Growth Equity
Next Wave
Next Wave takes minority stakes in growing companies, usually without full control, from London, United Kingdom. It states a focus on software & internet, business & professional services and consumer & retail.
Stated investment criteria
What Next Wave says it buys
Read from Next Wave’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
| Enterprise value it states | £25m to £100m1 |
| Transaction types | Platform, Growth, Add-on1 |
| Stated holding period | 4-5 years1 |
| People listed on its team page | 62 |
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Next Wave to consider any particular business, and nothing on this page is represented as being for sale.
Portfolio
Disclosed holdings
Companies Next Wave lists on its own website. 1 carry a stated investment year.
| Company | Invested | Years held | Recorded transaction |
|---|---|---|---|
| Whitespace | 2025 | 1 | — |
| Clearway Group | — | — | — |
| Crendo | — | — | — |
| Essential Escapes | — | — | — |
| Fertility Associates | — | — | — |
| Fox International | — | — | — |
| Gemseek | — | — | — |
| Karshare | — | — | — |
| LAUK | — | — | — |
| Mcgraw Hill Education | — | — | — |
| Megan | — | — | — |
| Molinare | — | — | — |
| Petainer | — | — | — |
| Pip Studios | — | — | — |
| Roof-Maker | — | — | — |
| Sam Labs | — | — | — |
| Swytch | — | — | — |
| The Delivery Group | — | — | — |
| UOE | — | — | — |
| Whitespace Global | — | — | — |
Compiled from Next Wave’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.
Valuation context
Transaction values in Software & Internet
What companies have actually sold for in software & internet, across 2,672 recorded transactions.
The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.
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Comparable investors
Similar mandates
Other growth equity investors active in software & internet.