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Third Wave Digital

North America, California, United States, Beverly Hills

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
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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 Third Wave Digital frequently co-invest with?

QueensBridge Venture Partners
North America, California, United States, Los Angeles
Co-Investments: 4
Advancit Capital
North America, Massachusetts, United States, Norwood
Co-Investments: 3
Wavemaker Partners
Asia, Central Region, Singapore, Singapore
Co-Investments: 5
Chicago Ventures
North America, Illinois, United States, Chicago
Co-Investments: 4
Upfront Ventures
North America, California, United States, Santa Monica
Co-Investments: 4
Anthem Venture Partners
North America, California, United States, Santa Monica
Co-Investments: 4
Structure Fund
North America, California, United States, Los Angeles
Co-Investments: 4
Demarest Media
North America, California, United States, Los Angeles
Co-Investments: 4
Manatt Venture Fund
North America, California, United States, Los Angeles
Co-Investments: 4
Lerer Hippeau
North America, New York, United States, New York
Co-Investments: 3

Which angels does Third Wave Digital often collaborate with?

BZ
North America, California, United States, Los Angeles
Shared Deals: 2
AD
North America, California, United States, West Hollywood
Shared Deals: 17
JG
North America, California, United States, San Francisco
Shared Deals: 1
JW
North America, New York, United States, New York
Shared Deals: 2
CL
North America, Tennessee, United States, Nashville
Shared Deals: 2
TM
North America, California, United States, Santa Monica
Shared Deals: 1
Daniel Broukhim
North America, California, United States, Los Angeles
Shared Deals: 1
CM
North America, California, United States, Beverly Hills
Shared Deals: 2
MB
North America, California, United States, Los Angeles
Shared Deals: 1
AS
North America, New York, United States, New York
Shared Deals: 2

What are some of recent deals done by Third Wave Digital?

Skybound Entertainment

Culver City, California, United States

Skybound is the home of Robert Kirkman’s creator-owned work including his Eisner Award-winning comic book series,

BooksDigital EntertainmentMedia and EntertainmentTV
Series UnknownJan 29, 2020
Drone Racing League

New York, New York, United States

Drone Racing League organizes global drone races featuring top pilots, streamed on various platforms.

DronesRacingRoboticsSportsVirtual Reality
Series CJun 28, 2019
Amount Raised: $26,402,278
Girlboss

Los Angeles, California, United States

Girlboss is a digital and physical community for ambitious women.

CommunitiesSocial Media
SeedDec 13, 2017
Amount Raised: $3,100,000
Salted

Los Angeles, California, United States

Salted is a platform for developing and scaling better-for-you, QSR brands.

CookingFood and BeverageGrocerySoftware
AngelApr 14, 2017
Amount Raised: $1,200,000
pocket.watch

Culver City, California, United States

Pocket.watch is a new studio creating global franchises from the YouTube stars and characters loved by Generation Alpha.

Digital EntertainmentDigital MediaInternetMedia and EntertainmentVideo StreamingWeb Design
Series AMar 22, 2017
Amount Raised: $6,000,000
Gunslinger Studios

Pasadena, California, United States

Gunslinger Studios creates mobile experiences for gamers.

eSportsMobile AppsPC GamesVideo Games
SeedDec 12, 2016
Amount Raised: $1,800,000
ObEN

Pasadena, California, United States

ObEN is an AI company that is building a decentralized AI platform for intelligent avatars.

3D TechnologyArtificial Intelligence (AI)Augmented RealityBig DataBlockchainInternet of ThingsMachine LearningSpeech RecognitionVirtual Reality
Series ANov 3, 2016
Amount Raised: $7,700,000
Pluto TV

Los Angeles, California, United States

Pluto TV is the leading free streaming television service in America.

AppsInternetMedia and EntertainmentVideoVideo Streaming
Series BOct 12, 2016
Amount Raised: $30,000,000
ALL DAY

Los Angeles, California, United States

ALL DAY is building an editorial media brand and publishing technology for mobile-first Millennial audiences.

AdvertisingDigital MediaMarketingSocial Media
SeedAug 2, 2016
Amount Raised: $2,301,600
Wonder

Los Angeles, California, United States

Wonder is a gaming company that develops an all-in-one gaming platform for Android mobile devices.

Digital EntertainmentGamingMobileSoftware
SeedJul 1, 2016