Wavemaker Partners

Founded in 2003, Wavemaker Partners is a venture capital firm headquartered in Singapore with dual offices in Los Angeles. It specializes in early-stage technology investments across Asia-Pacific and the United States, focusing on enterprise, digital media, deep technology, and consumer sectors.

Joel Ang

Senior Associate and Vice President of Investment

Kris Bjornerud

Managing Partner

Sui Ling Cheah

Operating Partner

Mac Hong

Principal

Mikal Hussain

Associate

Past deals in Philippines

Maria Health

Venture Round in 2021
Maria Health operates an online health insurance marketplace aimed at enhancing access to healthcare in the Philippines. The platform enables users to compare a variety of premium and prepaid health plans from multiple providers, catering to individuals, startups, and small to medium enterprises. By simplifying the process of exploring and purchasing health insurance, Maria Health ensures that everyone has the opportunity to find suitable healthcare options that meet their needs.

ZuBlu

Funding Round in 2021
ZuBlu Ltd. is a travel platform based in Wan Chai, Hong Kong, that specializes in scuba diving and underwater adventure travel in Asia. Established in 2017, the company offers a comprehensive service that allows users to search, compare, and book experiences at over 600 eco-friendly resorts and liveaboards across popular diving destinations such as Indonesia, Malaysia, the Maldives, the Pacific, the Philippines, the Red Sea, and Thailand. ZuBlu provides detailed travel information about diverse marine life, including rays, sharks, and turtles, as well as options for learning to dive and engaging in underwater photography. The platform aims to simplify the planning process for dive holidays by offering a user-friendly interface and access to knowledgeable travel experts who assist customers in finding their ideal diving experiences.

ZuBlu

Seed Round in 2020
ZuBlu Ltd. is a travel platform based in Wan Chai, Hong Kong, that specializes in scuba diving and underwater adventure travel in Asia. Established in 2017, the company offers a comprehensive service that allows users to search, compare, and book experiences at over 600 eco-friendly resorts and liveaboards across popular diving destinations such as Indonesia, Malaysia, the Maldives, the Pacific, the Philippines, the Red Sea, and Thailand. ZuBlu provides detailed travel information about diverse marine life, including rays, sharks, and turtles, as well as options for learning to dive and engaging in underwater photography. The platform aims to simplify the planning process for dive holidays by offering a user-friendly interface and access to knowledgeable travel experts who assist customers in finding their ideal diving experiences.

Sprout Solutions

Series A in 2019
Sprout is a technology company specializing in payroll and HR software for emerging markets. It automates timekeeping and attendance using biometrics, simplifies processing with single-click functionality, and employs prescriptive analytics. Sprout has a strong presence in the Philippines and is expanding into Singapore and Indonesia.

Sprout Solutions

Seed Round in 2018
Sprout is a technology company specializing in payroll and HR software for emerging markets. It automates timekeeping and attendance using biometrics, simplifies processing with single-click functionality, and employs prescriptive analytics. Sprout has a strong presence in the Philippines and is expanding into Singapore and Indonesia.

Sprout Solutions

Seed Round in 2017
Sprout is a technology company specializing in payroll and HR software for emerging markets. It automates timekeeping and attendance using biometrics, simplifies processing with single-click functionality, and employs prescriptive analytics. Sprout has a strong presence in the Philippines and is expanding into Singapore and Indonesia.

Maria Health

Seed Round in 2017
Maria Health operates an online health insurance marketplace aimed at enhancing access to healthcare in the Philippines. The platform enables users to compare a variety of premium and prepaid health plans from multiple providers, catering to individuals, startups, and small to medium enterprises. By simplifying the process of exploring and purchasing health insurance, Maria Health ensures that everyone has the opportunity to find suitable healthcare options that meet their needs.

Morphlabs

Venture Round in 2011
Morphlabs is a provider of cloud-based open stack services that enables businesses to deploy and manage their private cloud infrastructure efficiently and securely. By offering optimized cloud architecture through its mCloud Solutions, the company delivers cost-effective platforms aimed at enhancing productivity for network administrators and software developers. Morphlabs combines open-source software and commodity hardware with years of expertise in disruptive technology, ensuring that organizations of all sizes can innovate and remain competitive in a rapidly evolving cloud ecosystem. Founded by industry pioneers, Morphlabs is headquartered in Los Angeles with operational presence in the Philippines, Japan, and Australia.

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.

PLDT

Venture Round in 2002
PLDT Inc. is a leading telecommunications company in the Philippines, operating in three main segments: Wireless, Fixed Line, and Others. The company offers a wide range of services, including cellular mobile and Internet broadband distribution, fixed line telecommunications, and various IT-related services such as data analytics and IT consulting. PLDT also provides managed IT outsourcing, internet-based purchasing, and customer rewards programs. As of December 31, 2019, the company had over 73 million mobile broadband subscribers, along with significant fixed line and broadband subscriber bases. In addition to its core telecommunications offerings, PLDT has formed strategic partnerships to enhance its service portfolio, including a collaboration with Rocket Internet SE to develop online and mobile payment solutions. Founded in 1928 and headquartered in Makati City, PLDT has evolved from its original name, Philippine Long Distance Telephone Company, to its current identity as a comprehensive provider of telecommunications and information technology services.

Chikka Holdings

Venture Round in 2002
Chikka Holdings is a company specializing in wireless applications and services, particularly in the realm of mobile messaging. Established in 2000, Chikka is best known for its flagship product, Chikka Text Messenger, which allows users to send free SMS to mobile phones across multiple countries, including the United States, United Kingdom, Italy, India, Hong Kong, and the Philippines. The platform also supports multimedia messaging and offers interoperability with major instant messaging networks like Yahoo!, MSN, Google Talk, and ICQ. Chikka has expanded its services to include mobile email, mobile payments through airtime credits, and various mobile content applications aimed at enhancing online community experiences. With a presence in over 30 mobile operators across 17 countries, Chikka Holdings is recognized for its innovative product offerings and strong partnerships with network operators, positioning itself as a key player in the mobile value-added services sector.
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