Wave brings in $12 million in Series B funding

We’re very proud of what we’ve accomplished at Wave since we launched at the end of 2010. We’ve had nearly a quarter of a million small businesses sign up, with tens of thousands of new businesses joining every month.

But our goals are even bigger than this. There are even more features in Wave Accounting and Wave Payroll that we plan on developing, as well as other complementary tools we intend to release.

To that end, I’m very excited to share with you today that Wave has raised $12 million in Series B funding, with The Social+Capital Partnership joining Charles River Ventures and OMERS Ventures as investors.

From Social+Capital, Chamath Palihapitiya and Mamoon Hamid will bring their insights into all aspects of our organization, and will be a great complement to the strategic counsel we already enjoy from CRV’s Devdutt Yellurkar and John Ruffolo at OMERS Ventures. Our team of investors and advisors is stacked, our vision is clear, and our plans for the future are awesome.

What does all of this mean for you? It means Wave’s ability to respond to your needs will get even better as our team grows. We’re hiring lots of A-list team members, who will help us roll out new tools, features and integrations that you’ve asked for, plus a bunch you may not even have thought of yet. And that means running your business will just keep getting better, faster, and easier.

I have two thank-yous to say before I wrap up, to the people who got us here.

First, and always, thanks to our customers for being early adopters, and for your suggestions and feedback. You’ve put the wind in our sails, and we’re thrilled that we’ve been able to do the same for your businesses.

And second, thanks to the team at Wave for your dedication and buy-in. James and I are proud to be surrounded by such an amazing group of people.