Wave Ventures has closed its third fund at €10 million, a fivefold increase from its previous vehicle, as it looks to expand its early-stage backing of founders across the Nordics and Baltics. Run by a team of investors aged 25 and under, the venture firm plans to invest up to €300,000 per startup in 10–20 angel and pre-seed companies annually, building on a portfolio of more than 50 startups. Alongside the new fund, Wave launched the €240,000 Wave Rebellion Grant Program, which will provide non-dilutive grants and partner credits to ten early-stage founders, aiming to support entrepreneurs before they reach traditional accelerator or venture capital pipelines. Founded in 2016, Wave Ventures is one of the Nordics’ most active...
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