NOVAWAVE Fund I, LP is a venture capital fund based in Menlo Park, California. According to its most recent Form D, filed Sep 12, 2025, it has sold $80,000,000 of interests to 3 investors since its first sale in Sep 2024. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Ali Diallo; NOVAWAVE Capital, LLC; NOVAWAVE Fund I GP, LLC.
- Total raised
- $80,000,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Sep 18, 2024
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Ali Diallo; NOVAWAVE Capital, LLC; NOVAWAVE Fund I GP, LLC
- Latest Form D
- Sep 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 NOVAWAVE Fund I, LP
What is the minimum investment for NOVAWAVE Fund I, LP?
NOVAWAVE Fund I, LP's latest Form D, filed Sep 12, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in NOVAWAVE Fund I, LP?
NOVAWAVE Fund I, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has NOVAWAVE Fund I, LP raised?
NOVAWAVE Fund I, LP reports $80,000,000 sold from 3 investors on its Form D filed Sep 12, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is NOVAWAVE Fund I, LP based?
NOVAWAVE Fund I, LP is based in Menlo Park, California and is managed by Novawave Capital.
When did NOVAWAVE Fund I, LP launch?
NOVAWAVE Fund I, LP reports its first sale in Sep 2024.
Size compared with every venture capital fund
Raised more than 93% of the 2,268 venture capital funds based in California, and more than 97% of all 15,160 that report sales.