Wavemaker Partners

Huge congratulations to Wavemaker Impact on the launch of their latest venture, Numat PH! 🇵🇭 Led by CEO Mark Sebastian and based in the #Philippines, Numat is on a mission to transform #bamboo processing with a sustainable approach. We’re excited to see Numat harness bamboo’s potential to reduce #carbon emissions and help fight #climate change.🌏 🌳 Learn more: https://lnkd.in/gDBMfQq7

We’re thrilled to have contributed to Enterprise Singapore’s Singapore Venture Funding Landscape 2024 report powered by PitchBook. The nine-month report dives deep into the latest trends and outlook of #VC funding in #Singapore.🇸🇬 Our General Partner, Andy Hwang, shared his perspective on: the latest trends in Singapore’s #funding landscape, as well as #deeptech; challenges and opportunities in the market; future predictions and how Wavemaker is adapting to the current downturn while still seeing strong deal flow. Big thanks to the teams at Enterprise Singapore and Pitchbook for this opportunity to collaborate.🤝 📚 Explore the full report here: https://lnkd.in/g2dqdEWJ #WavemakerPartners #startups

🎉 Congratulations to our portfolio company, Bifrost AI, for successfully raising its US$8M Series A! Led by Carbide Ventures, the round brings Bifrost’s total capital raised to US$13.7M. We are thrilled to participate in this funding round along with Airbus Ventures, Peak XV Partners’s Surge, MD One Ventures, and Techstars. 🖥 Founded by Charles Wong and Aravind Kandiah, Bifrost is a Generative 3D Data platform which provides #AI training data and #3D simulations. Its physically accurate data generation engine provides the vast real-world scenarios crucial in rapidly training, testing and adapting models in AI and Robotics. 🤖 Read more: https://lnkd.in/gqjEZRKZ #Bifrost #Wavemakers #startup #tech

📌 Please save the date! Our Managing Partner, B. Paul Santos, will speak on the “Building the Next Deep Tech Revolution” panel at SWITCH 2024 on Wednesday, 30 October 2024, from 10:40 AM to 11:20 AM at the Sands Expo and Convention Centre in Singapore. 🇸🇬 The panel will explore recent advancements and key innovations in #deeptech globally, the challenges of financing and scaling these innovations from prototype to market, and insights into emerging technologies poised to disrupt industries. Moderated by Xinyi Tow, Managing Director of Hello Tomorrow Asia Pacific, Paul will share his insights on venture building and investments alongside other notable panelists: ▪ Christian Theriault, Partner at Material Impact ▪ Wen H. Hsieh, Ph.D., Founding Managing Partner at Matter Venture Partners. 🎤 Additionally, Paul will participate as a judge at the SLINGSHOT 2024 Grand Finals, which will also be held on 30 October 2024 at the Sands Expo and Convention Centre. 🌊 We look forward to seeing you there! Singapore Week of Innovation and Technology (SWITCH) is the leading startup festival where global tech and business leaders gather to ignite collaboration and drive innovation. Taking place from 28 to 30 October 2024 at the Sands Expo & Convention Centre, Singapore, guests will explore themes such as AI applications across industries, climate-tech innovations, and growth opportunities for startups. SLINGSHOT is a global #startup competition organised by Enterprise Singapore that provides promising startups a platform to showcase their technology and business ideas, gain early exposure, and secure deals with investors, corporates, industry leaders, mentors, and tech-savvy early adopters. For more information, please visit: https://2024.switchsg.org/ #SWITCH2024 #WavemakerPartners #Wavemakers #vc #climatetech

Tune in to the upcoming CNA documentary on October 25 at 7.30PM, featuring our portfolio company, VFlowTech! ⚡ VFlowTech has created a novel #energy storage system that's transforming life for residents on Pulau Ubin, Singapore 🇸🇬. The documentary dives into how VFlowTech is addressing #climate challenges with its unique technology, sharing their journey of launching the company, overcoming challenges, and pursuing ambitious plans for growth and commercialisation. Don’t miss it! #VFlowTech #Wavemakers #WavemakerPartners #climatetech

Hope you can join us! Our Investment Principal Phuong Tran will be moderating a panel on 'The Path to Profitable Growth' at the Endeavor Vietnam Scale-Up Forum 2024.🇻🇳 The discussion will explore #investment and #business trends, especially in today's unpredictable markets, and how to achieve strong, sustainable growth. Phuong will be joined by a group of experts, including: ▪ Dr. Lê Anh Tuấn, Chief Investment Officer at Dragon Capital ▪ Mr. Trần Hùng Huy, Chairman of ACB ▪ Mr. Phan Minh Tâm, Chairman & CEO of STI Holdings ▪ Mr. Tạ Sơn Tùng, Founder & Chairman of Rikkeisoft 📅 Don’t miss out on this event happening on October 24 at JW Marriott Hotel & Suites Saigon, Vietnam. Register here: https://lnkd.in/gU673zBB (Note: Registration is subject to approval by the host) #Endeavor #EndeavorVietnam #ScaleUpForum #WavemakerPartners #Wavemakers #sustainablegrowth

Last week, our Partners, B. Paul Santos and Andy Hwang, along with our Indonesia-based Investments team (Junius Said and Kelvin Sutedja), flew to Ho Chi Minh City 🇻🇳 to visit our Vietnam team (Phuong Tran and Chris Le) and our #founders based there. We kicked off with visits to our Vietnamese portfolio companies, and wrapped up with a memorable founders’ dinner. During dinner, our partners led an engaging, light-hearted yet insightful sharing session, where our founders exchanged valuable experiences and explored potential #synergies. 🤝 🌟 A huge thank you to our portfolio companies for making this trip such a meaningful one: 🏬 Vigo Retail – A B2B marketplace connecting traditional retailers with FMCG brands, distributors, and wholesalers. 💊 Medici (Vietnam) – A startup providing accessible and affordable healthcare and wellnesses products and services. 🏦 MFast – A financial platform utilising a network of agents to offer a range of financial services in rural Vietnam. 🏍 Dat Bike – Manufacturer of high-performance electric motorbikes. 📱 CNV – Provider of a comprehensive Customer Data Platform and loyalty SaaS products to drive sales and customer engagement. 👨🏻🌾 FoodMap – An agritech company connecting farmers and agricultural producers with consumers. 👩🏻💻 MindX Technology School – A coding school chain building a comprehensive ecosystem for tech talent in Vietnam. ✏ Resonance Tech - A company that empowers Southeast Asian small and medium businesses with AI solutions. We’re already looking forward to our next visit and hope to meet more founders who are building the next wave of innovation in Vietnam! 🌊 #Wavemakers #WavemakerPartners #startups #SoutheastAsia

🎉 Congratulations to our #cybersecurity portfolio company watchTowr for successfully raising their US$19 million Series A! Led by Peak XV Partners, with repeat participation from Prosus Ventures and Cercano, the funds will fuel watchTowr’s market and team expansion. 💵 This latest #investment brings watchTowr’s total raised funding to US$29 million. Wavemaker Partners led its Seed funding and participated in Pre-Series A in 2022. 👨🏻💻 Founded by hacker-turned-entrepreneur Benjamin Harris, watchTowr helps companies strengthen their cybersecurity defense and processes. watchTowr’s attack surface management solution provides companies with real-time and continuous visibility of their digital vulnerabilities.🔍 Over the past year, watchTowr has seen significant adoption from critical infrastructure and Fortune 500 companies looking to strengthen their security measures.🛡 In addition to the funding, watchTowr also welcomed former Cloudflare President of Field Operations & Chief Revenue Officer Chris Merritt to its board of directors to help guide its global growth.🌏 Today, Chris serves as an Operating Partner at Peak XV.

Here are key takeaways from our Managing Partner B. Paul Santos in his recent interview with ABS-CBN News Channel in the Philippines, following our VC Deal of the Year win at the 2024 Singapore Venture & Private Capital Association Awards. 📌 Wavemaker’s VC Deal of the Year for Lhoopa’s $80M funding round marks our third win in the last four years.🌟 While there’s no magic formula for spotting scalable, defensible opportunities, he said certain factors stand out: a strong team, a significant & compelling problem, a product/service that is 10x better than alternatives, and favourable unit economics. For Wavemaker, it’s not about chasing trends but finding opportunities others might overlook.🔍 📌 Which brings us to Lhoopa, our portfolio company tackling the massive shortage of affordable homes in the Philippines.🏠🇵🇭 There’s a backlog of 6M+ homes in the country, and Lhoopa has developed a mix of advanced tech and process to build and sell low-cost homes at scale, giving more Filipinos a shot at homeownership. It’s not just making a huge social impact—it has a clear path to profitability, with exciting plans to expand beyond the Philippines. 📌 Despite the funding winter, Wavemaker’s portfolio in Enterprise, DeepTech, and Sustainability has proven resilient.❄️ Our companies have focused on building sustainable, defensible businesses that create real value overtime, not just fast growth for the sake of it. The funding winter has brought about a flight to quality investments, highlighting a return to fundamentals. 📌 Paul remains optimistic about Southeast Asia’s growth prospects, expecting the region to continue providing fertile ground for #startups and #VC investments in the coming years.🌏 Watch the full interview below! 📺 #VentureCapital #Startups #Innovation #WavemakerPartners #Enterprise #DeepTech #Sustainability #Lhoopa #Affordablehousing #SVCA #VCDealoftheYear #SVCAAwards https://lnkd.in/gTHShr77

Thank you Plexal and the CyberSG TIG Collaboration Centre for inviting our Investments Principal Joel Ang at the recent #CyberBoost Catalyse programme launch in Singapore. Speaking on a panel, Joel shared some useful points for #startups💡: 📌 Clarity is crucial when explaining how your solution solves problems for enterprises and impacts their operations, especially in #cybersecurity, where the market is full of buzzwords. 📌 It’s not just about having the best tech—it’s about adoption. A deep understanding of customer needs and pain points is essential to speaking their language and effectively addressing their challenges. Supported by Cyber Security Agency of Singapore (CSA) and National University of Singapore, CyberBoost Catalyse is helping 10 of the most promising cyber startups to supercharge their global expansion plans from Singapore. 🇸🇬🌏