AW

Alpha Wave Incubation

North America, New York, United States, New York

Description

Alpha Wave Incubation (AWI) is a prominent early-stage venture capital fund, established as a key component of Alpha Wave Global's broader investment strategy. Launched in partnership with ADQ, an Abu Dhabi-based sovereign investor, AWI manages a substantial $300 million fund dedicated to fostering innovation in the global startup ecosystem. This strategic collaboration positions AWI uniquely, blending the venture expertise of Alpha Wave Global (formerly Falcon Edge Capital) with ADQ's deep regional market access and extensive network, aiming to create a robust bridge between promising startups and the rapidly growing markets of the Middle East and North Africa (MENA).

The fund's core mandate is to identify and back disruptive technology companies at their nascent stages, typically from Seed to Series A rounds. AWI exhibits a strong preference for startups with global ambitions, particularly those that can leverage Abu Dhabi as a strategic base for expansion into the MENA region. Their investment focus spans a diverse range of sectors, including but not limited to B2B SaaS, fintech, healthtech, edtech, logistics, and consumer internet. This sector-agnostic yet strategically targeted approach allows AWI to capture high-growth opportunities across various innovative domains, supporting companies that are poised for significant international scaling.

Beyond capital infusion, Alpha Wave Incubation provides substantial strategic value to its portfolio companies. This includes facilitating market entry into the MENA region, offering operational guidance, and connecting startups with ADQ's vast ecosystem of businesses and government entities. The typical first check size from AWI ranges from approximately $500,000 to $5 million, reflecting its commitment to early-stage support and its capacity to provide meaningful initial capital. This hands-on approach, combined with a significant fund size and a clear geographic expansion strategy, makes Alpha Wave Incubation a compelling partner for startups looking to accelerate their growth and achieve global reach.

Investor Profile

Alpha Wave Incubation has backed more than 24 startups, with 2 new investments in the last 12 months alone. The firm has led 15 rounds, about 63% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in India, United States, Singapore.
  • Strong thematic focus on Software, SaaS, Financial Services.
  • Typical check size: $500K – $5M.

Stage Focus

  • Series A (46%)
  • Seed (17%)
  • Series B (8%)
  • Series D (8%)
  • Series C (8%)
  • Series Unknown (4%)
  • Series E (4%)
  • Convertible Note (4%)

Country Focus

  • India (79%)
  • United States (13%)
  • Singapore (4%)
  • Indonesia (4%)

Industry Focus

  • Software
  • Saas
  • Financial Services
  • Education
  • B2b
  • Health Care
  • Information Technology
  • Fintech
  • E-learning
  • Edtech
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Alpha Wave Incubation frequently co-invest with?

Sparrow Capital
Asia, Karnataka, India, Bengaluru
Co-Investments: 2
Nexus Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 2
Blume Ventures
Asia, Maharashtra, India, Mumbai
Co-Investments: 4
Z47
Asia, Maharashtra, India, Mumbai
Co-Investments: 4
Stride Ventures
Asia, Delhi, India, New Delhi
Co-Investments: 2
Steadview Capital
Europe, England, United Kingdom, London
Co-Investments: 2
Peak XV Partners
Asia, Karnataka, India, Bengaluru
Co-Investments: 6
Accel
North America, California, United States, Palo Alto
Co-Investments: 3
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 3
Good Capital
North America, New York, United States, Tarrytown
Co-Investments: 2

Which angels does Alpha Wave Incubation often collaborate with?

Revant Bhate
Asia, Maharashtra, India, Mumbai
Shared Deals: 2
Deepinder Goyal
Asia, Delhi, India, New Delhi
Shared Deals: 2
AB
North America, District of Columbia, United States, Washington
Shared Deals: 1
MG
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
Roman Saini
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
Behram Vakil
Asia, Maharashtra, India, Mumbai
Shared Deals: 1
Kunal Shah
Asia, Karnataka, India, Bengaluru
Shared Deals: 4
Gaurav Munjal
Asia, India
Shared Deals: 1
Gunjan Patidar
Asia, Delhi, India, New Delhi
Shared Deals: 1
Vineet Gautam
Asia, Maharashtra, India, Mumbai
Shared Deals: 1

What are some of recent deals done by Alpha Wave Incubation?

Dezy

Bangalore, Karnataka, India

Smiles.ai leverages technology and healthcare professionals to provide high-quality and cost-effective dental care products and services.

Artificial Intelligence (AI)DentalHealth Care
Convertible NoteOct 8, 2024
Amount Raised: $5,957,640
Momos

San Diego, California, United States

Momos is a software-as-a-service (SaaS) platform.

Food and BeverageSaaSSoftware
Series ASep 19, 2024
Amount Raised: $10,000,000
Wealthy

Bangalore, Karnataka, India

Wealthy is a financial services platform that uses technology to develop financial advice and transaction capabilities.

Financial ServicesFinTechMobile AppsWealth Management
Series UnknownMay 30, 2024
Amount Raised: $5,400,790
Ultrahuman

Bangalore, Karnataka, India

Ultrahuman is a wearable tech start up that offers products that tracks metabolic health.

BiotechnologyClinical TrialsFitnessHealth CareWellness
Series BMar 20, 2024
Amount Raised: $25,000,000
Virgio

Bengaluru, Karnataka, India

Virgio is a global D2C fast fashion brand which offers Trendy, Elegant and Affordable styles to it's fashion forward users.

E-CommerceFashionProduct DesignShoes
Series ADec 6, 2022
Amount Raised: $9,896,512
Groyyo

Haryana, Haryana, India

Groyyo is a B2B manufacturing and automation start-up.

B2BManufacturing
Series AJun 14, 2022
Amount Raised: $28,000,000
100ms

Fremont, California, United States

100ms is a live-video infrastructure startup that allows developers to build and deploy enterprise-class video applications in hours.

AudioConsultingInformation TechnologyInfrastructureSaaSSoftwareVideoVideo ConferencingVideo Streaming
Series AMar 10, 2022
Amount Raised: $20,000,000
Wealthy

Bangalore, Karnataka, India

Wealthy is a financial services platform that uses technology to develop financial advice and transaction capabilities.

Financial ServicesFinTechMobile AppsWealth Management
Series AFeb 8, 2022
Amount Raised: $7,497,090
CoLearn

Senayan, Sumatera Utara, Indonesia

CoLearn is an EdTech platform that empowers tuition centers and tutors to create online learning experiences for their students.

EdTechEducationInformation Technology
Series AJan 26, 2022
Amount Raised: $17,000,000
Smiles.ai

Bangalore, Karnataka, India

Smiles.ai leverages technology and healthcare professionals to provide high-quality and cost-effective dental care products and services.

Artificial Intelligence (AI)DentalHealth Care
Series AJan 23, 2022
Amount Raised: $22,978,362