Wafer Raises Series A After Turning Down Acquisitions

Wafer announced completion of a series A round co-led by Marathon and Chemistry. The company's founder posted that the team had targeted a smaller raise but secured a larger one instead, with additional backing from Wing VC, AMD Ventures, Outset Capital, and Fifty Years. Stephanie Palazzolo reported that the startup turned down acquisition offers before closing the round. Her newsletter covered the outcome and investor participation. The founder described the result as not matching the original plan yet exceeding expectations in scale.