Wave Function Ventures’ $15M Fund I to Deep Tech Founders
Wave Function Ventures, helmed by former SpaceX engineer Jamie Gull, closes a $15 million fund I for Deep Tech Hardware companies. Wave Function Ventures announced the $15 million Fund I closing. One estimate puts the fund at $15.1 million. Our organization was formed to work with deep tech entrepreneurs inventing hardware solutions to the world's biggest problems.
Investment Strategy and Focus
Wave Function Ventures invests in energy, robotics, aerospace, defense, and infrastructure. The firm works with founders from the start.
These deep tech industries have had nine fund investments. Portfolio companies include Airship Industries (aerospace), Persona AI (humanoid robotics), and Deep Fission (nuclear energy). These portfolio firms have received many follow-on investments from famous companies, demonstrating their success. Jamie Gull plans to make 25 seed or pre-seed investments with this funds. Some pre-incorporation investments allow lone general partner Jamie Gull to help innovators turn their crude ideas into appealing product plans and visions. “There’s never been a better time to build in hardware and create the next generation of huge companies with enduring legacies,” noted Gull. He noted that “building something that truly matters” is the best part of the job. He expects big returns in the next 10–20 years since deep tech enterprises can develop and gain a competitive edge over typical software companies utilizing non-venture capital like government contracts or asset-backed loans.
Investment Strategy and Activity
Wave Function invests in critical deep tech industries and works with entrepreneurs from the start: Important sectors include aerospace, defense, energy, robotics, and infrastructure. Target Investments: Gull plans 25 seed or pre-seed investments with this fund. Early Engagement: The corporation may invest before formation. Gull now helps designers turn their ideas into engaging product strategies and goals. Fund I made nine investments in its focus industries. Existing portfolio companies include: Nuclear energy (deep fission) Robotic humans, or Persona AI Aircraft industry Current portfolio companies have seen significant progress, receiving many follow-on investments from famous enterprises.
Investors in funds
Fund I Limited Partners (LPs) include HNWs, engineers, and founders. Large Family Offices and the Fund of Funds also supported the fund. Gull did not name the fund's anchor LP. After Fund I closes, the company will focus on “building and backing and supporting incredible founders tackling the world's most pressing problems” and growing Wave Function Ventures into a leading hardware investment firm. Summary Wave Function Ventures' $15 million Fund I, which invests in early-stage deep tech hardware companies, closed. As a lone general partner, Jamie Gull, a former SpaceX engineer and Talyn Air co-founder with extensive hardware startup experience, created the fund. Wave Function Ventures mostly funds pre-incorporation companies in aerospace, defense, energy, robotics, and infrastructure. The sources say that Fund I has made nine investments and that its portfolio businesses have secured follow-on funding from other investors, indicating strong early momentum in deep tech.
