# Bow Wave Capital Management

> Bow Wave Capital Management is a VC fund backing FinTech. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: New York, United States
- Total investments: 12
- Last investment: Nov 2025
- Lead investor: 50%
- Fund size: $23M
- Last fund: Jul 2021
- Last updated: Aug 2026
- Website: https://bowwavecap.com/

Bow Wave Capital Management is an investment firm

## Contacts

5 contacts available for Bow Wave Capital Management. Shizune tracks 1 team members at Bow Wave Capital Management. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/bow-wave-capital-management?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 4 | 33% |
| Financial Services | 3 | 25% |
| Finance | 2 | 17% |
| Payments | 2 | 17% |
| Micro Lending | 2 | 17% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 2 | 17% |
| Venture - Series Unknown | 2 | 17% |
| Series A | 1 | 8% |
| Series D | 1 | 8% |
| Series J | 1 | 8% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Thailand | 2 | 17% |
| India | 1 | 8% |
| Malaysia | 1 | 8% |
| Philippines | 1 | 8% |
| United States | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Itai Lemberger | Founder & Chief Investment Officer | 7 | https://shizune.co/investors/profile/itai-lemberger |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Majestic Labs ai | Majestic Labs ai builds power-efficient AI servers for the largest and most advanced AI workloads. | $90M | Series A | Nov 10, 2025 |  |
| Ascend Money | Ascend Money is a fintech startup company that delivers e-payment and micro-lending products. | $195M | Series D | Jun 26, 2024 |  |
| TNG Digital | TNG Digital is an e-wallet operator of digital wallet and online payment platform for urban mobility. The company allows users to make payments at over 280,000 merchant touch points via QR code, pay for tolls, street parking, payment on e-hailing, car-sharing apps or taxis via RFID or PayDirect, pay bills, top-up mobile prepaid, pay for purchaseson e-commerce websites or apps, order food delivery, perform peer-to-peer money transfers, renew car insurance and purchase unique insurance plans, and purchase movie, bus, trains, and airline tickets.TNG Digital was founded in July 2017 and is headquartered in Kuala Lumpur, Malaysia. | $168.4M | Venture - Series Unknown | Jul 25, 2022 |  |
| Mynt | Mynt is a partnership between Globe Telecom, the Ayala Corporation, and Ant Financial. Mynt's five key services include payments, remittances, loans, business solutions, and platforms. Mynt invents new solutions to solve important problems, perfecting those solutions, and delighting its customers. | $300M | Private Equity | Nov 02, 2021 |  |
| Mynt | Mynt is a partnership between Globe Telecom, the Ayala Corporation, and Ant Financial. Mynt's five key services include payments, remittances, loans, business solutions, and platforms. Mynt invents new solutions to solve important problems, perfecting those solutions, and delighting its customers. | $300M | Venture - Series Unknown | Nov 02, 2021 |  |
| Ascend Group | Ascend Group is an information technology company that specializes in the fields of cloud centers, fintech, and E-commerce. It is driven by its mission is to be the leader in digital services and platforms for customers and businesses. The company was founded in 2015 and headquartered in Krung Thep, Thailand. | $150M | Series C | Sep 26, 2021 |  |
| Ascend Money | Ascend Money is a fintech startup company that delivers e-payment and micro-lending products. | $150M | Series C | Sep 26, 2021 |  |
| TNG Digital | TNG Digital is an e-wallet operator of digital wallet and online payment platform for urban mobility. The company allows users to make payments at over 280,000 merchant touch points via QR code, pay for tolls, street parking, payment on e-hailing, car-sharing apps or taxis via RFID or PayDirect, pay bills, top-up mobile prepaid, pay for purchaseson e-commerce websites or apps, order food delivery, perform peer-to-peer money transfers, renew car insurance and purchase unique insurance plans, and purchase movie, bus, trains, and airline tickets.TNG Digital was founded in July 2017 and is headquartered in Kuala Lumpur, Malaysia. | $75M | Venture - Series Unknown | Jul 26, 2021 |  |
| Zomato | Zomato is an online restaurant guide and food ordering platform that allows users to order meals from restaurants and have them delivered. The start offers a search app that provides detailed information about restaurants which enables consumers to discover, rate, and review restaurants, as well as create their own personal network of foodies fortrusted recommendations. Zomato connects over 55 million users to restaurants in 24 countries. It is backed by investors such as Tiger Global, Temasek, Baillie Gifford, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, Steadview, and Ant Financial. | $250M |  | Feb 22, 2021 |  |
| Zomato | Zomato is an online restaurant guide and food ordering platform that allows users to order meals from restaurants and have them delivered. The start offers a search app that provides detailed information about restaurants which enables consumers to discover, rate, and review restaurants, as well as create their own personal network of foodies fortrusted recommendations. Zomato connects over 55 million users to restaurants in 24 countries. It is backed by investors such as Tiger Global, Temasek, Baillie Gifford, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, Steadview, and Ant Financial. | $250M | Series J | Feb 22, 2021 |  |

10 of 12 investments shown.

## Co-investors
- [Ant Group](https://shizune.co/investors/profile/ant-group) — VC Fund, 5 deals together
- [Charoen Pokphand Group](https://shizune.co/investors/profile/charoen-pokphand-group) — VC Fund, 3 deals together
- [AIA Groupacq](https://shizune.co/investors/profile/aia-group) — VC Fund, 2 deals together
- [Amplo](https://shizune.co/investors/profile/amplo) — VC Fund, 2 deals together
- [Ayala](https://shizune.co/investors/profile/ayala-corporation) — VC Fund, 2 deals together
- [Dragoneer Investment Group](https://shizune.co/investors/profile/dragoneer-investment-group) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund
- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does Bow Wave Capital Management invest in?

Bow Wave Capital Management invests primarily in FinTech, Financial Services and Finance startups, most often at Series C and Venture - Series Unknown stage. Most of the 12 investments tracked by Shizune back companies in Thailand. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Bow Wave Capital Management?

Public channels for Bow Wave Capital Management include the website linked on this profile. 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 Bow Wave Capital Management?

The team at Bow Wave Capital Management includes Itai Lemberger (Founder & 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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