Founded in 2010 by Paul Newey and Tim Bullock, New Wave Ventures is a privately owned fund that invests its own money without external investments. With a focus on business services, healthcare, life sciences, manufacturing, nanotechnology, and information technology sectors, the firm seeks to invest between £500,000 to £2 million in companies with significant growth potential. They prioritize long-term investments and are willing to co-invest with like-minded investors, although their preference is to be the sole investor alongside owner-managers. Notable portfolio companies include Regenerys, Xerion Healthcare, Surface Generation, Netmania, and Endomag.