Flexible capital for companies built to scale
Founder-aligned capital for ambitious European technology companies, deployed deal by deal without fixed timelines or unnecessary bureaucracy.
Waves Capital Partners backs European deeptech and hardware founders, from quantum and photonics to edge AI and advanced sensing, with founder-aligned capital deployed deal by deal.
Patient capital, scalable support
Deeptech companies are complex and rarely follow a predictable path. We invest without fixed timelines, giving founders room to reach meaningful milestones instead of chasing an artificial exit window.
Aligned and founder-first
We invest our own capital and trust founders to lead. No micromanagement, just alignment and conviction-driven support from a team that understands how companies are built
Backing innovation with
speed and flexibility
We move at startup speed to fund breakthrough technologies that strengthen Europe’s economy, offering flexible, scalable capital without bureaucracy.
A flexible fund approach
We invest deal by deal, with a clear structure and the flexibility to scale our commitment as companies grow.
Deal-by-deal participation
We typically lead with our own capital, then open the opportunity to a curated network of trusted investors who join deal by deal.
Scalable capital deployment
Thanks to our setup and network, we can scale our commitment as the company grows.
Clear & simple structure
No layers of complexity. Each deal is structured cleanly, with clear terms and aligned incentives.
Co-investor preference
Our preference is for a co-investor role, with the flexibility to lead or co-lead when strategically appropriate.
Backing Europe's deeptech and hardware frontier
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Backing Europe's deeptech and hardware frontier
Quantum Motion
Building scalable quantum computers on silicon using standard chip manufacturing.
Backing Europe's deeptech and hardware frontier
Orange Quantum Systems
Test and diagnostics systems that help quantum chip developers scale.
Backing Europe's deeptech and hardware frontier
Daisy Genomics
Genomic sequencing technology that reads DNA and epigenetic data others miss.
Backing Europe's deeptech and hardware frontier
Insify
Online insurance for freelancers and entrepreneurs, arranged in minutes.
Backing Europe's deeptech and hardware frontier
Delft Circuits
Superconducting I/O cabling that helps quantum computers scale up.
Backing Europe's deeptech and hardware frontier
Innatera
Brain-inspired, ultra-low-power processors that let sensors recognise patterns instantly.
Backing Europe's deeptech and hardware frontier
Keiron
Laser-guided solder paste printing for precise, fully digital PCB production.
Backing Europe's deeptech and hardware frontier
Qphox
Quantum transducers that link quantum computers over optical networks.
Backing Europe's deeptech and hardware frontier
Xavveo
Photonic radar giving vehicles and robots precise perception anywhere.
Backing Europe's deeptech and hardware frontier
Axelera
AI accelerator chips bringing datacenter-level inference to edge devices.
Backing Europe's deeptech and hardware frontier
CloudNC
AI that programs CNC machining toolpaths, turning hours into minutes.