# Wave Swell funding: rounds and investors

> Wave Swell has raised $4.0M across 1 round since 2019. Investors include Australian Renewable Energy Agency (ARENA). Every round with its source.

Source: https://millionrounds.com/company/wave-swell (Millionrounds; every figure on the page links to its filing or article)

[Funded startup](https://millionrounds.com/companies)

# Who invested in *Wave Swell*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$4.0M** raised across 1 round since 2019, from 1 source

- **Latest round:** Grant, $4.0M Sept 2019
- **Investors:** 1

See who backed them

## The rounds

- **Sept 2019** Grant **$4.0M** [Australian Renewable Energy Agency (ARENA)](https://millionrounds.com/fund/australian-renewable-energy-agency-arena) Source recorded

## Everyone who backed them

[Australian Renewable Energy Agency (ARENA)](https://millionrounds.com/fund/australian-renewable-energy-agency-arena) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=wave-swell).

## Quick answers about Wave Swell

### Who invested in Wave Swell?

Wave Swell's investors include Australian Renewable Energy Agency (ARENA).

### How much has Wave Swell raised?

Wave Swell has raised $4.0M across 1 round since 2019.

### When did Wave Swell last raise?

Wave Swell's most recent round was a Grant of $4.0M in Sept 2019.

### What was Wave Swell's biggest round?

Its most recent round, $4.0M in Sept 2019, is also its largest on record.

### Who backed Wave Swell first?

Wave Swell's first round on record, in Sept 2019, was backed by Australian Renewable Energy Agency (ARENA).

### What stage is Wave Swell at?

Wave Swell's latest named round is a Grant, in Sept 2019.

## Companies like Wave Swell

In the same sector, and raised in the last eighteen months.

[**os.energy** $1.2M · Aug 2026](https://millionrounds.com/company/os-energy)[**CleanMax** $165M · Feb 2026](https://millionrounds.com/company/cleanmax)[**Radiance Renewables** $100M · Feb 2026](https://millionrounds.com/company/radiance-renewables)[**Turno** $4.7M · Feb 2026](https://millionrounds.com/company/turno)[**e-TRNL Energy** $3.0M · Feb 2026](https://millionrounds.com/company/e-trnl-energy)[**PolyCycl** $2.9M · Jan 2026](https://millionrounds.com/company/polycycl)

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