# Wavefoil funding: rounds and investors

> Wavefoil has raised $2.5M across 1 round since 2020. Investors include EIC Accelerator. Every round with its source.

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

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

# Who invested in *Wavefoil*

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.

Logistics

Funding summary Updated 26 Oct 2026

**$2.5M** raised across 1 round since 2020, from 1 source

- **Latest round:** Grant, $2.5M Jul 2020
- **Investors:** 1

See who backed them

## The rounds

- **Jul 2020** Grant **$2.5M** [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Source recorded

## Founders and team

From Wavefoil's own website: 2 on the team.

- **Erlend N. Vastveit** CTO, Wavefoil Technologies AS
- **Espen Øino** Superyacht designer

## Everyone who backed them

[EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **1** round

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

## Quick answers about Wavefoil

### Who invested in Wavefoil?

Wavefoil's investors include EIC Accelerator.

### How much has Wavefoil raised?

Wavefoil has raised $2.5M across 1 round since 2020.

### When did Wavefoil last raise?

Wavefoil's most recent round was a Grant of $2.5M in Jul 2020.

### What was Wavefoil's biggest round?

Its most recent round, $2.5M in Jul 2020, is also its largest on record.

### Who backed Wavefoil first?

Wavefoil's first round on record, in Jul 2020, was backed by EIC Accelerator.

### What stage is Wavefoil at?

Wavefoil's latest named round is a Grant, in Jul 2020.

## Companies like Wavefoil

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

[**Proaction** $4.2M · Jul 2026](https://millionrounds.com/company/proaction)[**Afresh** $34M · Apr 2026](https://millionrounds.com/company/afresh)[**Inamo** $7.0M · Mar 2026](https://millionrounds.com/company/inamo)[**Reliable Robotics Corporation** Mar 2026](https://millionrounds.com/company/reliable-robotics-corporation)[**SpendRule** $2.0M · Feb 2026](https://millionrounds.com/company/spendrule)[**Hexalog** $4.0M · Jan 2026](https://millionrounds.com/company/hexalog)

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