#United States #Los Angeles #Deep Tech #Wave Function Ventures #Jamie Gull

Wave Function Ventures Launches $15M Fund I

In an exciting development, Wave Function Ventures has officially announced the closing of its inaugural $15 million fund designed to support deep tech entrepreneurs. Dedicated to partnering with innovative founders, this fund aims to foster hardware solutions that address some of the most pressing challenges facing the world today.

Founded by Jamie Gull, a seasoned venture capitalist and former aerospace engineer at SpaceX, Wave Function Ventures is poised to become a key player in the deep tech investment landscape. Jamie brings a wealth of experience, having been instrumental in Falcon 9 reentry missions, building aircraft at Scaled Composites, and co-founding Talyn Air, a successful deep tech company that graduated from Y Combinator.

The Vision Behind Wave Function Ventures

Wave Function Ventures was established with a clear objective: to partner with early-stage deep tech founders who are building hardware solutions. Understanding the intricacies of hardware development, Jamie navigates the complexities of the industry, helping founders shape their concepts into disruptive products. The firm is keen on investment opportunities across vital sectors, particularly aerospace, defense, energy, robotics, and infrastructure.

One of the remarkable aspects of Wave Function's investment strategy is its willingness to engage with founders at their earliest stages, even before incorporation. This proactive approach allows Jamie and his team to work closely with innovators, crafting robust product visions and development strategies from nascent ideas.

A Growing Portfolio

Fund I has made nine strategic investments in its inception, focusing on companies demonstrating significant traction in their respective fields. Jamie highlights, "There’s never been a better time to build in hardware and create the next generation of huge companies with enduring legacies. The unique opportunity lies in constructing something that genuinely matters."

The support for Fund I is diverse and includes contributions from fellow entrepreneurs, engineers, high-net-worth individuals, and institutional investors such as Fund of Funds and prominent family offices. The enthusiastic backing indicates confidence in the venture's mission and alignment with the future of deep tech.

Looking Forward

With the successful closing of Fund I, Wave Function Ventures is revitalized and ready to expand its influence within the deep tech sector. Jamie emphasizes the dual goals of the fund: to support incredible founders addressing critical global issues and to solidify Wave Function's position as a leading firm in hardware investment.

For more details on the innovative work being done at Wave Function Ventures and to stay updated on their journey, visit their website at wavefunction.vc and follow them on Twitter/X at @jamiegull.

In a world where hardware and technology continuously evolve, Wave Function Ventures stands at the forefront, prepared to enable the next wave of technological breakthroughs. As it moves forward, the firm is committed to nurturing and developing the ideas that will shape our future, emphasizing the critical role of deep tech entrepreneurship in addressing society’s most significant challenges.