- Total Equity Funding
- $55.72M in 8 Rounds from 10 Investors
- Most Recent Funding
- $10.94 Million on October 25, 2016 / Undisclosed Round
- Toronto, Ontario
- Wave (waveapps.com) offers a cloud-based integrated suite of small business tools including accounting, invoices, payments & payroll.
- Kirk Simpson, James Lochrie
- Cloud Computing, Human Resources, Small and Medium Businesses, Accounting, Apps, Mobile, Payments
Wave makes running a small business better by providing free accounting, invoicing, receipt scanning and personal finance, plus affordable credit card processing (payments) and payroll.
To date, Wave has signed up nearly 2 million small businesses, freelancers, consultants and contractors in more than 200 countries around the world.
Wave is headquartered in Toronto, Canada.
Funding Rounds (8) - $55.72MUpdate
|Date||Amount / Round||Valuation||Lead Investor||Investors|
|Oct, 2016||$14.6M / Undisclosed||—||BDC IT Venture Fund||4|
|Mar, 2016||$6.7M / Series C||—||BDC Capital Corporation||2|
|Dec, 2015||$5.15M / Venture||—||—||0|
|May, 2015||$10M / Series C||—||CRV||5|
|Oct, 2013||$6M / Venture||—||—||3|
|May, 2012||$12M / Series B||—||Social Capital||6|
|Oct, 2011||$5M / Series A||—||CRV||2|
|May, 2011||$1.5M / Seed||—||OMERS Ventures||1|
Current Team (10)Update
Board Members and Advisors (3)Update
|Oct 25, 2016||BetaKit - Wave raises $14.6 million with goal to grow team to 150 and continue mobile development|
|Oct 25, 2016||Tech Vibes - Wave Raises $14 Million to Help Small Businesses Manage Their Money|
|Oct 25, 2016||PE HUB - BDC Capital leads additional $14.6 mln investment in Wave|
|Oct 25, 2016||news.cvca.ca - Wave raises $14.6 million from BDC’s IT Venture Fund, HarbourVest, CRV and Social Capital and nearly grips $20 million in annualized revenue|
|Apr 8, 2016||Sarasota Herlad - FINTECH The financial world's coming technology revolution|
|Mar 29, 2016||cantechletter.com - Toronto accounting software company Wave raises $6.7 million from BDC IT Venture Fund|
|Mar 29, 2016||Canadian News Wire - BDC Capital makes $6.7M investment in Toronto's Wave|
|Mar 29, 2016||Tech Vibes - BDC Capital Invests $6.7 Million in Wave|
FreshBooks, cloud-based accounting software, allows owners to invoice clients, track time and run their small businesses in the cloud.
Gusto is a comprehensive HR, payroll, and benefits service enabling businesses to set up and run payroll from any web-enabled device.
Square is a merchant services aggregator and mobile payment company that aims to simplify commerce through technology.
Zenefits offers HR management and automation solutions using their online dashboard.
235 Carlaw Ave
Toronto, Ontario M4M 2S1