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

Senior Associate and Vice President of Investment

Harold Au

Investment Manager

Sui Ling Cheah

Operating Partner

Mac Hong

Principal, Finance

Mikal Hussain

Associate

Andy Hwang

General Partner

Buckly Jordan

Managing Partner

Mikal Khoso

Investor

Gavin Lee

General Partner

B. Paul Santos

Founding Partner

John-Marshall Stubbs

Principal

Ajay Taunk

Senior Investment Associate

Phuong Tran

Principal, Investment

Past deals in Philippines

GrowSari

Series C in 2022
Operator of a B2B e-commerce marketplace intended to help shop owners digitally procure goods for their stores by eliminating middlemen. The company's marketplace uses technology to connect stores directly to the companies and facilitates owners to add new types of products to sell including mobile top-ups, remittances, and banking services, enabling stores or small neighborhood retail shop owners to save costs and understand market trends.

Maria Health

Venture Round in 2021
Maria Health created a place online where people can easily compare what the top healthcare brands have to offer and confidently shop right after. They offer simple, easy access to healthcare because they believe everyone deserves one.

GrowSari

Series B in 2021
Operator of a B2B e-commerce marketplace intended to help shop owners digitally procure goods for their stores by eliminating middlemen. The company's marketplace uses technology to connect stores directly to the companies and facilitates owners to add new types of products to sell including mobile top-ups, remittances, and banking services, enabling stores or small neighborhood retail shop owners to save costs and understand market trends.

ZuBlu

Funding Round in 2021
ZuBlu Ltd. is a travel platform focused on scuba diving and underwater adventure tourism in Asia. Established in 2017 and based in Wan Chai, Hong Kong, the company offers a comprehensive service that allows users to search, compare, and book experiences from over 200 eco-friendly resorts and operators. The platform provides detailed travel information about various marine life, including rays, sharks, turtles, and whale sharks, as well as resources for learning to dive and enjoying beautiful reefs. Key destinations featured on ZuBlu include Indonesia, Malaysia, the Maldives, the Pacific, the Philippines, the Red Sea, and Thailand. By streamlining the booking process and offering expert assistance, ZuBlu aims to enhance the experience of planning dive holidays for enthusiasts while addressing the needs of a fragmented travel sector valued at approximately USD 4.5 billion.

Advance Tech Lending

Seed Round in 2020
Advance Tech Lending Inc. is an online salary loans provider based in Makati City, Philippines, founded in 2018. The company offers a platform designed to enhance employee productivity by providing financial empowerment through easy access to salary loans. This service allows employees to meet their daily financial needs quickly and conveniently, with funds available at the click of a button. Advance Tech Lending does not charge interest on its loans, instead applying a processing fee for immediate fund disbursement. By improving financial accessibility, the company aims to increase employee engagement, reduce turnover and workplace stress, and support organizations in attracting and retaining talent.

ZuBlu

Seed Round in 2020
ZuBlu Ltd. is a travel platform focused on scuba diving and underwater adventure tourism in Asia. Established in 2017 and based in Wan Chai, Hong Kong, the company offers a comprehensive service that allows users to search, compare, and book experiences from over 200 eco-friendly resorts and operators. The platform provides detailed travel information about various marine life, including rays, sharks, turtles, and whale sharks, as well as resources for learning to dive and enjoying beautiful reefs. Key destinations featured on ZuBlu include Indonesia, Malaysia, the Maldives, the Pacific, the Philippines, the Red Sea, and Thailand. By streamlining the booking process and offering expert assistance, ZuBlu aims to enhance the experience of planning dive holidays for enthusiasts while addressing the needs of a fragmented travel sector valued at approximately USD 4.5 billion.

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.

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.

Kalibrr

Venture Round in 2018
Kalibrr, Inc. is a recruitment technology company based in Makati City, Philippines, that offers online job listing and recruitment services for both job seekers and employers. Founded in 2012, Kalibrr provides a comprehensive job search platform catering to various sectors, including accounting, IT, healthcare, and customer service, among others. The company specializes in different employment levels, from internships to executive positions. Kalibrr aims to transform recruitment processes through its end-to-end services, which include a premium job portal, an advanced recruitment system, employer branding, and online assessments powered by artificial intelligence. By focusing on enhancing candidate experiences and streamlining employer recruitment strategies, Kalibrr seeks to foster strong relationships between candidates and companies.

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.

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.

Maria Health

Seed Round in 2017
Maria Health created a place online where people can easily compare what the top healthcare brands have to offer and confidently shop right after. They offer simple, easy access to healthcare because they believe everyone deserves one.

Doxcheck

Venture Round in 2017
Doxcheck Inc. is a technology company focused on addressing the challenges of credentials and identity fraud through its innovative document verification system. Launched in 2012, Doxcheck has developed a unique proprietary platform that allows for secure centralized online verification and authentication of documents. This system protects issuers from counterfeiters while enabling fast and accurate verification for document recipients. The company has demonstrated success with institutional issuers of high-value documents and has expanded its offerings to include Doxcheck Professional, catering to various professional groups. By providing a multitier approval process and the ability to upload and store documents in a centralized portal, Doxcheck aims to set a new global standard in identity verification, striving to eliminate credentials and identity fraud in the future.

engageSPARK

Seed Round in 2017
engageSPARK Limited operates an online platform which allows users to build interactive voice messaging (IVR) and two-way SMS campaigns. The platform enables users to create, send, receive, and manage messages through multiple communication channels such as SMS, voice, email, social media, and fax. The platform also allows users to create curriculums, surveys, systems generated auto replies, and webhooks. The company serves several industries which include media and advertising, disaster readiness and risk reduction, business process outsourcing (BPO), and fast moving consumer goods (FMCG). The company was incorporated in 2013 and is based in Cebu City, the Philippines. The company has additional offices in Manila, the Philippines; Grandville, Michigan; and Kowloon, Hong Kong.

Spiralytics

Series A in 2017
Spiralytics Inc. is a digital marketing company based in Makati, Philippines, with satellite offices in Topsfield, Massachusetts; Nottingham, United Kingdom; and Sevilla, Spain. The firm specializes in a range of services including lead generation, inbound marketing, content marketing, mobile marketing, search engine optimization, online and social media advertising, as well as web and graphic design. Spiralytics focuses on implementing profitable marketing campaigns that utilize data-driven strategies to help businesses grow. By leveraging analytics and performance measurement, the company enhances its online advertising and content marketing efforts, aiming to accelerate clients' online success and improve overall marketing effectiveness.

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.

GrowSari

Seed Round in 2017
Operator of a B2B e-commerce marketplace intended to help shop owners digitally procure goods for their stores by eliminating middlemen. The company's marketplace uses technology to connect stores directly to the companies and facilitates owners to add new types of products to sell including mobile top-ups, remittances, and banking services, enabling stores or small neighborhood retail shop owners to save costs and understand market trends.

Bridge Southeast

Seed Round in 2017
Bridge Southeast Asia is a People Technology Startup Company for growing and changing companies that provides a range of HR Solutions to improve the workplace, and make work-life more rewarding for employees to some of the fastest-growing companies in the region, including The Coffee Bean & Tea Leaf, Lazada, OLX, and Microsoft. We were recently recognized as one of the Top 10 HR Solution Providers in APAC by international magazine HR Tech Outlook. We combine the benefits of new best practices and practical technology to create innovations that improve the workplace, and make work-life more rewarding for employees. With services that include Recruitment and Fully-Managed Payroll under Bridge People Solutions and an amazing benefits platform called Bridge Access.

Kalibrr

Series A in 2017
Kalibrr, Inc. is a recruitment technology company based in Makati City, Philippines, that offers online job listing and recruitment services for both job seekers and employers. Founded in 2012, Kalibrr provides a comprehensive job search platform catering to various sectors, including accounting, IT, healthcare, and customer service, among others. The company specializes in different employment levels, from internships to executive positions. Kalibrr aims to transform recruitment processes through its end-to-end services, which include a premium job portal, an advanced recruitment system, employer branding, and online assessments powered by artificial intelligence. By focusing on enhancing candidate experiences and streamlining employer recruitment strategies, Kalibrr seeks to foster strong relationships between candidates and companies.

Coins.ph

Series A in 2016
Coins.ph is a financial technology company based in Pasig City, Philippines, founded in 2014. It operates a mobile wallet that provides consumers and small businesses with access to a range of financial services. The platform enables users to transfer money, pay bills, load mobile phones, and engage in cryptocurrency transactions, including buying and selling bitcoins. Coins.ph also facilitates local and international remittances, online shopping, and game credits, making financial transactions more accessible through mobile devices and blockchain technology. The company offers features such as ATM cash pickup, merchant services, and a user-friendly mobile application, allowing customers to manage their finances without the burden of minimum cash-in amounts or monthly fees. Coins.ph operates as a subsidiary of PT Go-Jek Indonesia.

Doxcheck

Venture Round in 2016
Doxcheck Inc. is a technology company focused on addressing the challenges of credentials and identity fraud through its innovative document verification system. Launched in 2012, Doxcheck has developed a unique proprietary platform that allows for secure centralized online verification and authentication of documents. This system protects issuers from counterfeiters while enabling fast and accurate verification for document recipients. The company has demonstrated success with institutional issuers of high-value documents and has expanded its offerings to include Doxcheck Professional, catering to various professional groups. By providing a multitier approval process and the ability to upload and store documents in a centralized portal, Doxcheck aims to set a new global standard in identity verification, striving to eliminate credentials and identity fraud in the future.

Stylist in Pocket

Seed Round in 2016
Stylist in Pocket is a personal online styling service for women and men.

Ayannah

Series A in 2015
Ayannah is a prominent provider of digital financial services aimed at the emerging middle class, particularly focusing on migrants and unbanked individuals. The company offers affordable and accessible digital commerce and payment solutions to promote financial inclusion and literacy among underserved populations. By empowering unbanked migrants, Ayannah enables them to manage their remittances more effectively, allowing for better support to their beneficiaries in their home countries. The company's innovative platform encompasses a range of services, including payments, commerce, and analytics, primarily delivered through social and mobile channels. With millions of online and mobile transactions facilitated, Ayannah is supported by a skilled team of experienced professionals and emerging talent in web and mobile application development. The company enjoys a growing and loyal customer base worldwide, contributing to stable and recurring revenue streams.

Coins.ph

Venture Round in 2015
Coins.ph is a financial technology company based in Pasig City, Philippines, founded in 2014. It operates a mobile wallet that provides consumers and small businesses with access to a range of financial services. The platform enables users to transfer money, pay bills, load mobile phones, and engage in cryptocurrency transactions, including buying and selling bitcoins. Coins.ph also facilitates local and international remittances, online shopping, and game credits, making financial transactions more accessible through mobile devices and blockchain technology. The company offers features such as ATM cash pickup, merchant services, and a user-friendly mobile application, allowing customers to manage their finances without the burden of minimum cash-in amounts or monthly fees. Coins.ph operates as a subsidiary of PT Go-Jek Indonesia.

ZAP Group

Seed Round in 2015
ZAP Group, Inc., founded in 2012 and based in Pasig, Philippines, specializes in developing loyalty programs for merchants. The company has assisted over 800 businesses in launching customized loyalty solutions that can be tailored to their specific needs. Merchants can choose between card or mobile-based programs, allowing them to create personalized mechanics, build a member database, and utilize data analytics for targeted promotions. Additionally, ZAP Group offers an E-Store platform featuring smart stickers that enable users to earn instant rewards, including cashback points and coupons. This innovative approach helps food and beverage businesses transition to the digital landscape by facilitating online order acceptance, fulfillment, and delivery through their own branded eCommerce websites.

Doxcheck

Seed Round in 2015
Doxcheck Inc. is a technology company focused on addressing the challenges of credentials and identity fraud through its innovative document verification system. Launched in 2012, Doxcheck has developed a unique proprietary platform that allows for secure centralized online verification and authentication of documents. This system protects issuers from counterfeiters while enabling fast and accurate verification for document recipients. The company has demonstrated success with institutional issuers of high-value documents and has expanded its offerings to include Doxcheck Professional, catering to various professional groups. By providing a multitier approval process and the ability to upload and store documents in a centralized portal, Doxcheck aims to set a new global standard in identity verification, striving to eliminate credentials and identity fraud in the future.

Four Eyes

Seed Round in 2014
They offer quality eyewear at the most affordable rates through their eCommerce store to the Filipino consumers. Prescription glasses, sunglasses, computer glasses can be tried at home using their Home Try-On feature, or through their website using the Virtual Try-On feature. They own the supply chain - from assembly to delivery of the end product.

Ayannah

Seed Round in 2014
Ayannah is a prominent provider of digital financial services aimed at the emerging middle class, particularly focusing on migrants and unbanked individuals. The company offers affordable and accessible digital commerce and payment solutions to promote financial inclusion and literacy among underserved populations. By empowering unbanked migrants, Ayannah enables them to manage their remittances more effectively, allowing for better support to their beneficiaries in their home countries. The company's innovative platform encompasses a range of services, including payments, commerce, and analytics, primarily delivered through social and mobile channels. With millions of online and mobile transactions facilitated, Ayannah is supported by a skilled team of experienced professionals and emerging talent in web and mobile application development. The company enjoys a growing and loyal customer base worldwide, contributing to stable and recurring revenue streams.

ZAP Group

Venture Round in 2014
ZAP Group, Inc., founded in 2012 and based in Pasig, Philippines, specializes in developing loyalty programs for merchants. The company has assisted over 800 businesses in launching customized loyalty solutions that can be tailored to their specific needs. Merchants can choose between card or mobile-based programs, allowing them to create personalized mechanics, build a member database, and utilize data analytics for targeted promotions. Additionally, ZAP Group offers an E-Store platform featuring smart stickers that enable users to earn instant rewards, including cashback points and coupons. This innovative approach helps food and beverage businesses transition to the digital landscape by facilitating online order acceptance, fulfillment, and delivery through their own branded eCommerce websites.

Kalibrr

Seed Round in 2013
Kalibrr, Inc. is a recruitment technology company based in Makati City, Philippines, that offers online job listing and recruitment services for both job seekers and employers. Founded in 2012, Kalibrr provides a comprehensive job search platform catering to various sectors, including accounting, IT, healthcare, and customer service, among others. The company specializes in different employment levels, from internships to executive positions. Kalibrr aims to transform recruitment processes through its end-to-end services, which include a premium job portal, an advanced recruitment system, employer branding, and online assessments powered by artificial intelligence. By focusing on enhancing candidate experiences and streamlining employer recruitment strategies, Kalibrr seeks to foster strong relationships between candidates and companies.

Ayannah

Seed Round in 2013
Ayannah is a prominent provider of digital financial services aimed at the emerging middle class, particularly focusing on migrants and unbanked individuals. The company offers affordable and accessible digital commerce and payment solutions to promote financial inclusion and literacy among underserved populations. By empowering unbanked migrants, Ayannah enables them to manage their remittances more effectively, allowing for better support to their beneficiaries in their home countries. The company's innovative platform encompasses a range of services, including payments, commerce, and analytics, primarily delivered through social and mobile channels. With millions of online and mobile transactions facilitated, Ayannah is supported by a skilled team of experienced professionals and emerging talent in web and mobile application development. The company enjoys a growing and loyal customer base worldwide, contributing to stable and recurring revenue streams.

Ardent Capital

Series A in 2013
Ardent Capital is a venture capital firm established in 2011 and based in Bangkok, Thailand. The firm focuses on investing in early-stage technology companies throughout Southeast Asia. With a team of experienced entrepreneurs who have a proven track record of successful exits, Ardent Capital combines essential elements such as team dynamics, strategic planning, operational efficiency, marketing expertise, technological innovation, financial resources, and a strong commitment to fostering growth. The firm aims to contribute to the ongoing technology revolution in the region by supporting the development of promising startups.

Ayannah

Seed Round in 2012
Ayannah is a prominent provider of digital financial services aimed at the emerging middle class, particularly focusing on migrants and unbanked individuals. The company offers affordable and accessible digital commerce and payment solutions to promote financial inclusion and literacy among underserved populations. By empowering unbanked migrants, Ayannah enables them to manage their remittances more effectively, allowing for better support to their beneficiaries in their home countries. The company's innovative platform encompasses a range of services, including payments, commerce, and analytics, primarily delivered through social and mobile channels. With millions of online and mobile transactions facilitated, Ayannah is supported by a skilled team of experienced professionals and emerging talent in web and mobile application development. The company enjoys a growing and loyal customer base worldwide, contributing to stable and recurring revenue streams.

Morphlabs

Venture Round in 2011
Morphlabs delivers efficient computing based on optimized cloud architecture. Its mCloud Solutions enable them to provide the most cost-effective platform for delivering cloud infrastructure and maximizing productivity for network administrators and software developers empowering everyone to join the cloud revolution. As passionate members of the evolving cloud ecosystem, they combine open-source software, commodity hardware, and their years of experience in disruptive technology innovation to ensure that businesses of all sizes can innovate and compete. Founded by industry pioneers, Morphlabs is headquartered in Los Angeles, with operations in the Philippines, Japan, and Australia.

MoAnima

Venture Round in 2010
MoAnima, Inc. specializes in motion capture cleanup and animation editing services tailored for the video game and film industries. Founded in 2008 and located in Makati City, Philippines, the company focuses on delivering high-quality production and support services, including full body, face, and hand motion capture cleanup and editing. MoAnima is committed to providing fast turnaround times at competitive rates, catering to the needs of major video game developers and filmmakers. With a strong emphasis on motion and animation technology, the company has established a reputation for excellence in its field, contributing to projects that enhance the gaming experience and appeal to players.

Exist

Venture Round in 2006
Exist Global, Inc. is an outsourced software development company based in Manila, Philippines, with additional offices in Cebu City and Marina del Rey, California. Founded in 2001, the company specializes in providing comprehensive software development services, including lifecycle development for independent software vendors (ISVs) and enterprises. Exist offers a range of services such as architecture and design consulting, application development, independent quality assurance, application maintenance, and technical support. The company serves various industries, including retail, banking, finance, and healthcare, focusing on delivering tailored solutions that are both rapid and cost-efficient. With a workforce of over 150 employees, Exist has established a presence in the Asia Pacific, Australia, and the United States, drawing on its expertise in technology and open-source development to meet client needs effectively.

Information Gateway

Venture Round in 2003
Information Gateway, Inc. is a prominent regional provider of mobile entertainment content in Southeast Asia. The company specializes in delivering a diverse range of services, including music, ringtones, images, games, and videos. Additionally, it offers news alerts and chat services, catering to the needs of both consumers and clients in the mobile entertainment and messaging sectors. Information Gateway focuses on application development to enhance user experience and engagement within the mobile ecosystem.

PLDT

Venture Round in 2002
PLDT provides telecommunication products and services in the Philippines. As of December 31, 2009, PLDT served 41 million subscribers.

Chikka

Venture Round in 2002
Chikka is a provider of wireless applications and services, specializing in mobile messaging, mobile email, and mobile payments through airtime credit transfers. Founded in 2000, the company is best known for its flagship product, Chikka Text Messenger, which allows users to send free SMS to mobile phones in multiple countries, including the US, UK, and the Philippines. The platform has evolved to support multimedia messaging and is compatible with other major instant messaging networks like Google Talk and Yahoo!. Chikka also offers a web version of its messenger, further enhancing its accessibility and reach. With a presence in over 30 mobile operators across 17 countries, Chikka is recognized for its high utility products that generate mobile value-added service revenues, making it an attractive partner for network operators in Asia. The company operates at a CMMI Maturity Level 5, signifying its commitment to quality and operational excellence.
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