What is Wave?
Wave is pioneering the future of live entertainment with its innovative virtual platform. The company leverages proprietary live broadcast technology to enable artists to perform for global audiences, fostering deeper, more immersive connections between performers and fans. Wave's platform is accessible across major digital channels like YouTube, Twitch, and Facebook, offering fans the option to attend events as avatars through VR and PC desktop applications. This strategic approach positions Wave at the forefront of the evolving digital entertainment landscape, blending live performance with interactive virtual experiences.
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, Seedcamp, Presence Capital, RRE Ventures, 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 Scooter Braun, Maveron LLC, Alex Rodriguez, and Griffin Gaming Partners
Key Investors in Wave
The VR Fund
The VR Fund is a global investment firm focused on immersive, spatial, and intelligent computing, investing in visionary founders and innovative solutions across infrastructure, development platforms, content, and applications to build the future of intelligent, interactive experiences.
Maveron LLC
Maveron is a consumer-focused venture capital firm that partners with entrepreneurs to transform consumer experiences, investing in early-stage brands that prioritize human behavior and technological disruption.
RRE Ventures
RRE Ventures is a venture capital firm dedicated to supporting founders at critical stages of their business journey, investing in a diverse portfolio of startups and focusing on long-term partnerships with entrepreneurs.
What's next for Wave?
With its recent major enterprise-level funding, Wave is poised for significant expansion and technological advancement. The company's focus on creating immersive virtual concert experiences suggests a strategic push into the burgeoning metaverse and related digital interaction spaces. Future developments will likely involve enhancing the platform's interactivity, expanding artist partnerships, and further integrating advanced VR/AR technologies to deepen fan engagement. This investment will fuel Wave's mission to redefine live entertainment for a digitally native audience, solidifying its role as a leader in virtual performance technology.
See full Wave company page
