Venture capital firm Wavemaker Partners today announced that it is in the process of finalising a new US$50M fund, its second for Southeast Asia and fifth overall. Wavemaker Partners has built a successful track record in Southeast Asia with 5 exits in the last 2 years including Luxola (acquired by LVMH) and Pie (acquired by Google). The new fund will invest in 80 earlystage technology startups with a strong focus on the B2B space. The firm has at least 10 portfolio companies that count Indonesia as a key market and is looking to invest more in the country. Wavemaker is also the Southeast Asia representative of the Draper Venture Network (DVN).
Source: Media Release