Wave Capital raises $31.5 mln for maiden venture capital fund

Wave Capital has raised $31.5 million toward a $35 million maiden venture capital fund, according to a filing with the SEC.

The fund is being managed by David Rosenthal, a former principal at Madrona Venture Group, and Riley Newman, formerly with Airbnb. Twenty-eight LPs are participating.

The filing can be found here.

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