Wave Ventures is run by a rotating team of Gen Z and under-25 investors based in Helsinki, Stockholm, and Tallinn, was built out of connections from Slush and Aalto and University of Helsinki students, and has reportedly invested in nearly 80% of VC-backed Finnish startups led by CEOs under 30. The fund focuses on student founders and university research commercialization, is open to founders even before their companies are investment-ready, pairs its funding with an equity-free grant program, and is backed by founders of companies like Slack, Bolt, Skype, and Supercell—growing from a €1.5M first fund to a €10M final close, and is described by Crunchbase as the largest student-run VC in Europe investing in Gen Z entrepreneurs.