Singapore VC Wavemaker Makes $30M First Close on ASEA Growth Fund

Wavemaker Partners announced the $30M closing of its inaugural Wavemaker Growth Opportunities Fund I, coinciding with the firm’s strategic rebranding.

The firm said the rebranding will bring together its three fund strategies – Wavemaker Ventures, Wavemaker Impact, and the newly launched Wavemaker Growth – under a single platform. The structure will enable it to provide support to Southeast Asian startups from co-founding to Series B and above. 

Growth Opportunities Fund I has a target size of $60M and a hard cap of $100M. It will primarily invest in eight to 12 Wavemaker portfolio companies with individual investments of $4M to $8M.

Source: https://wavemakerpartners.com/wavemaker-partners-announces-us30-million-first-close-of-growth-opportunities-fund-with-us60m-target-to-accelerate-series-b-above-investments-in-southeast-asia/