New Deep Tech Fund Wave Function Raises $15M for Moonshot Ventures

Wave Function Ventures, a newly launched deep tech fund, has closed $15.1 million in its first round to back ambitious startups tackling areas like aerospace, robotics, and advanced energy.

Founded by Jamie Gull, a former aerospace engineer and investor, the fund plans to deploy capital across seed and pre-seed rounds, targeting innovations that require long development cycles and capital-intensive research. Its early bets already span nuclear tech, humanoid robotics, and next-gen aerospace.

In an era where software gets most of the attention, Wave Function’s launch signals growing interest in “hard tech” — investments that combine deep science with high risk but potentially outsized rewards. The fund’s patient approach could help bridge the gap between visionary ideas and real-world breakthroughs.