Tech Company Financing Transactions
North American Wave Engine Funding Round
North American Wave Engine, based in Baltimore, secured $3.5 million in investment from Gula Tech Adventures, Abell Foundation and Asymmetry Ventures.
Transaction Overview
Company Name
Announced On
11/21/2022
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Seed
Investors
Gula Tech Adventures (Lead Investor)
private investors (Kevin Mahaffey)
Proceeds Purpose
The company intends to use the funds to accelerate growth and expand operations.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
1800 South Clinton St.
Baltimore, MD 21224
USA
Baltimore, MD 21224
USA
Phone
Website
Email Address
Overview
Wave Engine Corp. was established to leverage recent technological developments in propulsion, acoustics and combustion control to develop the aviation powerplant of the future. Based in the Baltimore-Washington metro area, we are a focused group of scientists, engineers, metalworkers and former Fortune 500 Aerospace & Defense executives that is working towards enabling the next renaissance in aerospace.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daanish Maqbool
Chief Operating Officer
Bert VanDerHeiden
Browse more venture capital transactions:
Prev: 11/21/2022: Surround Insurance venture capital transaction
Next: 11/21/2022: Laundrygo venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to document funding rounds that are announced publicly. All VC database entries reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs