ceo kirk simpson and cpo james lochrie launched wave accounting inc. in july 2009. wave accounting launched to the public on november 16, 2010. in june 2011 series a funding led by omers ventures was closed. in september 2011, feddev ontario invested one million dollars in funding. in october 2011, a $5-million investment led by u.s. venture capital firm charles river ventures was announced. in may 2012, wave accounting closed its series b financing round led by the social+capital partnership, with follow-on participation from charles river ventures and omers ventures.