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💦 Wave Ventures triples fund to €7M to back Gen Z founders across Europe

Europe’s largest Gen Z-led VC, Wave Ventures, has raised a €7M third fund tripling its previous fund size as it scales its mission to back pre-seed startups founded by the next generation.

✅ What’s inside the fund
• €7M Fund III, up 3x from Fund II
• Backers include founders of Slack, Supercell, Skype, Wolt, Bolt, and Smartly .io
• First-check investments up to €100K
• Targeting 3–10 startups per country, per year
• Focused on the Nordics and Baltics

⚡️ Why it matters
• Wave is entirely student-run, with rotating teams from top Nordic universities
• Gen Z-led firms are still rare but increasingly visible in deep tech and consumer
• LPs include successful operators with deep local and global ties

📉 The next-gen thesis
• Wave sees Gen Z founders as underserved by traditional VC
• Its model gives the firm early access to university-born companies
• Proving institutional discipline and long-term impact will be the next test

Wave isn’t just betting on Gen Z startups, it’s a Gen Z startup itself.

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6.5K viewsMay 19 at 08:06

💦 Wave Ventures triples fund to €7M to back Gen Z founders across Europe

Europe’s largest Gen Z-led VC, Wave Ventures, has raised a €7M third fund tripling its previous fund size as it scales its mission to back pre-seed startups founded by the next generation.

✅ What’s inside the fund
• €7M Fund III, up 3x from Fund II
• Backers include founders of Slack, Supercell, Skype, Wolt, Bolt, and Smartly .io
• First-check investments up to €100K
• Targeting 3–10 startups per country, per year
• Focused on the Nordics and Baltics

⚡️ Why it matters
• Wave is entirely student-run, with rotating teams from top Nordic universities
• Gen Z-led firms are still rare but increasingly visible in deep tech and consumer
• LPs include successful operators with deep local and global ties

📉 The next-gen thesis
• Wave sees Gen Z founders as underserved by traditional VC
• Its model gives the firm early access to university-born companies
• Proving institutional discipline and long-term impact will be the next test

Wave isn’t just betting on Gen Z startups, it’s a Gen Z startup itself.

✔️Powered by V3V Ventures