Wave Function Ventures Launches with $15.1M to Drive Deep Tech Breakthroughs

Breaking News: Wave Function Ventures Raises $15 Million to Fuel Deep Tech Innovation In a significant development, Jamie Gull's newly launched early-stage deep tech fund, Wave Function Ventures, has closed its first fund with a substantial $15.1 million in investments. This milestone marks a major step forward for the fund, which aims to support cutting-edge startups in various industries. Key Details and Timeline Gull, a seasoned aerospace expert with a background at Scaled Composites and SpaceX, founded Wave Function Ventures last year. The fund's first close was announced just last week, following an intense period of fundraising efforts. With this significant influx of capital, Gull is now poised to make strategic investments in promising startups. Immediate Impact and Response The $15.1 million investment will enable Wave Function Ventures to support a diverse range of innovative projects, from nuclear energy to humanoid robotics. The fund's focus on deep tech has already generated interest among industry stakeholders, with several startups expressing enthusiasm for potential partnerships. Background Context Gull's experience at Scaled Composites and SpaceX has provided him with a unique understanding of the aerospace industry's challenges and opportunities. His decision to launch Wave Function Ventures reflects his commitment to fostering innovation and driving progress in emerging fields. What Happens Next As Wave Function Ventures begins its investment journey, Gull will focus on identifying high-potential startups that align with the fund's strategic objectives. With a strong foundation in place, the fund is well-positioned to make a meaningful impact in the deep tech ecosystem. *This story is developing. Information compiled from Techcrunch reporting.*