# Alpha Wave Incubation

> Alpha Wave Incubation is a VC fund in New York backing SaaS and Education. See 37 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: New York, United States
- Total investments: 37
- Last investment: Oct 2024
- Lead investor: 51%
- Last updated: Aug 2026

Alpha Wave Incubation is a VC fund in New York focused on SaaS and Education. Alpha Wave Incubation an early-stage $300 million fund managed by Alpha Wave Global cofounder Navroz Udwadia.

## Contacts

5 contacts available for Alpha Wave Incubation. Shizune tracks 1 team members at Alpha Wave Incubation. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/alpha-wave-incubation-af7e?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 6 | 16% |
| Education | 5 | 14% |
| E-Commerce | 5 | 14% |
| Financial Services | 5 | 14% |
| Information Technology | 5 | 14% |

60 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 14 | 38% |
| Seed | 4 | 11% |
| Series B | 3 | 8% |
| Series C | 3 | 8% |
| Series D | 2 | 5% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 20 | 54% |
| Indonesia | 2 | 5% |
| Singapore | 2 | 5% |
| United States | 2 | 5% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Rick Gerson | Co-Founder, Chairman & Chief Investment Officer | 23 | https://shizune.co/investors/profile/rick-gerson-c5aa |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Dezy | Smiles.ai leverages proprietary technology and expert healthcare professionals to provide access to high-quality and cost-effective dental care products and services. | $6M | Convertible Note | Oct 08, 2024 |  |
| Wealthy | Wealthy is a new-age financial services platform that is leveraging technology to build superior financial advice and transaction capabilities. Our suite of products today include customer-facing advice tools, a paper-less execution platform and internal tools to manage the experience of customers and run the business. We are present acrossplatforms and have consistently been praised for our superior customer experience. Wealthy is helping re-shape the financial services industry. We are leveraging software and Internet to enable everyone take better financial decisions. We are domain experts with a team that operates at the intersection of Finance, Technology and Design to deliver an experience that is delightful. | $5.4M | Venture - Series Unknown | May 30, 2024 |  |
| Momos | At Momos, we put restaurants at the forefront of everything we do. We are building Shopify for Restaurants; with our cloud-based marketing and analytics tools, restaurants are able to harness their data across all their online channels and use it to maximize their growth. As a result, Momos is modernizing the entire approach to Food and Beverage,and helping restaurants embrace the digital change. | $10M | Series A | Apr 19, 2024 |  |
| Ultrahuman | Ultrahuman is a London, Abu Dhabi and Bengaluru based longevity and health-monitoring platform that designs, manufactures and sells the Ultrahuman Ring Air health tracker, Ultrahuman M1 Continuous glucose monitor, pre-release Ultrahuman Home health monitor and related blood testing services like Blood vision. | $25M | Series B | Mar 20, 2024 |  |
| Hippo Video | A first in class, Video Customer Experience(CX) Platform that helps businesses engage with their audiences in an authentic way through personalized videos and hence accelerate conversions multifold. Hippo Video leverages AI and machine learning technologies to help businesses create, edit, personalize, and provide actionable analytics for videos.Hippo Video has hundreds of thousands active users globally and is backed by KAE Capital and Sequoia Surge. | $8M | Series B | Feb 15, 2023 |  |
| Virgio | Virgio is an early-stage, tech-led, direct-to-consumer fast fashion brand which aims to provide Trendy, Elegant and Affordable clothing to its fashion-forward users. It's completely vertically integrated brand which takes care of right from trend curation, fashion designing, manufacturing to selling goods on its own properties. | $9.9M | Series A | Dec 06, 2022 |  |
| Virgio | Virgio is an early-stage, tech-led, direct-to-consumer fast fashion brand which aims to provide Trendy, Elegant and Affordable clothing to its fashion-forward users. It's completely vertically integrated brand which takes care of right from trend curation, fashion designing, manufacturing to selling goods on its own properties. | $7.2M | Series A | Nov 01, 2022 |  |
| Groyyo | Groyyo is a B2B manufacturing and automation start-up. They make your factory bigger, faster, smarter, global, and cost-effective so that you can grow your business to the next level. | $28M | Series A | Jun 14, 2022 |  |
| Lenskart | Lenskart, the first of its kind online optical store in India, has made it possible to acquire a good quality pair of specs with prescription lenses for just Rs. 399. With a 48-hour free home delivery guarantee and 365 days return policy, Lenskart.com is doing what e-commerce hasn’t been able to do in India yet.The website has over 500 designs ofeye frames, in multiple colors, for all age groups, from Rs. 399 all the way to Rs. 4,000 for a pair. All one needs to do is select a frame, fill in their power, and place an order. You can pay online or at the time of delivery.Lenskart.com has the biggest collection of discounted contact lenses consisting of all top-notch brands (viz. Johnson & Johnson, Bausch & Lomb, Ciba Vision to name a few) and be it disposable, toric, colored, or bifocal contact lenses, you can find all possible types here. Lenskart is dedicated to providing its customers with a simple, hassle-free way to replace their contact lenses. One can receive the exact same contact lens, their doctor prescribed, delivered to their door, at a great price. | $125.3M | Series I | Apr 11, 2022 |  |
| 100ms | 100ms is a live-video infrastructure platform that provides subscription-based products to its customers. The company provides a low-code solution for companies looking to add video/audio conferencing within their own applications. To bring real-life interactions to the virtual world seamlessly The increasingly virtual, remote-first world,needs an infrastructure provider that allows these experiences to happen seamlessly. 100ms' best-in-class quality and ease of use are fueling this revolution. Making live video work - our team has been obsessed with this problem for years and solved it at world-class scales for different network and device conditions. A great infrastructure provider also needs to have the shortest integration time - so our foundation is built on the above two principles. | $20M | Series A | Mar 10, 2022 |  |

10 of 37 investments shown.

## Co-investors
- [Z47](https://shizune.co/investors/profile/matrix-partners-india) — VC Fund, 9 deals together
- [Alpha Wave Global](https://shizune.co/investors/profile/alpha-wave-global) — VC Fund, 7 deals together
- [Peak XV Partners](https://shizune.co/investors/profile/sequoia-india-2) — VC Fund, 7 deals together
- [Tiger Global Management](https://shizune.co/investors/profile/tiger-global) — VC Fund, 6 deals together
- [Nexus Venture Partners](https://shizune.co/investors/profile/nexus-venture-partners) — VC Fund, 5 deals together
- [AC Ventures](https://shizune.co/investors/profile/acventures) — VC Fund, 4 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does Alpha Wave Incubation invest in?

Alpha Wave Incubation invests primarily in SaaS, Education and E-Commerce startups, most often at Series A and Seed stage. Most of the 37 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Alpha Wave Incubation?

For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Alpha Wave Incubation?

The team at Alpha Wave Incubation includes Rick Gerson (Co-Founder, Chairman & Chief Investment Officer). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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