What is Wave?
Wave is pioneering a virtual behavioral health solution tailored for digital natives. Developed by Stanford clinical psychologist Dr. Sarah Adler, the platform employs an evidence-based, proprietary transdiagnostic care model. This model integrates virtual coaching sessions with online exercises and tools, customizing each user's experience to enhance engagement and improve mental well-being. Wave's technology infrastructure is designed to meticulously collect and report outcomes data, providing clear clinical and financial impact insights for providers, payors, and enterprises. The company emphasizes its solution's affordability and scalability, enabling widespread deployment to deliver tangible results for individuals within companies and communities. Further details are available at wavelife.io.
How much funding has Wave raised?
Wave has raised a total of $6M across 1 funding round:
Angel/Seed
$6M
Angel/Seed (2023): $6M with participation from Gaingels, Santé Ventures, and Hannah Grey
Key Investors in Wave
Gaingels
Gaingels is a leading investment syndicate supporting the LGBTQ community and allies in venture capital, investing in companies with LGBT founders and inclusive teams across various sectors.
Santé Ventures
Santé Ventures is a healthcare-focused investment firm managing over $1 billion, specializing in Biotech, Medtech, and Healthtech, aiming to improve patient outcomes through strategic investments in emerging technologies.
Hannah Grey
Hannah Grey is a thesis-led venture capital firm investing in early-stage companies that redefine customer experiences, with a focus on SaaS, healthcare, and sustainability.
What's next for Wave?
The recent major strategic investment signals a pivotal growth phase for Wave. This capital infusion is likely to accelerate product development, expand market reach, and enhance the platform's data analytics capabilities. Wave's focus on measurable outcomes and scalable deployment positions it to capture a significant share of the burgeoning digital health market, addressing the critical need for accessible mental healthcare solutions.
See full Wave company page
