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AZ Tech Beat | December 9, 2019

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Tallwave Capital raises $13.51M to commercialize new ventures

Tallwave Capital raises $13.51M to commercialize new ventures
Ryan Loebe

Tallwave Capital, a commercializer, announced today the closing of a $13.5M Tallwave Commercialization Fund I. This seed fund is focused exclusively on investing in startups in SaaS, mobile, digital media, ad tech and eCommerce.

Investments can range from $125K to $400K in early-stage differentiated consumer and enterprise focused businesses in most industry vertical markets.

Greg Lehmann

Greg Lehmann

“This is an exciting time for Arizona’s entrepreneurial ecosystem,” said Jeffrey Pruitt, CEO of Tallwave LLC and Managing Partner, Tallwave Capital. “We look forward to working closely with Arizona’s strong angel groups and the startup community to drive innovation and a return for investors entrepreneurs, and in turn Arizona.”

Greg Lehmann, Principal, Tallwave Capital comments on the fund, “Investing is no longer just about funding and board seats. Having an investment team and group of advisors with real operational experience and a track record enables us to take an active role in supporting and guiding early stage companies as they navigate the daily challenges of building and growing a business.”

Related: Tallwave Capital invests over $500K in startups and competitions 

The Tallwave Commercialization Fund I advisor network is a collection of investors, entrepreneurs, and technologists including:

Jeff Pruitt-1

Jeff Pruitt

Jeff Pruitt, Tallwave; Craig Barrett, Investor; Todd Belfer, Canal Partners; Mike Cowley, Strategic Capital Management; David Holthe, Inlign Capital Partners; Jon Kaiden, Sopris Capital; Allan Kaplan, KG Investments; Mario Martinez II, MRTNZ Ventures; Andy Paul, Sopris Capital; Bill Rinehart, Investor.

Allan Kaplan, Tallwave Commercialization Fund I Investment Committee member and managing partner of KG Investments said, “I’ve been a tech entrepreneur and investor for 20 years and the momentum and enthusiasm from both the investment and entrepreneurial community in Arizona is encouraging.”

Click here for AZTB’s past coverage of Tallwave Capital