# Wave Function Ventures: portfolio, investments and team > Wave Function Ventures is a vc firm based in United States. 2 investments on record, 2 in the last 12 months, latest Nov 2026. Source: https://millionrounds.com/fund/wave-function-ventures (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Wave Function Ventures Last cheque observed Nov 2026; 2 cheques on record. Email VC firm Deploying now New fund $540K, May 2026 Pre-seed Seed Aerospace Defense Energy Follow Wave Function Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fwave-function-ventures) Deploying now **100%** of best year **2** **cheques in 12 months**, 2 on record Since the last cheque **3** days **00** hrs **00** min **00** sec Median round **$24M** Rounds led **0 of 2** Pitch Wave Function Ventures ## Wave Function Ventures highlights - 01 2 cheques in the last 12 months - 02 Mostly Pre-seed: 100% of its rounds ## What they do > Wave Function Ventures invests in early stage hardware deep tech startups. From their own website - **Type:** VC firm - **Cheque size:** Not stated - **Stages:** Pre-seed Seed - **Sectors:** Aerospace Defense Energy - **Based in:** Waunakee, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **2 appearances** - **2026** 2 rounds - **Nov** **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** GB · Financial IT **$43M** With 11 others - **Oct** **[Stellios Technologies](https://millionrounds.com/company/stellios-technologies)** Pre-seed · US · Pulse 2.0 **$5.0M** With 6 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **1 named** JG **James Gull** Managing member i Filing they signed We also hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **1** of 17 we have independently watched raise [deepfission](https://millionrounds.com/company/deep-fission) Airship-Port-Lift_edited Azora Space Bluefield Forest3 Foundry LuxA Maglut Stellios TRMC TobeEnergyH2Maker Valstad andrenam_edited fortastraArm personabotlineup solarlightning transformer Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$540K** raised in May 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Median round joined **$24M** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Nov 2026 Rounds by stage said on their site - Pre-seed said *1* - Seed said *-* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Wave Function Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Wave Function Ventures put money into. [**Lazarus AI** $43M · Nov 2026](https://millionrounds.com/company/lazarus-ai) ## Quick answers about Wave Function Ventures ### What does Wave Function Ventures invest in? Wave Function Ventures invests most often at Pre-seed (100% of the rounds on record), in sectors such as Aerospace, Defense and Energy. ### How active is Wave Function Ventures? 2 investments on record, 2 of them in the last 12 months. The most recent was in Nov 2026. ### What has Wave Function Ventures invested in recently? Its most recent investments on record: Lazarus AI (Nov 2026) and Stellios Technologies (Pre-seed, Oct 2026). ### How big are Wave Function Ventures's cheques? The median round it joins is $24M. ### Is Wave Function Ventures investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### What kind of investor is Wave Function Ventures? Wave Function Ventures is a VC firm based in Waunakee, United States. ### Has Wave Function Ventures raised a new fund? Its latest fund filing with the SEC was in May 2026, reporting $540K raised. ### Where does this information on Wave Function Ventures come from? From 6 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=wave-function-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=wave-function-ventures)