operates as a transformative force in the entertainment technology sector, serving as the architect of the world's first multi-channel virtual entertainment platform. The company provides a sophisticated ecosystem where artists can perform live for global audiences, utilizing proprietary broadcast technology to deliver immersive, avatar-based concert experiences. By integrating with major digital channels such as YouTube, Twitch, and Facebook, alongside dedicated VR applications on platforms like Steam, Wave offers a versatile, cross-platform solution for modern fan engagement.
The company's market position is defined by its ability to facilitate high-scale, interactive events that maintain the intimacy of a live show while leveraging the scalability of digital gaming environments. As the industry shifts toward metaverse-adjacent entertainment, Wave remains at the forefront, providing the necessary infrastructure for artists to monetize their digital presence and for fans to participate in shared, virtual spaces.
How much funding has Wave raised?
Wave has raised a total of $42.5M across 4 funding rounds:
Angel/Seed
$2.5M
Angel/Seed
$4M
Series A
$6M
Series B
$30M
Angel/Seed (2016): $2.5M with participation from KPCB Edge, Rothenberg Ventures, Presence Capital, RRE Ventures, Seedcamp, and The VR Fund
Angel/Seed (2017): $4M led by The VR Fund, Upfront Ventures, KPCB Edge, and RRE Ventures
Series A (2018): $6M, investors not publicly disclosed
Series B (2020): $30M featuring Alex Rodriguez, Griffin Gaming Partners, Scooter Braun, and Maveron LLC
Key Investors in Wave
The VR Fund
A global investment firm specializing in the intersection of immersive, spatial, and intelligent computing, supporting pioneers in building the future of interactive experiences.
Maveron LLC
A consumer-focused venture capital firm that partners with innovative entrepreneurs to transform consumer experiences and industries through technological disruption.
Griffin Gaming Partners
A specialized venture capital firm focused on the gaming industry, providing strategic capital to companies that are shaping the future of interactive entertainment and digital media.
What's next for Wave?
With the support of its latest funding, Wave is positioned to accelerate its product roadmap and expand its footprint within the global digital entertainment landscape. The strategic focus will likely center on enhancing its proprietary live broadcast technology to support even larger, more complex virtual events while deepening its integration with emerging spatial computing hardware. As the company transitions into its next phase of growth, it is expected to prioritize partnerships with major talent agencies and gaming platforms to broaden its content library and user base.
Furthermore, the firm is well-positioned to capitalize on the increasing institutional interest in virtual experiences, leveraging its established reputation to attract further enterprise-level collaborations. By continuing to refine its avatar-based interaction models and cross-platform accessibility, Wave is set to remain a critical player in the evolution of the digital concert economy, potentially setting new standards for how live entertainment is produced and consumed in a post-pandemic, tech-forward world.
