Insider Brief
- Wave Function Ventures has closed its $15 million Fund I to invest in early-stage hardware startups across robotics, aerospace, defense, energy, and infrastructure.
- The firm was founded by solo GP Jamie Gull, a former SpaceX engineer and Talyn Air cofounder, bringing hands-on experience in building and scaling hardware companies.
- Fund I has already made nine investments, including in robotics ventures, with several portfolio companies securing follow-on capital from top-tier investors.
PRESS RELEASE — Wave Function Ventures is excited to announce the final close of its $15M Fund I. Wave Function was created to partner with deep tech founders building hardware solutions to the world’s most important problems.
Wave Function Ventures was started by industry veteran and solo GP Jamie Gull. Jamie has done it all; he’s built hardware, founded companies, raised venture capital, won contracts with the DoD, and ultimately exited companies. He is a former SpaceX engineer who played a key role on Falcon 9 reentry, designed and built aircraft at Scaled Composites, and cofounded and sold his own deep tech company, Talyn Air, a company that successfully went through Y Combinator. With this experience he is uniquely positioned to be the right thought partner for early stage founders at the most critical stage of their company building.
Wave Function invests across critical ‘deep tech’ sectors such as aerospace, defense, energy, robotics, and infrastructure and partners with founders at the earliest stages. In some cases, Wave Function will invest pre-incorporation, where Jamie can help founders shape rough ideas into compelling product plans and visions. Fund I has already made nine investments spanning those sectors, and the portfolio has shown strong traction, including multiple follow-on investments from top-tier firms.
“There’s never been a better time to build in hardware and create the next generation of huge companies with enduring legacies”, says Jamie, “and the best part is building something that truly matters.”
Fund I LP’s include founders, engineers, HNW individuals, as well as institutional support from Fund of Funds and large Family Offices.
With Fund I closed, it’s time to get back to building and backing and supporting incredible founders tackling the world’s most pressing problems, all while scaling Wave Function Ventures into a leading firm investing in hardware for the future.
To learn more about Wave Function Ventures, visit https://www.wavefunction.vc/. You can follow along on Twitter/X at https://x.com/jamiegull.
