Wave Capital

Investor type

VC

Founded

2017

AUM

-

Location

San Francisco, California, United States

Investment Ticket

$1-5 m

Investment Stage

Pre-seed Seed Series A

Region of investment

North America
Investor profile last updated: 18 August, 2026

Profile

Wave Capital is a venture capital firm based in San Francisco, founded in 2017 by Riley Newman and Sara Tillim. The firm operates with a unique model, having just two partners and no additional staff, allowing them to focus intensely on each investment. Both partners bring extensive experience from leading tech companies like Airbnb, Dropbox, and Facebook, which they leverage to support their portfolio companies.

Wave Capital specializes in investing in marketplace startups, with a highly selective approach, making no more than four investments per year. They focus on early-stage investments, particularly in the Pre-Seed, Seed, and Series A stages, with typical check sizes ranging from $25K to $1M. The firm primarily invests in the USA and emphasizes sectors such as marketplaces, consumer services, SaaS, and e-commerce.

Notable investments by Wave Capital include Recess - information services, Ohana - real estate services, Synternet - business software, Camus Energy - energy solutions, and Float Health - healthcare services. These investments reflect their focus on innovative marketplace solutions and their commitment to working closely with founders to drive success.

Industry

E-commerce/Marketplace Consumer Services (B2C) Business Services (B2B) SaaS

Contacts

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Investment-team contacts for Wave Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Wave Capital

Wave Capital is a venture capital firm. It backs companies at Pre-seed, Seed and Series A, writing tickets of $1-5 m.
Wave Capital is located in San Francisco, California, United States.
Wave Capital was founded in 2017.
Wave Capital invests in companies and startups in E-commerce/Marketplace, Consumer Services (B2C), Business Services (B2B), SaaS.
Wave Capital invests in companies and startups in North America.
Wave Capital invests in companies and startups at Pre-seed, Seed, Series A.
Wave Capital usually invests $1-5 m on average.
Wave Capital can be reached through its website wave.capital, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Wave Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Wave Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 18 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.