Wave II, L.P.
Wave II, L.P. is a venture capital fund based in San Francisco, California. According to its most recent Form D, filed May 16, 2023, it has sold $54,300,000 of interests to 26 investors since its first sale in Oct 2021. 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(b), which does not permit general solicitation. Related persons named in the filing include Sara Adler; Riley Newman.
- Total raised
- $54,300,000Cumulative sales reported on Form D
- Investors
- 26
- First sale
- Oct 15, 2021
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Sara Adler; Riley Newman
- Latest Form D
- May 16, 2023
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 II, L.P.
What is the minimum investment for Wave II, L.P.?
Wave II, L.P.'s latest Form D, filed May 16, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Wave II, L.P.?
Wave II, L.P. 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(b), which does not allow general advertising.
How much has Wave II, L.P. raised?
Wave II, L.P. reports $54,300,000 sold from 26 investors on its Form D filed May 16, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Wave II, L.P. based?
Wave II, L.P. is based in San Francisco, California.
When did Wave II, L.P. launch?
Wave II, L.P. reports its first sale in Oct 2021.
Size compared with every venture capital fund
Raised more than 91% of the 2,215 venture capital funds based in California, and more than 96% of all 14,820 that report sales.