Vebu Labs

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.

Alon Goren

Venture Partner

James (Buck) Jordan

Managing Partner

Mikal Khoso

Investor

Gavin Lee

General Partner

Eric Manlunas

Founder, Managing Partner of Wavemaker US and General Partner of Wavemaker SEA

Michael Mizrahi

Principal

Paul Santos

Managing Partner

John-Marshall Stubbs

Associate

Kano Takebayashi

VP, Investments

Colin Tang

Senior Associate, Investor Relations

Adrian Vanzyl

Venture Partner

Past deals in Indonesia

Fit Hub Indonesia

Seed Round in 2023
Fit Hub Indonesia is a Health & Wellness Startup in Indonesia.

Pitik

Series A in 2022
Pitik is a modern agri-tech startup of poultry supply enabling chicken farmers with high efficienct technology.

Sirka

Seed Round in 2022
Operator of a health-tech firm intended to help people with their obesity and diabetes and improve their eating habits. The company's application connects users to dietitians for meal plan recommendations as part of a three- or six-month program where users can set their goals, diets, and any diseases that need help with diet and improve nutritional intake, enabling users to lead a healthy lifestyle.

eFishery

Series C in 2022
eFishery is automatic fish feeder for all types of fish. This tool can not only provide feed scheduled, with a dose efficient, and automatic, but also record every feed in real-time. You can access the data feed, anytime, anywhere with precision. There is no longer a problem of over-feeding, fish feeding or feed irregularly diverted. eFishery provide the best solutions, reliable, and affordable.

Pitik

Seed Round in 2021
Pitik is a modern agri-tech startup of poultry supply enabling chicken farmers with high efficienct technology.

GudangAda

Series B in 2021
GudangAda connects small mom-and-pop retailers with wholesalers. The platform empowers the FMCG supply chain by bridging a technology gap, enabling traders to become both a seller and buyer in conducting multiple transactions concurrently. This way, business are able to sell products at cheaper rates and expand their reach.

OY!

Series A in 2021
OY! is a fintech application that simplifies the management of finances. It is providing a free and easy way of transferring money directly from debit cards, viewing of bank account balances and bank statements as well as providing various financial products. The Jakarta, Jakarta Raya-based fintech company was co-founded in 2017 by Hilfi Alkaff, Jan Kristanto, and Jesayas Ferdinandus.

ZuBlu

Funding Round in 2021
ZuBlu Ltd. operates and provides dive travel platform to search, compare and book scuba diving and underwater adventure travel in Asia. The company provides travel information for underwater rays, sharks, turtles, whale sharks, also for learning to dive, beautiful reefs, macro creatures, and photography. It's travel destinations includes Indonesia, Malaysia, Maldives, Pacific, Philippines, Red Sea, and Thailand. The company was incorporated in 2017 and is based in Wan Chai, Hong Kong.

eFishery

Series B in 2020
eFishery is automatic fish feeder for all types of fish. This tool can not only provide feed scheduled, with a dose efficient, and automatic, but also record every feed in real-time. You can access the data feed, anytime, anywhere with precision. There is no longer a problem of over-feeding, fish feeding or feed irregularly diverted. eFishery provide the best solutions, reliable, and affordable.

GudangAda

Series A in 2020
GudangAda connects small mom-and-pop retailers with wholesalers. The platform empowers the FMCG supply chain by bridging a technology gap, enabling traders to become both a seller and buyer in conducting multiple transactions concurrently. This way, business are able to sell products at cheaper rates and expand their reach.

ZuBlu

Seed Round in 2020
ZuBlu Ltd. operates and provides dive travel platform to search, compare and book scuba diving and underwater adventure travel in Asia. The company provides travel information for underwater rays, sharks, turtles, whale sharks, also for learning to dive, beautiful reefs, macro creatures, and photography. It's travel destinations includes Indonesia, Malaysia, Maldives, Pacific, Philippines, Red Sea, and Thailand. The company was incorporated in 2017 and is based in Wan Chai, Hong Kong.

GudangAda

Seed Round in 2020
GudangAda connects small mom-and-pop retailers with wholesalers. The platform empowers the FMCG supply chain by bridging a technology gap, enabling traders to become both a seller and buyer in conducting multiple transactions concurrently. This way, business are able to sell products at cheaper rates and expand their reach.

OY!

Seed Round in 2020
OY! is a fintech application that simplifies the management of finances. It is providing a free and easy way of transferring money directly from debit cards, viewing of bank account balances and bank statements as well as providing various financial products. The Jakarta, Jakarta Raya-based fintech company was co-founded in 2017 by Hilfi Alkaff, Jan Kristanto, and Jesayas Ferdinandus.

Sprout Solutions

Series A in 2019
Sprout Solutions is a payroll and HR software provider that focuses on emerging markets, particularly in the Philippines, Singapore, and Indonesia. The company offers a comprehensive platform that automates various administrative tasks related to HR and payroll, replacing traditional methods such as spreadsheets and printed forms. Its services include a fully automated timekeeping and attendance system utilizing biometrics, single-click payroll processing, and prescriptive analytics. Additionally, Sprout provides a cloud-based human resource information system that consolidates recruitment operations, helping businesses streamline their HR functions and effectively address payroll, human resource, and recruitment challenges. Through its suite of backend services, Sprout Solutions aims to support companies in their growth and operational efficiency.

eFishery

Series A in 2018
eFishery is automatic fish feeder for all types of fish. This tool can not only provide feed scheduled, with a dose efficient, and automatic, but also record every feed in real-time. You can access the data feed, anytime, anywhere with precision. There is no longer a problem of over-feeding, fish feeding or feed irregularly diverted. eFishery provide the best solutions, reliable, and affordable.

Adatos A.I

Venture Round in 2018
Adatos builds and deploys elegant, prize-winning Data Intelligence solutions tailor-made for the private sector. Combining over three decades of extensive experience in Intelligence Analytic Tradecraft with advanced Deep Learning technology, Adatos delivers scale and consistent outperformance of industry benchmark metrics to valued clients in the Financial Services and Insurance industries. Our key applications lie in Customer Microsegmentation and Financial Portfolio Optimization. Adatos is a venture-backed technology company headquartered in Singapore, with a wholly-owned subsidiary in the US servicing select clients. Adatos is currently operating in Singapore, Japan, Hong Kong, Malaysia, Indonesia and the Philippines.

Arcstone

Venture Round in 2018
Arcstone Pte. Ltd. is a Singapore-based company that specializes in developing and marketing manufacturing software solutions. Founded in 2013, it offers a comprehensive platform known as the Arcstone Operations Platform (arc.ops), which integrates various data streams from IoT sensors, machines, ERPs, and workstation tablets. This platform enables manufacturers to monitor, track, visualize, and control production operations, facilitating both automated and manual processes in manufacturing, machine maintenance, and warehousing. By operationalizing data, Arcstone empowers facility managers to enhance visibility and control, leading to significant cost reductions and quality improvements across the manufacturing supply chain. The company also has a presence in India, Vietnam, and Indonesia, highlighting its regional commitment to optimizing operational efficiency.

Sprout Solutions

Seed Round in 2018
Sprout Solutions is a payroll and HR software provider that focuses on emerging markets, particularly in the Philippines, Singapore, and Indonesia. The company offers a comprehensive platform that automates various administrative tasks related to HR and payroll, replacing traditional methods such as spreadsheets and printed forms. Its services include a fully automated timekeeping and attendance system utilizing biometrics, single-click payroll processing, and prescriptive analytics. Additionally, Sprout provides a cloud-based human resource information system that consolidates recruitment operations, helping businesses streamline their HR functions and effectively address payroll, human resource, and recruitment challenges. Through its suite of backend services, Sprout Solutions aims to support companies in their growth and operational efficiency.

Workmate

Seed Round in 2017
Helpster PTE Limited owns and operates an on-demand staffing platform for workers and businesses. The company’s platform workmate helps employers to find temporary and permanent staff, including long and short term hires, and part time and full time positions; and connects people with businesses. It assists companies to find staff in the areas of food and beverage, warehouse and logistics, hospitality, customer services, cleaning, retail, data entry, and events. The company was founded in 2015 and is based in Bangkok, Thailand with additional offices in Indonesia and Singapore.

VIPDiskon

Venture Round in 2017
VIPDiskon is a cashback and coupon site.

Sprout Solutions

Seed Round in 2017
Sprout Solutions is a payroll and HR software provider that focuses on emerging markets, particularly in the Philippines, Singapore, and Indonesia. The company offers a comprehensive platform that automates various administrative tasks related to HR and payroll, replacing traditional methods such as spreadsheets and printed forms. Its services include a fully automated timekeeping and attendance system utilizing biometrics, single-click payroll processing, and prescriptive analytics. Additionally, Sprout provides a cloud-based human resource information system that consolidates recruitment operations, helping businesses streamline their HR functions and effectively address payroll, human resource, and recruitment challenges. Through its suite of backend services, Sprout Solutions aims to support companies in their growth and operational efficiency.

GIZTIX

Series A in 2017
GIZTIX Company Limited operates an online logistics marketplace that connects businesses with transporters across Asia. Founded in 2015 and based in Bangkok, Thailand, GIZTIX allows users to compare transportation prices, book shipping services for both domestic and international logistics, and manage shipments and invoices through a single platform. The service covers a wide range of destinations, including Thailand, Malaysia, Indonesia, China, Japan, Laos, Hong Kong, Vietnam, and Singapore. In addition to facilitating quick truck sourcing, GIZTIX helps fleet owners enhance their operational efficiency through its transportation management system (TMS) software. By streamlining logistics processes and leveraging data analytics, GIZTIX aims to optimize delivery speed and scalability in the trucking market.

Snapcart

Series A in 2017
Snapcart is a cashback application based in Indonesia that allows consumers to earn rewards by taking photos of their receipts. The app provides brands and retailers with real-time insights into consumer behavior, offering a more accurate measurement than traditional research methods. By incentivizing users to engage with their receipts, Snapcart helps businesses connect with shoppers on a personal level, enhancing brand engagement through crowd-sourced data. This innovative approach enables clients to build stronger relationships with consumers, ultimately driving loyalty and improving marketing strategies. Backed by Ardent Capital, Snapcart aims to transform the way brands understand and interact with their customers.

WoBe

Venture Round in 2017
WoBe delivers a brand new take on financial services to the underserved — low income women in emerging markets. Through their app, young urban and rural entrepreneurs can start small businesses: they can resell phone airtime and other digital goods to their friends and family. They've teamed up with Ooredoo, one of the largest telecommunications players in the world, to offer WoBe to low income women in Indonesia and Myanmar.

Adatos A.I

Venture Round in 2017
Adatos builds and deploys elegant, prize-winning Data Intelligence solutions tailor-made for the private sector. Combining over three decades of extensive experience in Intelligence Analytic Tradecraft with advanced Deep Learning technology, Adatos delivers scale and consistent outperformance of industry benchmark metrics to valued clients in the Financial Services and Insurance industries. Our key applications lie in Customer Microsegmentation and Financial Portfolio Optimization. Adatos is a venture-backed technology company headquartered in Singapore, with a wholly-owned subsidiary in the US servicing select clients. Adatos is currently operating in Singapore, Japan, Hong Kong, Malaysia, Indonesia and the Philippines.

Snapcart

Seed Round in 2017
Snapcart is a cashback application based in Indonesia that allows consumers to earn rewards by taking photos of their receipts. The app provides brands and retailers with real-time insights into consumer behavior, offering a more accurate measurement than traditional research methods. By incentivizing users to engage with their receipts, Snapcart helps businesses connect with shoppers on a personal level, enhancing brand engagement through crowd-sourced data. This innovative approach enables clients to build stronger relationships with consumers, ultimately driving loyalty and improving marketing strategies. Backed by Ardent Capital, Snapcart aims to transform the way brands understand and interact with their customers.

WoBe

Venture Round in 2017
WoBe delivers a brand new take on financial services to the underserved — low income women in emerging markets. Through their app, young urban and rural entrepreneurs can start small businesses: they can resell phone airtime and other digital goods to their friends and family. They've teamed up with Ooredoo, one of the largest telecommunications players in the world, to offer WoBe to low income women in Indonesia and Myanmar.

Workmate

Seed Round in 2016
Helpster PTE Limited owns and operates an on-demand staffing platform for workers and businesses. The company’s platform workmate helps employers to find temporary and permanent staff, including long and short term hires, and part time and full time positions; and connects people with businesses. It assists companies to find staff in the areas of food and beverage, warehouse and logistics, hospitality, customer services, cleaning, retail, data entry, and events. The company was founded in 2015 and is based in Bangkok, Thailand with additional offices in Indonesia and Singapore.

Snapcart

Seed Round in 2016
Snapcart is a cashback application based in Indonesia that allows consumers to earn rewards by taking photos of their receipts. The app provides brands and retailers with real-time insights into consumer behavior, offering a more accurate measurement than traditional research methods. By incentivizing users to engage with their receipts, Snapcart helps businesses connect with shoppers on a personal level, enhancing brand engagement through crowd-sourced data. This innovative approach enables clients to build stronger relationships with consumers, ultimately driving loyalty and improving marketing strategies. Backed by Ardent Capital, Snapcart aims to transform the way brands understand and interact with their customers.

Arcstone

Seed Round in 2015
Arcstone Pte. Ltd. is a Singapore-based company that specializes in developing and marketing manufacturing software solutions. Founded in 2013, it offers a comprehensive platform known as the Arcstone Operations Platform (arc.ops), which integrates various data streams from IoT sensors, machines, ERPs, and workstation tablets. This platform enables manufacturers to monitor, track, visualize, and control production operations, facilitating both automated and manual processes in manufacturing, machine maintenance, and warehousing. By operationalizing data, Arcstone empowers facility managers to enhance visibility and control, leading to significant cost reductions and quality improvements across the manufacturing supply chain. The company also has a presence in India, Vietnam, and Indonesia, highlighting its regional commitment to optimizing operational efficiency.

Moka

Seed Round in 2015
Moka is a Jakarta-based startup that specializes in providing mobile point-of-sale (mPOS) solutions for small and medium-sized businesses. Founded in 2014, the company offers a cloud-based application that allows users to accept debit and credit card payments, generate sales reports, track inventory, and receive customer feedback. Moka's system is designed to cater to various sectors, including coffee shops, barbershops, retail stores, and restaurants, as well as pop-up shops and food trucks. In addition to its software, Moka provides hardware such as Apple iPads, printers, cash drawers, barcode scanners, and mobile point-of-sale devices. The company operates on a subscription model, charging users a monthly fee based on the number of outlets they manage, and ensures that transaction data is securely stored in the cloud for real-time access to sales information.

Ardent Capital

Series A in 2013
Ardent Capital is a team of experienced entrepreneurs with a history of successful exits throughout Southeast Asia and globally. We bring together all the key elements required to create great companies: Team, Strategy, Operations, Marketing, Technology, Capital, and Passion. We are thrilled and privileged to be participating in a technology revolution sweeping the region.

500 Labs

Venture Round in 2011
500 Labs, formerly known as 500 Startups, is a global venture capital firm and startup accelerator established in 2010 and headquartered in Mountain View, California. The firm focuses on seed and early-stage investments across a wide range of sectors, including technology, financial services, biotech, and various emerging markets. It aims to support small and medium-sized startups through funding, mentorship, and a structured four-month accelerator program. 500 Labs invests between $0.05 million and $1 million for equity stakes of 5 to 10 percent in companies with monthly revenues of at least $100,000 and valuations between $1.54 million and $7.69 million. The firm has a strong emphasis on diversity, actively seeking to invest in companies led by minority founders. With a global footprint, 500 Labs operates in regions such as the Middle East, Asia, Europe, and Latin America, and has supported over 2,200 startups since its inception. It also contributes to building startup ecosystems through educational initiatives and global partnerships.