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 Vietnam

MindX Technology

Series B in 2023
MindX launched in 2014 as a home for young techies. Some came to learn to code, some came to pick up another language or skill or English. Tech companies started to approach MindX for recruitment. In mid-2017, the company decided to form its own team, picking the best from its classes.

Medici Vietnam

Series A in 2022
Medici Vietnam is a health tech firm that functions as a comprehensive platform for healthcare and insurance coverage. It offers both life and non-life insurance options while providing an online marketplace that enhances access and transparency for drug and supplement purchases. The company's healthcare services include telemedicine, health screenings, and a network of in-house doctor influencers. By integrating these services, Medici Vietnam aims to deliver peace of mind and protection against various health-related risks for its customers.

MFast (DigiPay J.S.C.)

Series A in 2022
MFast operates as a fintech platform. MFAST is a brand under Digital Payment Solution Joint Stock Company - DigiPay JSC.

Dat Bike

Series A in 2022
Dat Bike Vietnam Company Limited is a Vietnamese startup established in 2018, specializing in the design and manufacture of electric motorbikes and related accessories. Based in Thu Dau Mot, the company aims to promote green transportation and reduce pollution through its products, which feature zero emissions and superior speed compared to traditional gas-powered bikes. In addition to electric scooters, Dat Bike offers a range of accessories, including helmets and fuel tank bags, available through their online retail platform. The company's commitment to sustainable transport solutions enables users to minimize their carbon footprint while enjoying efficient mobility.

Medici Vietnam

Seed Round in 2022
Medici Vietnam is a health tech firm that functions as a comprehensive platform for healthcare and insurance coverage. It offers both life and non-life insurance options while providing an online marketplace that enhances access and transparency for drug and supplement purchases. The company's healthcare services include telemedicine, health screenings, and a network of in-house doctor influencers. By integrating these services, Medici Vietnam aims to deliver peace of mind and protection against various health-related risks for its customers.

Foodmap

Seed Round in 2022
FoodMap is a startup focused on connecting consumers with ethical farmers and food suppliers through an online food delivery platform. The company simplifies the process of ordering fresh produce by offering a range of organic products, including fruits, vegetables, cereals, oils, nuts, meat, and seafood. These products are directly sourced from farmers, allowing customers to purchase high-quality food items online and have them delivered to their homes. FoodMap aims to promote transparency and support sustainable farming practices while making fresh, nutritious food accessible to a wider audience.

MindX Technology

Series A in 2021
MindX launched in 2014 as a home for young techies. Some came to learn to code, some came to pick up another language or skill or English. Tech companies started to approach MindX for recruitment. In mid-2017, the company decided to form its own team, picking the best from its classes.

Parcel Perform

Series A in 2021
Parcel Perform Pte. Ltd. is a Singapore-based company that specializes in providing a software-as-a-service logistics management platform aimed at enhancing the delivery experience for e-commerce merchants and their customers. Established in 2013, the platform integrates with over 600 carriers globally, allowing merchants to manage track event processing and access real-time delivery performance analytics. It offers branded tracking pages, customer interaction tools, and the capability to send continuous shipment updates to shoppers. The company serves a diverse clientele, including notable brands such as Nespresso and Decathlon, and operates offices in Singapore, Vietnam, and Europe. By focusing on carrier-independent solutions, Parcel Perform helps merchants optimize their logistics performance and improve overall customer satisfaction.

Dat Bike

Seed Round in 2021
Dat Bike Vietnam Company Limited is a Vietnamese startup established in 2018, specializing in the design and manufacture of electric motorbikes and related accessories. Based in Thu Dau Mot, the company aims to promote green transportation and reduce pollution through its products, which feature zero emissions and superior speed compared to traditional gas-powered bikes. In addition to electric scooters, Dat Bike offers a range of accessories, including helmets and fuel tank bags, available through their online retail platform. The company's commitment to sustainable transport solutions enables users to minimize their carbon footprint while enjoying efficient mobility.

Parcel Perform

Venture Round in 2019
Parcel Perform Pte. Ltd. is a Singapore-based company that specializes in providing a software-as-a-service logistics management platform aimed at enhancing the delivery experience for e-commerce merchants and their customers. Established in 2013, the platform integrates with over 600 carriers globally, allowing merchants to manage track event processing and access real-time delivery performance analytics. It offers branded tracking pages, customer interaction tools, and the capability to send continuous shipment updates to shoppers. The company serves a diverse clientele, including notable brands such as Nespresso and Decathlon, and operates offices in Singapore, Vietnam, and Europe. By focusing on carrier-independent solutions, Parcel Perform helps merchants optimize their logistics performance and improve overall customer satisfaction.

Canal Circle

Seed Round in 2019
Canal Circle Vietnam Technologies Company Limited specializes in developing core banking software and solutions tailored for banking and microfinance institutions in Vietnam. Founded in 2015 and based in Hanoi, the company aims to facilitate digital transformation within the financial sector. Its offerings include Mini, which enhances administrative efficiency through digitization; CoreB, focused on financial accounting; and Tizo, an application that helps borrowers manage loan information. Canal Circle collaborates with financial institutions and partners to create customized technology solutions that provide essential products and services to low-income communities, including those in underserved areas. By streamlining processes and limiting paperwork, Canal Circle enables financial institutions to better support small businesses and improve living standards in their localities.

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.

Parcel Perform

Seed Round in 2018
Parcel Perform Pte. Ltd. is a Singapore-based company that specializes in providing a software-as-a-service logistics management platform aimed at enhancing the delivery experience for e-commerce merchants and their customers. Established in 2013, the platform integrates with over 600 carriers globally, allowing merchants to manage track event processing and access real-time delivery performance analytics. It offers branded tracking pages, customer interaction tools, and the capability to send continuous shipment updates to shoppers. The company serves a diverse clientele, including notable brands such as Nespresso and Decathlon, and operates offices in Singapore, Vietnam, and Europe. By focusing on carrier-independent solutions, Parcel Perform helps merchants optimize their logistics performance and improve overall customer satisfaction.

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.

Oddle

Venture Round in 2017
Oddle Company Pte Ltd. operates an online food ordering platform that connects various elements of the takeaway business for restaurants. Founded in 2014 and based in Singapore, Oddle provides a solution that aggregates orders, manages outlet operations, coordinates logistics, and enhances customer relationships. The platform supports multiple order channels, including websites, social media, phone calls, and emails, and includes an iPad application that alerts staff to incoming orders. Restaurants can utilize the backend system to gain insights into customer behavior and sales performance. With a portfolio that includes over 500 restaurants across Singapore, Hong Kong, Vietnam, Malaysia, and Taiwan, Oddle serves notable food chains and aims to streamline the ordering experience for both restaurant owners and their customers.

Oddle

Venture Round in 2016
Oddle Company Pte Ltd. operates an online food ordering platform that connects various elements of the takeaway business for restaurants. Founded in 2014 and based in Singapore, Oddle provides a solution that aggregates orders, manages outlet operations, coordinates logistics, and enhances customer relationships. The platform supports multiple order channels, including websites, social media, phone calls, and emails, and includes an iPad application that alerts staff to incoming orders. Restaurants can utilize the backend system to gain insights into customer behavior and sales performance. With a portfolio that includes over 500 restaurants across Singapore, Hong Kong, Vietnam, Malaysia, and Taiwan, Oddle serves notable food chains and aims to streamline the ordering experience for both restaurant owners and 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.

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.

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.
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