NovaWave Capital

Venture Capital

NovaWave Capital is a Palo Alto/Menlo Park-based venture capital firm and registered investment adviser (RIA) created to support businesses under LG Electronics' North America Innovation Center (LG NOVA). The firm invests in high-growth companies in AI, energy, and digital health, with a focus on delivering measurable economic and industrial impact.

Menlo Park, United States · 1+ investments · 1 portfolio companies

Seed
Early Stage
Artificial Intelligence
Digital Health
Energy
Fintech
SaaS
Headquarters
Menlo Park, United States
AUM
$90.0M
Portfolio Company
1
Total Investment
1
Last Investment
Mar 2026
Geographic Focus
Gulf Region, Middle East and North Africa, United States

Investment Thesis

Invests in early-stage high-growth companies in AI, next-generation energy, and digital health. Supported by anchor LP LG Electronics, the fund provides portfolio companies with strategic commercialization pathways, incubation resources via the WaveX AI venture studio, and regional acceleration partnerships across West Virginia, Nevada, and Arizona. Bridges Silicon Valley innovation with fast-growing regional and international ecosystems.

NovaWave Capital is a Venture Capital firm based in Menlo Park, United States. It has made 1 investment in Artificial Intelligence and Digital Health, including PADO AI Orchestration, Inc..

Portfolio1

Investment History

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