Virtual concert startup Wave has raised $30 million in series B funding led by Maveron that features participation from Griffin Gaming Partners and individuals including Scooter Braun, Alex Rodriguez, Superfly co-founder Rick Farman and Twitch co-founder Kevin Lin.
The company will use the investment to go beyond concerts and into the broader entertainment experience space, including gaming and social. The round also included NTT DOCOMO Ventures, Avex, Superfly Ventures, Convivialite Ventures and Raised in Space. Wave, which has raised $40 million to date, counts RRE Ventures and Upfront Ventures as existing investors.
"It’s a privilege to be supported by such distinguished investors like Maveron and Griffin Gaming Partners, who have funded breakout consumer businesses," said Wave co-founder and CEO Adam Arrigo. "The added support from several new strategic partners shows the entertainment industry is looking for new, interactive ways to connect with today’s digital generation."