Wavemaker, one of the early Singapore venture firms focused on business-to-business startups, has invested in more than 130 companies since 2012. About 100 are enterprise-related ventures, while the rest are working on scientific discoveries and engineering advancements. So far, Wavemaker has had 11 exits.
(July 15): Wavemaker Partners LLC, an early-stage venture capital firm, has closed its third investment fund for Southeast Asia at US$111 million ($154.6 million).
The Singapore-based firm exceeded its initial target of US$100 million, drawing new investor Concentric Equity Partners along with existing backers including Temasek Holdings Pte, Pavilion Capital, International Finance Corp. and Vulcan Capital.
