Wavemaker Partners

Wavemaker Partners is an early-stage venture capital firm founded in 2003 dual-headquartered in Los Angeles and Singapore. We have over $265M in assets under management, have invested in over 300 portfolio companies, and have consistently delivered top quartile returns to our investors. Wavemaker is the regional partner for Southern California and Southeast Asia of the Draper Venture Network (DVN), the world's leading VC collective comprising of 10 firms across 5 continents.

Joel Ang

Principal, Investment

Mac Hong

Principal, Finance

Mikal Hussain

Associate

Andy Hwang

General Partner

Mikal Khoso

Investor

Gavin Lee

General Partner

Doug Parker

Venture Partner

David Siemer

Co-Founder and Managing Partner

John-Marshall Stubbs

Associate

Ajay Taunk

Senior Investment Associate

Phuong Tran

Principal, Investment

Past deals in Indonesia

Fit Hub Indonesia

Series A in 2024
Fit Hub Indonesia is a health & wellness startup in Indonesia.

Gapai

Seed Round in 2024
Gapai develops a platform that connects Indonesian workers with international job opportunities. It offers end-to-end training and recruitment solutions, involving potential migrant workers, training institutions, placement companies, and global recruiters.

Fit Hub Indonesia

Seed Round in 2023
Fit Hub Indonesia is a health & wellness startup in Indonesia.

Pitik

Series A in 2022
Pitik is an agri-tech startup that empowers chicken farmers in Indonesia with advanced technology. Its farm management system combines IoT, algorithms, and digital assistants to boost productivity, enhance welfare, and facilitate competitive sales.

Credibook

Series A in 2022
Credibook is a startup focused on assisting Indonesian retail wholesalers in managing their financial operations through digital solutions. It offers a digital debt logbook application that enables users to efficiently track accounts payable and receivable, personal debts, and credit management. The platform simplifies the financial process by allowing clients to record customer debts and send reminders for overdue payments. By digitizing the supply chain between wholesale and retail, Credibook enhances inventory sourcing efficiency and supports business owners in managing their operations effectively. The company aims to expand its reach across Indonesia and into various business sectors.

Pitik

Seed Round in 2021
Pitik is an agri-tech startup that empowers chicken farmers in Indonesia with advanced technology. Its farm management system combines IoT, algorithms, and digital assistants to boost productivity, enhance welfare, and facilitate competitive sales.

ZuBlu

Funding Round in 2021
ZuBlu Ltd. is a travel platform based in Wan Chai, Hong Kong, that specializes in scuba diving and underwater adventure travel in Asia. Established in 2017, the company offers a comprehensive service that allows users to search, compare, and book experiences at over 600 eco-friendly resorts and liveaboards across popular diving destinations such as Indonesia, Malaysia, the Maldives, the Pacific, the Philippines, the Red Sea, and Thailand. ZuBlu provides detailed travel information about diverse marine life, including rays, sharks, and turtles, as well as options for learning to dive and engaging in underwater photography. The platform aims to simplify the planning process for dive holidays by offering a user-friendly interface and access to knowledgeable travel experts who assist customers in finding their ideal diving experiences.

Credibook

Seed Round in 2021
Credibook is a startup focused on assisting Indonesian retail wholesalers in managing their financial operations through digital solutions. It offers a digital debt logbook application that enables users to efficiently track accounts payable and receivable, personal debts, and credit management. The platform simplifies the financial process by allowing clients to record customer debts and send reminders for overdue payments. By digitizing the supply chain between wholesale and retail, Credibook enhances inventory sourcing efficiency and supports business owners in managing their operations effectively. The company aims to expand its reach across Indonesia and into various business sectors.

SourceSage

Venture Round in 2020
SourceSage is a B2B marketplace aggregator founded by Sim Jian Min, who recognized significant inefficiencies in the outsourcing industry while observing his father's business. Established in Singapore in 2015, the company aims to streamline long-tail spending, an area often overlooked in procurement. By leveraging Big Data analytics, SourceSage offers a proprietary platform that allows companies to access millions of e-commerce products and services from various global and local marketplaces, making the purchasing process more efficient and hassle-free for employees. With a presence in ten countries across the Asia-Pacific region, including Malaysia, Vietnam, India, Thailand, Indonesia, China, Australia, and Japan, SourceSage serves clients such as DHL, Certis, and Mitsui, positioning itself as a leader in managed marketplace solutions for businesses seeking to optimize their procurement processes.

ZuBlu

Seed Round in 2020
ZuBlu Ltd. is a travel platform based in Wan Chai, Hong Kong, that specializes in scuba diving and underwater adventure travel in Asia. Established in 2017, the company offers a comprehensive service that allows users to search, compare, and book experiences at over 600 eco-friendly resorts and liveaboards across popular diving destinations such as Indonesia, Malaysia, the Maldives, the Pacific, the Philippines, the Red Sea, and Thailand. ZuBlu provides detailed travel information about diverse marine life, including rays, sharks, and turtles, as well as options for learning to dive and engaging in underwater photography. The platform aims to simplify the planning process for dive holidays by offering a user-friendly interface and access to knowledgeable travel experts who assist customers in finding their ideal diving experiences.

Sprout Solutions

Series A in 2019
Sprout is a technology company specializing in payroll and HR software for emerging markets. It automates timekeeping and attendance using biometrics, simplifies processing with single-click functionality, and employs prescriptive analytics. Sprout has a strong presence in the Philippines and is expanding into Singapore and Indonesia.

Sprout Solutions

Seed Round in 2018
Sprout is a technology company specializing in payroll and HR software for emerging markets. It automates timekeeping and attendance using biometrics, simplifies processing with single-click functionality, and employs prescriptive analytics. Sprout has a strong presence in the Philippines and is expanding into Singapore and Indonesia.

Sprout Solutions

Seed Round in 2017
Sprout is a technology company specializing in payroll and HR software for emerging markets. It automates timekeeping and attendance using biometrics, simplifies processing with single-click functionality, and employs prescriptive analytics. Sprout has a strong presence in the Philippines and is expanding into Singapore and Indonesia.

Snapcart

Series A in 2017
Snapcart is an Indonesian shopper engagement platform that rewards consumers for scanning and submitting purchase receipts with cashback and other incentives. The app collects receipt data to provide brands and retailers with real-time insights into consumer behavior, enabling more accurate measurement and personalized engagement. By leveraging receipts and crowd-sourced data, Snapcart helps brands connect with shoppers and tailor offers to drive brand engagement and sales. The company is backed by Ardent Capital.

WoBe

Venture Round in 2017
WoBe is a fintech startup that enables low-income women in emerging markets like Indonesia and Myanmar to start small businesses via its mobile app. Users can resell digital goods such as phone airtime, generating additional income. WoBe partners with global telecommunications giant Ooredoo to facilitate this service.

Snapcart

Seed Round in 2017
Snapcart is an Indonesian shopper engagement platform that rewards consumers for scanning and submitting purchase receipts with cashback and other incentives. The app collects receipt data to provide brands and retailers with real-time insights into consumer behavior, enabling more accurate measurement and personalized engagement. By leveraging receipts and crowd-sourced data, Snapcart helps brands connect with shoppers and tailor offers to drive brand engagement and sales. The company is backed by Ardent Capital.

WoBe

Venture Round in 2017
WoBe is a fintech startup that enables low-income women in emerging markets like Indonesia and Myanmar to start small businesses via its mobile app. Users can resell digital goods such as phone airtime, generating additional income. WoBe partners with global telecommunications giant Ooredoo to facilitate this service.

SourceSage

Venture Round in 2017
SourceSage is a B2B marketplace aggregator founded by Sim Jian Min, who recognized significant inefficiencies in the outsourcing industry while observing his father's business. Established in Singapore in 2015, the company aims to streamline long-tail spending, an area often overlooked in procurement. By leveraging Big Data analytics, SourceSage offers a proprietary platform that allows companies to access millions of e-commerce products and services from various global and local marketplaces, making the purchasing process more efficient and hassle-free for employees. With a presence in ten countries across the Asia-Pacific region, including Malaysia, Vietnam, India, Thailand, Indonesia, China, Australia, and Japan, SourceSage serves clients such as DHL, Certis, and Mitsui, positioning itself as a leader in managed marketplace solutions for businesses seeking to optimize their procurement processes.

WoBe

Seed Round in 2016
WoBe is a fintech startup that enables low-income women in emerging markets like Indonesia and Myanmar to start small businesses via its mobile app. Users can resell digital goods such as phone airtime, generating additional income. WoBe partners with global telecommunications giant Ooredoo to facilitate this service.

Snapcart

Seed Round in 2016
Snapcart is an Indonesian shopper engagement platform that rewards consumers for scanning and submitting purchase receipts with cashback and other incentives. The app collects receipt data to provide brands and retailers with real-time insights into consumer behavior, enabling more accurate measurement and personalized engagement. By leveraging receipts and crowd-sourced data, Snapcart helps brands connect with shoppers and tailor offers to drive brand engagement and sales. The company is backed by Ardent Capital.

SourceSage

Seed Round in 2016
SourceSage is a B2B marketplace aggregator founded by Sim Jian Min, who recognized significant inefficiencies in the outsourcing industry while observing his father's business. Established in Singapore in 2015, the company aims to streamline long-tail spending, an area often overlooked in procurement. By leveraging Big Data analytics, SourceSage offers a proprietary platform that allows companies to access millions of e-commerce products and services from various global and local marketplaces, making the purchasing process more efficient and hassle-free for employees. With a presence in ten countries across the Asia-Pacific region, including Malaysia, Vietnam, India, Thailand, Indonesia, China, Australia, and Japan, SourceSage serves clients such as DHL, Certis, and Mitsui, positioning itself as a leader in managed marketplace solutions for businesses seeking to optimize their procurement processes.

Gushcloud International

Seed Round in 2015
Gushcloud International is a global digital talent management company focused on influencer marketing, entertainment, and commerce. With close to 300 employees across 11 offices worldwide, the company connects brands with influencers and content creators through representation, brand strategy, media production, and live commerce services.
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