What is Wave?
Wave is pioneering the future of live entertainment as the creator of the world's first multi-channel virtual entertainment platform. Leveraging proprietary live broadcast technology, Wave empowers artists to perform for global audiences while offering fans immersive and novel connections to their favorite performers. The platform is accessible across major digital and gaming channels, including YouTube, Twitch, and Facebook. For users seeking a more deeply engaging experience, Wave provides VR and PC desktop applications, compatible with leading VR devices like HTC Vive, Oculus Rift, and Windows Mixed Reality, available for download at http://wavexr.com/download. The company is at the forefront of creating interactive virtual concert 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 Seedcamp, Presence Capital, RRE Ventures, KPCB Edge, Rothenberg Ventures, and The VR Fund
Angel/Seed (2017): $4M led by RRE Ventures, The VR Fund, Upfront Ventures, and KPCB Edge
Series A (2018): $6M, investors not publicly disclosed
Series B (2020): $30M featuring Griffin Gaming Partners, Alex Rodriguez, Maveron LLC, and Scooter Braun
Key Investors in Wave
Maveron LLC
Maveron is a consumer-focused venture capital firm that backs innovative entrepreneurs transforming consumer experiences. They specialize in early-stage consumer brands driven by human behavior and technological disruption, emphasizing inclusive and sustainable growth.
RRE Ventures
RRE Ventures is a venture capital firm committed to supporting founders through critical business stages. They focus on long-term partnerships with exceptional teams and innovative ideas across a diverse portfolio of startups.
The VR Fund
Venture Reality Fund is a global investment firm concentrating on immersive, spatial, and intelligent computing for both consumer and enterprise sectors. They invest in visionary founders building the future of intelligent, interactive experiences.
What's next for Wave?
With its recent enterprise-level backing, Wave is poised for significant expansion and innovation in the virtual entertainment sector. The substantial capital infusion is expected to fuel the development of its proprietary technology, enhance its platform capabilities, and broaden its reach to a global audience. Future initiatives will likely focus on forging new artist partnerships, expanding into emerging markets, and further refining the immersive fan experience through advancements in VR and AR technologies. This strategic financing will enable Wave to solidify its leadership position and capitalize on the growing demand for digital-first entertainment.
See full Wave company page
