NovaWave Capital

NovaWave Capital is a Palo Alto-based venture capital firm and registered investment adviser that strategically scales high-growth technology companies. It achieves this by providing targeted incubation resources and commercial acceleration opportunities. The firm concentrates its efforts on critical sectors including artificial intelligence, energy, and health, leveraging a robust partnership model as a core part of its investment thesis.

Founded in 2024 by Tonton Ali Diallo, who serves as the firm's Founding Managing Partner and also established Aurion Capital, NovaWave Capital emerged from a clear strategic insight. Diallo conceived the firm to actively support nascent businesses originating from LG Electronics' North America Innovation Center, LG NOVA, laying the groundwork for its collaborative approach within the broader venture ecosystem.

NovaWave Capital partners with founders building technology in its focus sectors, working closely with LG Electronics, LG NOVA, and state entities in regions such as West Virginia and Nevada. The firm’s overarching vision is to foster the development of impactful technology companies that deliver substantial economic and industrial benefits, advancing innovations that are both globally competitive and deeply integrated with regional ecosystems.