# WaveRx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/waverx

- Industry: Medical Devices & Equipment
- Headquarters: Waltham, US
- Website: www.waverx.com
- Total disclosed funding: $8.3M
- Latest round: Series A (Apr 7, 2010)
- Investors on record: 4

## About

WaveRx, Inc. focuses on delivering innovative virtual entertainment experiences, leveraging technology to enhance artist engagement and monetization within the music industry.WaveRx, Inc. specializes in creating virtual entertainment experiences. The company is headquartered in Waltham, US. In May 2021, Warner Music Group Corp. acquired a minority stake in WaveRx, allowing the firm to expand its services. The company has secured a total funding amount of USD 0.50 mn through its Series A round, with notable investors such as 5AM Ventures and Versant Ventures. The current company valuation stands at USD 3.424 mn.WaveRx, Inc. develops high-quality virtual entertainment platforms aimed at enhancing fan experiences and engagement with artists. Their offerings are designed to provide immersive interactions that promote monetization opportunities for artists across various digital platforms.The revenue of WaveRx, Inc. is generated primarily through partnerships with music labels, leveraging their technology to facilitate virtual experiences. Contracts typically align with project milestones, ensuring structured payments throughout the development process.WaveRx, Inc. plans to introduce new virtual entertainment products designed to enhance artist engagement by 2023. The recent acquisition by Warner Music Group will be utilized to expand monetization opportunities for its artist roster. The company is targeting expansions into broader music markets, focusing on enhancing digital experiences within the entertainment sector.

## Funding rounds

- Series A, Apr 7, 2010, $0.5M — Versant Ventures, 5AM Ventures
- Series A, Jan 13, 2009, $6.8M — Polaris Partners, Three Arch Partners, 5AM Ventures
- Series A, Aug 16, 2006, $1M — Polaris Partners, Three Arch Partners

## Investors

- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series A
- Three Arch Partners (https://capitalatlas.ai/funds/three-arch-partners) — Series A
- 5AM Ventures (https://capitalatlas.ai/funds/5am-ventures) — Series A
- Versant Ventures (https://capitalatlas.ai/funds/versant-ventures) — Series A