Falcon Edge Capital has closed the first tranche of its new $10 billion vehicle an announced a rebrand as Alpha Wave Global. They have secured alphawaveglobal.com for the new brand.
The fund is focused mainly on backing growth-stage startups in the range of $50 million to $150 million. But in recent years, through its fund called Alpha Wave Incubation, it has aggressively backed startups in seed and Series A financing stages.
It has been very active in the U.S. and India markets, with $2 billion in investments this year and minted at least five unicorns including fintech CRED and house of direct-to-consumer brands Mensa.