FundedIQ
Data and Analytics

New Wave: Funding, Investors & Team (Sep 2026)

New Wave is involved in the exploration and creation of mushroom-based products, which includes psychedelic materials.

newwavecorp.com LinkedIn Toronto, Canada 1-10 employees
Consumer Research Market Research Product Research
Total raised
$2.6M
Rounds
2
Latest
Undisclosed round
Jul 2025

New Wave has raised $2.6M across 2 funding rounds on record, the most recent an undisclosed round of $2.3M announced in Jul 2025.

That round is below the $5.2M median round size for Data and Analytics companies tracked on FundedIQ over the last two years.

New Wave Company Profile and Key Stats

Total funding raised
$2.6M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Undisclosed round
$2.3M in Jul 2025
Employees
1-10
reported band
Headquarters
Toronto, Canada

Latest funding round on record: Jul 2025.

New Wave Funding Rounds

Date
Round
Amount
Undisclosed round
$2.3M
Undisclosed round
$280k

New Wave raised $280k in an undisclosed round announced in May 2025.

2 months later, an undisclosed round of $2.3M was announced in Jul 2025.

New Wave Founders and Leadership Team

Name
Role
Contact
Karan Gill
Founder
Kyle Eddings
Founder

No contact details are on record for this team yet.

New Wave Funding Compared to Other Data and Analytics Startups

Segment
Companies
Median round
3,081
$2.2M

New Wave's latest round of $2.3M is below the median round in Data and Analytics. Medians cover the last 24 months of disclosed rounds.

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New Wave Funding FAQs

What does New Wave do?

New Wave is involved in the exploration and creation of mushroom-based products, which includes psychedelic materials.

How much funding has New Wave raised?

New Wave has raised $2.6M across 2 rounds on record. The most recent is an undisclosed round of $2.3M announced in Jul 2025.

When did New Wave last raise funding?

New Wave's most recent funding round on record is an undisclosed round of $2.3M, announced in Jul 2025.

Who founded New Wave?

FundedIQ lists Karan Gill (Founder), Kyle Eddings (Founder) at New Wave.

Where is New Wave headquartered?

New Wave is based in Toronto, Ontario, Canada.

How many employees does New Wave have?

New Wave is in the 1-10 employee band.

How does New Wave's funding compare to other Data and Analytics startups?

New Wave's latest round of $2.3M is below the $5.2M median round size for Data and Analytics companies on FundedIQ across 1,842 tracked companies over the last two years.

About FundedIQ's New Wave Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for New Wave is left off this page rather than filled in.

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