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Next Wave Ventures is a venture capital firm with no management fees that was founded by Alicia Robb in 2010, and is headquartered in Carlsbad, California. The firm specializes in making investments in early stage companies developing and commercializing advanced technologies. Next Wave Ventures helps form new technology companies around patents coming out of universities which were developed without government funding. The firm makes seed investments between $500,000 to $1,500,000, series A investments between $1,000,000 to $4,000,000, and series B investments between $5,000,000 to $7,000,000.