January 7, 2025
Wave, a Web3 platform powered by the Sui blockchain, has completed its seed round of funding, marking a key milestone in its journey. The round, which closed in November 2024, was spearheaded by KCLabs, with a strong backing from a coalition of influential venture capital firms. These investors are set to play a significant role in Wave’s mission to drive the future of innovation within the blockchain space.
The seed round saw participation from prominent entities, including the Sui Foundation, KCLabs, Web3Port Labs, and Comma3VC. These investors bring a wealth of experience and strategic support to Wave, which aims to accelerate its platform's development and expand its reach within the Web3 ecosystem. While details of the total funding amount remain undisclosed, Wave's leadership expressed enthusiasm about the support received from this distinguished group of backers.
Founded on the Sui Network, Wave is positioning itself as a key player in the Web3 space, with a focus on leveraging blockchain technology to revolutionize digital ecosystems. With this new financial backing, the company is poised to push forward with its ambitious goals and scale its offerings. The company’s leadership expressed confidence in the path ahead, citing the substantial investor trust and support as a key driver of the company's next phase of growth.
About Wave
Wave is a Web3 platform powered by the Sui blockchain, focused on revolutionizing digital ecosystems. The platform seeks to create new opportunities within the blockchain space providing users with an engaging and efficient experience within the Web3 ecosystem.
Website: https://waveonsui.com/
X: @WaveOnSui
About Investor
KCLabs
KCLabs is a venture capital firm specializing in blockchain and Web3 technologies. It supports high-potential projects, providing strategic guidance and financial backing to drive innovation and growth within the decentralized ecosystem.
Location: Mahe, Seychelles
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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