Wave Capital nears new target of $60 mln with maiden venture fund


Wave Capital has raised $53.2 million toward a $60 million maiden venture fund, according to a regulatory filing. The latest filing is an  increase of the total offering amount for the fund, which was $35 million, according to a previous filing in February 2018.

The fund is led by David Rosenthal, a former principal at Madrona Venture Group; Riley Newman, the former head of data science at Airbnb; and Sara Adler, who left her role as head of corporate development at Airbnb in March to join the firm.

The new filing lists 38 investors.

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