Wave Function Ventures Fund I, LP is a venture capital fund based in Seattle, Washington. According to its most recent Form D, filed Aug 12, 2025, it has sold $12,555,000 of interests to 36 investors since its first sale in Aug 2024. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Wave Function Ventures Fund I GP LLC; James Gull.
- Total raised
- $12,555,000Cumulative sales reported on Form D
- Investors
- 36
- First sale
- Aug 26, 2024
- Minimum investment
- $25,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Wave Function Ventures Fund I GP LLC; James Gull
- Latest Form D
- Aug 12, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Wave Function Ventures Fund I, LP
What is the minimum investment for Wave Function Ventures Fund I, LP?
According to its latest Form D, filed Aug 12, 2025, the minimum investment Wave Function Ventures Fund I, LP accepts from an outside investor is $25,000.
Who can invest in Wave Function Ventures Fund I, LP?
Wave Function Ventures Fund I, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Wave Function Ventures Fund I, LP raised?
Wave Function Ventures Fund I, LP reports $12,555,000 sold from 36 investors on its Form D filed Aug 12, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Wave Function Ventures Fund I, LP based?
Wave Function Ventures Fund I, LP is based in Seattle, Washington.
When did Wave Function Ventures Fund I, LP launch?
Wave Function Ventures Fund I, LP reports its first sale in Aug 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 99% of the 5,568 venture capital funds based in Washington, and more than 90% of all 15,160 that report sales.