Wave successfully raised £500,000

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247%

Raised: £1,239,760

Investors: 557

Target: £500,000

Equity: 4.98%

Pre-money valuation: £23,635,587

Wave is an app that allows its 11 million users to locate their contacts in real time on a private map. The company has surpassed its KPI targets over the last 18 months and it’s continuing to dominate the live location market. After a successful raise in 2016, Wave is now opening a new chance to invest alongside experienced local angels and 2 international VC's.

More than 11 million users in over 150 countries
Backed by over 550 investors, experienced Angels and VCs
From being a pre-revenue company to start monetising
Retention rate of more than 80% in month 6 for active users

This is a Spanish incorporated company. Non-Spanish investors investing £50,000+ directly (not via nominee) will need a Foreigners' Identity Number.

Idea

Crowdcube 2018 raise

Last raise VS actual

Our main KPI's

MAU's and DAU's

Dailty ratios

Daily use

User retention (Source: Amplitude)

Growth

Sessions

Competition

Zenly acquisition

Wave is an app that enables anyone to share their live location with their friends and family on a private map. There are dozens of daily situations in which Wave is a helpful and effective tool. Families, security, festivals, ski trips, tourism, sports, or simply when 2 or more people want to meet.

With a top-notch technology and a complete set of features, Wave makes the process of locating each other easy, fast, safe and fun.

Wave is aiming to take over a still orphan market, with few other solutions. Recently Zenly, with 1/4 of the metrics of Wave, was sold for $250 to $350m. Wave is aiming for so much more.

Wave raised a round with Crowdcube in 2016, from almost 600 investors, and since then:

a) Wave has grown from 3.5m to 11m users

b) The retention rate has grown from 20% to more than 80%. This is our proudest KPI.

c) From investing in user acquisition to have all of the growth totally organic, with zero investment in communication.

d) From being a pre-revenue company to start monetising, experiencing an increase in revenue from €4,500 to €40,700 in 2017 (800% growth).

e) From 10 people to 22 team members, having attracted some of the best tech talent worldwide.

f) Re-shaping our complete backend to deliver the best technology up to date.

We're opening the opportunity to co-invest with local Angels and VC's at the same conditions.

There are government loans in the business.

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Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Idea

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