# Wave Ventures

Wave Ventures is a Venture Capital based in Helsinki, Finland.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Helsinki, Finland
- **Region:** Europe
- **Address:** Helsinki, Finland
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** wave.ventures
- **LinkedIn:** https://www.linkedin.com/company/wave-ventures

## Regulatory record

- **CRD number:** 333165
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/333165

## About

Wave Ventures is Europe's largest next generation VC backing the most exceptional founders in the Nordics at the earliest stage. It is a next-generation team backed by founders, operators, and experts from category-defining companies. Area focus is Nordics & Baltics, with stage focus on the earliest stage as a first investment.

## Sectors

- Enterprise Software
- AI/ML
- Mobility & Transportation
- Digital Health

## People

- Emmi Nuorgam — General Partner
- Lassi Isonikkilä — General Partner

## Questions

### Who runs investment decisions at Wave Ventures?

General Partners Emmi Nuorgam and Lassi Isonikkilä lead investment decisions. Both founded the firm while still students at Aalto University in 2016 and remain its primary deal architects. No external investment committee has been disclosed.

### How does Wave Ventures source proprietary deal flow?

The firm sources predominantly through university networks, with a pipeline anchored in the Aalto University ecosystem and extended through Nordic technical universities in Stockholm, Tallinn, and Copenhagen. Its general partners' status as student-founders themselves — and participation in events like Slush — gives them access to graduating technical founders before traditional venture funds begin diligence.

### What investment stages does Wave Ventures target?

The firm writes first checks at pre-seed and seed stages. It does not publicly state participation in later-stage rounds. Its initial Fund I operated with a micro-fund vehicle size, focusing on earliest-stage technical founding teams.

### Which geographies does Wave Ventures cover?

The firm concentrates on the Nordic and Baltic regions, with disclosed activity in Finland, Sweden, Estonia, and Denmark. It has not communicated a mandate expansion beyond Northern Europe.

### Does Wave Ventures maintain a fund-of-funds program or only direct investments?

All publicly available information describes Wave Ventures as a direct-investment firm making equity investments into operating companies. There is no disclosure of fund-of-funds commitments or secondary market activity.

### What is the current fund status and vehicle size?

Wave Ventures raised approximately €500,000 for its debut fund in 2016. A second institutional vehicle entered deployment in late 2024. The firm has not publicly disclosed the final close size of Fund II (per Sifted, 2024).

## Related profiles

- [Waveslab Ventures](https://altss.com/profile/waveslab-ventures)
- [Waybury Capital](https://altss.com/profile/waybury-capital)

---

Last updated: 2026-08-11T15:08:32.892Z

Canonical page: https://altss.com/profile/wave-ventures

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology