SANTA MONICA, Calif. — Wedbush Ventures, an early stage venture fund, launches to invest in next generation industry defining companies. Seeded by Wedbush Capital and founded by technology product developer and entrepreneur, Petra Griffith, Wedbush Ventures brings early stage operational expertise, and long-term support to companies which transform their industries.
Managing Director Petra Griffith founded and launched Wedbush Ventures as an avenue to provide seed capital to companies that have a unique perspective in redefining industries and solving larger market problems. Her past leadership with product, strategy, marketing, and operations teams include startup organizations and established organizations including Netflix, Yahoo!, and 24 Hour Fitness. Petra has a history of being on teams that built many firsts; the first online printing software, one of the first fitness wearables, the first native ads, and ushered a bank into the age of technology. This experience not only allows her to spot and understand product market fit, but also provides a finely tuned disciplined approach to sourcing early-stage investing opportunities.
“This is a momentous time in innovation. I’m excited to bring my product and operational lens to provide seed capital to accelerate the trajectory of transformational companies looking to change the way we live and do business,” Griffith said. “Wedbush Capital is a great partner not only for providing the seed capital, but also for helping me with the infrastructure to launch so that I can focus on making investments right away. Access to their research and investment banking colleagues provides even more tools to help the companies we invest in.”
Eric Wedbush, CEO of Wedbush Capital, said, “Wedbush Ventures is an exciting and natural extension of our business model, which is to back talented executives, like Petra, who are actively investing in great people and companies. Petra’s early-stage focus will be able to leverage many of the unique assets we have, including our Wedbush Securities colleagues’ expertise, connections and market intelligence that span a diverse group of industries, including digital media, enterprise software, fintech and healthcare through their Capital Markets and Research Groups.