
Third Wave Digital
Description
Third Wave Digital is an early-stage venture capital firm strategically located in Beverly Hills, California, with a dedicated focus on the evolving digital media sector. The firm positions itself at the forefront of innovation, investing in companies that are actively shaping the next generation of digital content, platforms, and immersive experiences. Their investment philosophy is centered on identifying and supporting disruptive technologies and visionary teams that are addressing large, addressable markets within this dynamic industry.
Third Wave Digital's investment thesis extends across various facets of digital media, including creator economy platforms, online education, social media innovations, and new content formats. They seek out founders with strong leadership capabilities and a clear vision for transforming how people consume and interact with digital content. Beyond capital, the firm aims to provide strategic guidance and leverage their network to help portfolio companies scale and achieve their growth objectives.
The firm typically engages with companies at their nascent stages, specifically targeting Pre-Seed, Seed, and Series A rounds. While specific investment figures are not publicly disclosed for every deal, their participation in numerous competitive early-stage financings suggests a typical initial investment range. Based on their stage focus and portfolio, Third Wave Digital's first checks generally range from approximately $250,000 for very early-stage or pre-seed rounds, up to $3,000,000 for significant seed or Series A participations.
Their portfolio boasts over 30 companies, including notable names like Patreon, Substack, and MasterClass, underscoring their commitment to backing influential platforms that have redefined digital consumption and creator empowerment. Third Wave Digital continues to be an active player in the digital media landscape, seeking out the next wave of innovation.
Investor Profile
Third Wave Digital has backed more than 66 startups, with 0 new investments in the last 12 months alone. The firm has led 7 rounds, about 11% of its total and boasts 19 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Digital Media, Video, Media and Entertainment.
- Typical check size: $250K – $3M.
Stage Focus
- Seed (52%)
- Series A (12%)
- Series B (11%)
- Series Unknown (9%)
- Convertible Note (6%)
- Angel (3%)
- Debt Financing (3%)
- Series C (3%)
- Pre Seed (2%)
Country Focus
- United States (97%)
- Canada (3%)
Industry Focus
- Digital Media
- Video
- Media And Entertainment
- Music
- Advertising
- Apps
- Internet
- Software
- Marketing
- Mobile
Frequently Asked Questions
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