Wave Function Ventures Opportunity I, LP is a private equity fund based in Santa Monica, California. According to its most recent Form D, filed Sep 24, 2025, it has sold $1,562,000 of interests to 4 investors since its first sale in Aug 2025. The minimum investment it accepts from an outside investor is $60,000. 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 Management, LLC; Wave Function Ventures Opportunity I GP, LLC; James Gull.
- Total raised
- $1,562,000Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Aug 28, 2025
- Minimum investment
- $60,000
- 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 Management, LLC; Wave Function Ventures Opportunity I GP, LLC; James Gull
- Latest Form D
- Sep 24, 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 Opportunity I, LP
What is the minimum investment for Wave Function Ventures Opportunity I, LP?
According to its latest Form D, filed Sep 24, 2025, the minimum investment Wave Function Ventures Opportunity I, LP accepts from an outside investor is $60,000.
Who can invest in Wave Function Ventures Opportunity I, LP?
Wave Function Ventures Opportunity 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 Opportunity I, LP raised?
Wave Function Ventures Opportunity I, LP reports $1,562,000 sold from 4 investors on its Form D filed Sep 24, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Wave Function Ventures Opportunity I, LP based?
Wave Function Ventures Opportunity I, LP is based in Santa Monica, California.
When did Wave Function Ventures Opportunity I, LP launch?
Wave Function Ventures Opportunity I, LP reports its first sale in Aug 2025, 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 private equity fund
Raised more than 53% of the 1,777 private equity funds based in California, and more than 24% of all 9,142 that report sales.