# Wayne Chang

> Wayne Chang is a seed investor at Reasoner (Boston) backing Software and SaaS. See 185 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Reasoner](https://shizune.co/investors/profile/reasoner)
- Location: Boston, United States
- Total investments: 185
- Last investment: Mar 2023
- Lead investor: 3%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/waynechang
- X (Twitter): http://twitter.com/wayne
- Website: https://chang.com
- Facebook: http://www.facebook.com/waynechangcom

Wayne Chang is a seed investor at Reasoner in Boston focused on Software and SaaS. Wayne Chang is the Founder and CEO of Reasoner. He previously worked at Crashlytics as a Co-Founder and Chairman. Wayne Chang attended the University of Massachusetts.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.2M–$5.6M |
| Series A | $6M–$15M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 27 | 15% |
| SaaS | 15 | 8% |
| Internet | 11 | 6% |
| Artificial Intelligence | 11 | 6% |
| Apps | 9 | 5% |

163 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 59 | 32% |
| Series A | 18 | 10% |
| Funding Round | 5 | 3% |
| Series B | 3 | 2% |
| Angel | 2 | 1% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 85 | 46% |
| Canada | 1 | 1% |
| Australia | 1 | 1% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ghost Message | Ghost Message enables users to send an anonymous message to pals in a group chat to flirt, make jokes, or pose queries. | $8M | Seed | Mar 15, 2023 |  |
| T2 | T2 is a social networking platform that allows users to send blogs. | $1.1M | Seed | Jan 12, 2023 |  |
| Aalyria | Aalyria develops network orchestration software and optical communication technologies for space and terrestrial connectivity. The company provides a platform called Spacetime that manages routing, resource allocation, and link optimization across satellites, aircraft, maritime systems, and ground networks. It also offers Tightbeam, a laser-basedcommunication technology designed to transmit high-bandwidth data through atmospheric and space environments. Aalyria’s solutions support government and commercial programs that require secure, resilient, and scalable communications infrastructure. The company works with satellite operators, defense organizations, and telecommunications providers to coordinate complex, multi-domain networks. |  | Series A | Sep 01, 2022 |  |
| Mural | Mural is an instant global payments platform, empowering companies to manage payments and invoices for contractors and vendors worldwide.  Our software leverages blockchain technology to facilitate fast, scalable, and compliant transactions to empower our customers to move beyond slow international wires, costly transaction fees, and lack oftransaction visibility.Mural has raised $5.6M and is backed by Firstminute Capital, Galaxy Digital, Digital Currency Group, AlleyCorp, 186 Ventures, and leaders at companies including Ledger, Alchemy, Digits, Argent, Esusu, Apple and many more.  More on us at https://www.muralpay.com. | $5.6M | Seed | Aug 23, 2022 |  |
| Mural | Mural is an instant global payments platform, empowering companies to manage payments and invoices for contractors and vendors worldwide.  Our software leverages blockchain technology to facilitate fast, scalable, and compliant transactions to empower our customers to move beyond slow international wires, costly transaction fees, and lack oftransaction visibility.Mural has raised $5.6M and is backed by Firstminute Capital, Galaxy Digital, Digital Currency Group, AlleyCorp, 186 Ventures, and leaders at companies including Ledger, Alchemy, Digits, Argent, Esusu, Apple and many more.  More on us at https://www.muralpay.com. | $5.6M | Seed | Aug 23, 2022 |  |
| CryptoTaxCalculator | CTC helps you sort out your crypto tax nightmare. Built for crypto natives with complex on-chain activity. Founded in 2018 | $2.9M | Seed | Mar 01, 2022 |  |
| CryptoTaxCalculator | CTC helps you sort out your crypto tax nightmare. Built for crypto natives with complex on-chain activity. Founded in 2018 | $2.9M | Seed | Mar 01, 2022 |  |
| Radicle Science | AI-driven healthtech B-Corp providing history's first Proof-as-a-Service solution for non-pharmaceuticals to easily prove their true effects. | $6M |  | Jan 07, 2022 |  |
| Radicle Science | AI-driven healthtech B-Corp providing history's first Proof-as-a-Service solution for non-pharmaceuticals to easily prove their true effects. | $5.7M | Seed | Jan 07, 2022 |  |
| Dispense | Software that empowers dispensaries. Manage, sell, and scale your cannabis dispensary with eCommerce and management software built around you. Features Include: eCommerce Dispensary Management Pickup & Delivery CRM SEO Menu Data Control Customer Chat Analytics Integrations | $2M | Seed | Sep 21, 2021 |  |

10 of 185 investments shown.

## Co-investors
- [Chang Corporation](https://shizune.co/investors/profile/chang-com-0014) — VC Fund, 89 deals together
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund, 17 deals together
- [Boston Seed Capital](https://shizune.co/investors/profile/boston-seed-capital) — VC Fund, 13 deals together
- [Founder Collective](https://shizune.co/investors/profile/founder-collective) — VC Fund, 10 deals together
- [SV Angel](https://shizune.co/investors/profile/sv-angel) — VC Fund, 10 deals together
- [Flybridge](https://shizune.co/investors/profile/flybridge-capital) — VC Fund, 9 deals together

## About Reasoner

VC Fund

Problems solved: - Multi-hop reasoning - Compound system data portability - Sub-second, multi-thousand data point synthesization - Multi-domain, multi-topic, multi-subject simultaneous analysis - Lossless recall - Zero hallucinations - And many, many more...Built. In Production. (Currently the reasoning engine powering Patented.ai to solve thehardest problems in litigation.)

2 contacts available at Reasoner.

| Name | Title | Profile |
| --- | --- | --- |
| David Yee | Operations Lead | https://shizune.co/investors/profile/david-yee-5f0e |
| Wayne Chang | Founder & CEO | https://shizune.co/investors/profile/wayne-chang |

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## FAQ

### What does Wayne Chang invest in?

Wayne Chang invests primarily in Software, SaaS and Internet startups, most often at Seed and Series A stage. Most of the 185 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Wayne Chang's check size?

Wayne Chang typically joins rounds of $1.2M–$5.6M at Seed and $6M–$15M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Wayne Chang participates in.

### When did Wayne Chang last invest?

The most recent investment recorded for Wayne Chang closed in Mar 2023. Shizune tracks 185 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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