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Wave Function Ventures is a venture capital firm founded by Jamie Gull, a former engineer at SpaceX, to support early-stage founders in the deep tech sector. Established with a focus on impactful technologies, the firm aims to advance humanity through technological abundance. The firm closed its first fund, Wave Function Ventures Fund I, at $15 million in October 2025, targeting investments in critical infrastructure sectors such as aerospace, defense, energy, and robotics.
Located in the United States, Wave Function Ventures operates with a small team led by Jamie Gull, who brings a wealth of experience from his background in aerospace engineering and hardware development. The firm has a target portfolio of approximately 25 companies, having already made 9 investments as of the fund's closing. The firm’s LP base includes founders, engineers, high-net-worth individuals, funds of funds, and large family offices, indicating a strong alignment with deep tech interests.
Wave Function Ventures has positioned itself as a key player in the growing deep tech investment landscape, characterized by its hands-on approach and commitment to supporting founders from the earliest stages of their ventures. The firm’s notable milestones include its rapid deployment of capital and the establishment of a reputation for backing innovative technologies that address significant global challenges.
Wave Function Ventures invests primarily in early-stage companies within the deep tech sector, specifically targeting aerospace, defense, energy, and robotics. The firm is open to supporting founders at the pre-seed and seed stages, including those with just an idea. This approach allows Wave Function Ventures to engage with entrepreneurs at the inception of their ventures, helping them shape rough ideas into compelling product plans.
The firm’s investment strategy emphasizes critical infrastructure sectors where technical depth is essential. Jamie Gull, the founder and general partner, leverages his extensive operational background to guide portfolio companies through the complexities of product development and market entry. Wave Function Ventures aims to make a significant impact by investing in technologies that can transform industries and improve lives.
In addition to financial support, the firm connects its portfolio companies with a network of top-tier firms for follow-on funding, enhancing their chances of success in the competitive deep tech landscape. This collaborative approach is designed to foster innovation and drive advancements in the sectors they focus on.
Wave Function Ventures has made 9 investments in notable companies within the deep tech sector. The portfolio includes:
This diverse portfolio reflects Wave Function Ventures' commitment to investing in technologies that have the potential to create significant societal impact.
Jamie Gull - Founder and General Partner. Jamie holds a Master’s degree in Aeronautics from Stanford University, obtained in 2007. He has a notable background as a former engineer at SpaceX, where he played a key role in the Falcon 9 reentry project. Prior to SpaceX, Jamie worked at Scaled Composites, where he designed and built aircraft. He co-founded Talyn Air, a deep tech company that was a Y Combinator alum and achieved a successful exit. Jamie's experience spans hardware building, company founding, venture capital fundraising, and Department of Defense contracts.
To pitch Wave Function Ventures, founders should submit their proposals through the firm's website at wavefunction.vc. The pitch deck should include a clear overview of the business model, market opportunity, and technical details of the product. Founders are encouraged to highlight their team's expertise and any traction they have achieved.
While specific response time expectations are not disclosed, founders can anticipate a thorough review process given the firm's commitment to supporting early-stage ventures. A warm introduction is beneficial but not mandatory, as the firm is open to evaluating pitches from a variety of sources.
In October 2025, Wave Function Ventures announced the final close of its first fund, Wave Function Ventures Fund I, at $15 million. This fund is focused on early-stage investments in deep tech sectors, including aerospace, defense, energy, and robotics. As of the fund's closing, Wave Function Ventures had already made 9 investments across its target sectors, with portfolio companies attracting follow-on funding from top-tier firms.
The firm has received extensive media coverage, including features in TechCrunch, Venture Capital Journal, and PR Newswire, highlighting its commitment to supporting innovative technologies that address significant global challenges. Jamie Gull's background as a former SpaceX engineer has been a focal point in discussions about the firm's unique approach to investing in deep tech.
What are Wave Function Ventures' investment criteria?
Wave Function Ventures focuses on early-stage deep tech companies in sectors such as aerospace, defense, energy, and robotics. The firm is particularly interested in ventures that address critical infrastructure challenges and demonstrate technical depth.
How can founders apply or pitch to Wave Function Ventures?
Founders can pitch their ideas through the firm's website at wavefunction.vc. It is advisable to include a clear outline of the business model, market potential, and technical aspects of the product in the pitch deck.
What makes Wave Function Ventures different from other VC firms?
Wave Function Ventures is distinguished by its founder's extensive operational background in aerospace and hardware, which allows for a hands-on approach in guiding portfolio companies. The firm also invests at the pre-incorporation stage, which is less common among venture capital firms.
What is the geographic scope of Wave Function Ventures' investments?
The firm primarily invests in the United States but is open to opportunities globally, particularly in regions with strong deep tech ecosystems.
What is the typical check size for investments?
While specific check sizes are not disclosed, Wave Function Ventures targets early-stage investments, which typically range from pre-seed to seed funding levels.
What kind of post-investment involvement can portfolio companies expect?
Wave Function Ventures provides operational support, mentorship, and access to a network of top-tier firms for follow-on funding, helping portfolio companies navigate their growth journey.
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