WAVE

Sector

Private Equity

Geography

Boston, MA, USA

Deal Date

July 2021

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About the Manager

Boston-based WAVE Equity Partners (“WAVE”) provides early growth equity to market-validated companies in essential sectors including clean air, energy, food, water, and waste recycling. WAVE invest at revenue stage in businesses with "hard-tech" innovations in energy and industrial markets. A company's product and market development risks have already been substantially retired at this stage.

Given the critical nature of these above essential industries in supporting a healthy planet, the ESG impact of WAVE’s investment approach is never an afterthought but a core value inherent to the process. Since founding in 2013, WAVE have invested $220m across funds I and II into a total of 11 portfolio companies operating in these sectors. The senior team’s history in industrial growth impact investing prior to founding WAVE amounts to over 100 years' experience.

Investment Approach:

WAVE

  • Investing in business models that are acceptable, affordable and financeable today but at inflection points

  • Investments create new sectors of employment, improving energy-water-food infrastructure, and reducing waste – all without public subsidies

  • Since they provide innovative alternatives that alter the fundamental economics of businesses, their influences are broad and long lasting - as such investments are compelling opportunities to hedge against inflation through long-term profitability

  • Maintaining a small and selective portfolio of high conviction companies, ensuring that each company receives the full attention of the WAVE team as they help scale the businesses’ proven technologies