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Successfully funded
Capital at risk
overfunded
Wave
  • Equity
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
Information This is a Spanish incorporated company. Non-Spanish investors investing £50,000+ directly (not via nominee) will need a Foreigners' Identity Number.

Idea

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.

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest.  The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
In order to access the pitch you must first become a qualifying member of Crowdcube on the basis of your status as either (i) self-certified ‘high net worth investor’, (ii) certified ‘sophisticated investor’, (iii) self-certified as a ‘sophisticated investor’ or (iv) certified as a ‘restricted investor’, in each case in accordance with the FCA’s Conduct of Business Sourcebook Chapter 4.7.  Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear.  Accessing the pitch also means you agree to Crowdcube’s most recent website terms and conditions and investor terms and conditions, which include Crowdcube's limitation of liability.
 
If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.  Crowdcube’s or the Issuer’s press announcements and this information page do not constitute an offer to sell securities of the Company.  Further, it does not constitute a recommendation by the Company, Crowdcube or any other party to sell or buy securities in the Company.
 
By registering or logging into Crowdcube.com to view the investment opportunity, you certify that you are legally entitled to view the investment opportunities, are an authorised investor and you agree to all applicable terms and conditions on this website, including this disclaimer.

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