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.

Joel Ang

Senior Associate and Vice President of Investment

Harold Au

Investment Manager

Mac Hong

Principal, Finance

Mikal Hussain

Associate

Andy Hwang

General Partner

Mikal Khoso

Investor

Gavin Lee

General Partner

Eric Manlunas

Founder and Managing Partner

Steve Melhuish

Venture Partner

Michael Mizrahi

Principal and Venture Partner

John-Marshall Stubbs

Associate

Ajay Taunk

Associate

Phuong Tran

Principal, Investment

Past deals in Indonesia

Fit Hub Indonesia

Series A in 2024
Fit Hub Indonesia is a health & wellness startup in Indonesia.

Gapai

Seed Round in 2024
Gapai is a recruitment platform focused on assisting Indonesian workers in discovering, learning, and securing international job opportunities. The platform connects prospective migrant workers with training institutions and recruitment partners, facilitating a seamless process from education to employment. It provides accessible training facilities, allowing users to enhance their skills from any location. Gapai ensures a transparent and targeted approach, enabling workers to gain valuable work experience, higher income potential, and necessary information about recruitment systems. By engaging various stakeholders, including training providers and global recruiters, Gapai aims to create a comprehensive ecosystem that adds value to all participants in the recruitment process.

Fit Hub Indonesia

Seed Round in 2023
Fit Hub Indonesia is a health & wellness startup in Indonesia.

Pitik

Series A in 2022
Pitik is an agri-tech startup focused on enhancing the poultry supply chain for chicken farmers in Indonesia. The company offers a comprehensive farm management system that integrates Internet of Things (IoT) technology, algorithms, and digital assistance to support farmers in managing their operations effectively. By providing full backend support, Pitik empowers farmers to improve productivity and efficiency, ultimately enabling them to produce higher quality chickens at competitive prices. The startup aims to elevate the welfare of chicken farmers while modernizing poultry farming practices in the region.

Credibook

Series A in 2022
Credibook is a startup focused on assisting Indonesian retail wholesalers in managing their financial operations through a digital debt logbook application. This platform aims to streamline the tracking of receivables and payables, enhancing the efficiency of inventory sourcing within the supply chain. The application offers various services, including debt record management, accounts payable and receivable tracking, personal debt management, and reminders for overdue payments. By digitizing these financial processes, Credibook enables business owners to effectively manage their operations using technology. The company plans to expand its reach across Indonesia and diversify its offerings to serve additional business sectors.

Sirka

Seed Round in 2022
Sirka is Indonesia's pioneering metabolic clinic, focused on healthcare innovation through a technology-enabled, holistic approach to managing obesity and metabolic health. The clinic addresses the root causes of weight gain and chronic diseases, offering services that include weight management, digestive health, diabetes care, and chronic disease management. Sirka provides personalized, clinically proven programs tailored to individual needs, combining expert medical care with customized nutrition plans and continuous monitoring. Clients can connect with dietitians through an application, allowing them to set health goals and receive meal plan recommendations as part of structured programs. Sirka aims to empower Indonesians to lead healthier lives by improving weight management and enhancing control over chronic conditions.

Pitik

Seed Round in 2021
Pitik is an agri-tech startup focused on enhancing the poultry supply chain for chicken farmers in Indonesia. The company offers a comprehensive farm management system that integrates Internet of Things (IoT) technology, algorithms, and digital assistance to support farmers in managing their operations effectively. By providing full backend support, Pitik empowers farmers to improve productivity and efficiency, ultimately enabling them to produce higher quality chickens at competitive prices. The startup aims to elevate the welfare of chicken farmers while modernizing poultry farming practices in the region.

GudangAda

Series B in 2021
GudangAda is a business-to-business marketplace focused on transforming and digitalizing Indonesia's distribution chain for fast-moving consumer goods. The platform connects key stakeholders, including principals, distributors, wholesalers, and retailers, by providing an end-to-end digital solution that facilitates online transactions. It enables users to conduct both small and bulk transactions, allowing them to operate as both sellers and buyers. Additionally, GudangAda offers logistics services, merchant solutions, and financial services, enhancing efficiency and accessibility within the supply chain. By streamlining interactions among traders, the platform aims to improve turnover rates, reduce costs, and expand customer reach.

ZuBlu

Funding Round in 2021
ZuBlu Ltd. is a travel platform focused on scuba diving and underwater adventure travel in Asia, providing users with the ability to search, compare, and book experiences at over 600 eco-friendly resorts, liveaboards, and operators. The platform offers detailed information about a variety of marine life, including rays, sharks, and turtles, as well as resources for learning to dive and photography opportunities in stunning locations. Key destinations include Indonesia, Malaysia, the Maldives, the Pacific, the Philippines, the Red Sea, and Thailand. Founded in 2017 and headquartered in Wan Chai, Hong Kong, ZuBlu aims to streamline the dive travel experience, making it easier and more accessible for enthusiasts to find and plan their ideal underwater adventures.

Credibook

Seed Round in 2021
Credibook is a startup focused on assisting Indonesian retail wholesalers in managing their financial operations through a digital debt logbook application. This platform aims to streamline the tracking of receivables and payables, enhancing the efficiency of inventory sourcing within the supply chain. The application offers various services, including debt record management, accounts payable and receivable tracking, personal debt management, and reminders for overdue payments. By digitizing these financial processes, Credibook enables business owners to effectively manage their operations using technology. The company plans to expand its reach across Indonesia and diversify its offerings to serve additional business sectors.

SourceSage

Venture Round in 2020
SourceSage is a B2B marketplace aggregator founded by Sim Jian Min, who, after observing inefficiencies in the outsourcing industry, sought to improve the procurement process for long-tail spending. Established in Singapore in 2015, the company leverages Big Data analytics to streamline purchasing for low-volume items, which have traditionally been overlooked by businesses. SourceSage facilitates access to millions of e-commerce products and services from various global and local marketplaces, allowing companies to make informed sourcing decisions. With a presence in 10 countries across the Asia-Pacific region—including Malaysia, Vietnam, India, Thailand, Indonesia, China, Australia, and Japan—SourceSage serves clients such as DHL, Certis, C&W, Mitsui, and Anphat, aiming to become the leading B2B managed marketplace for long-tail procurement in Asia.

GudangAda

Series A in 2020
GudangAda is a business-to-business marketplace focused on transforming and digitalizing Indonesia's distribution chain for fast-moving consumer goods. The platform connects key stakeholders, including principals, distributors, wholesalers, and retailers, by providing an end-to-end digital solution that facilitates online transactions. It enables users to conduct both small and bulk transactions, allowing them to operate as both sellers and buyers. Additionally, GudangAda offers logistics services, merchant solutions, and financial services, enhancing efficiency and accessibility within the supply chain. By streamlining interactions among traders, the platform aims to improve turnover rates, reduce costs, and expand customer reach.

ZuBlu

Seed Round in 2020
ZuBlu Ltd. is a travel platform focused on scuba diving and underwater adventure travel in Asia, providing users with the ability to search, compare, and book experiences at over 600 eco-friendly resorts, liveaboards, and operators. The platform offers detailed information about a variety of marine life, including rays, sharks, and turtles, as well as resources for learning to dive and photography opportunities in stunning locations. Key destinations include Indonesia, Malaysia, the Maldives, the Pacific, the Philippines, the Red Sea, and Thailand. Founded in 2017 and headquartered in Wan Chai, Hong Kong, ZuBlu aims to streamline the dive travel experience, making it easier and more accessible for enthusiasts to find and plan their ideal underwater adventures.

GudangAda

Seed Round in 2020
GudangAda is a business-to-business marketplace focused on transforming and digitalizing Indonesia's distribution chain for fast-moving consumer goods. The platform connects key stakeholders, including principals, distributors, wholesalers, and retailers, by providing an end-to-end digital solution that facilitates online transactions. It enables users to conduct both small and bulk transactions, allowing them to operate as both sellers and buyers. Additionally, GudangAda offers logistics services, merchant solutions, and financial services, enhancing efficiency and accessibility within the supply chain. By streamlining interactions among traders, the platform aims to improve turnover rates, reduce costs, and expand customer reach.

Sprout Solutions

Series A in 2019
Sprout Solutions is a provider of payroll and HR software tailored for emerging markets, with a strong foothold in the Philippines and expanding operations in Singapore and Indonesia. The company's platform automates administrative tasks related to HR and payroll, offering a comprehensive online payroll service and a secure cloud-based human resource information system. By replacing traditional methods such as spreadsheets and printed forms with biometrics and single-click processing, Sprout enhances efficiency in timekeeping and attendance. Additionally, its unified system consolidates recruitment operations, enabling businesses to streamline their HR functions and address challenges in payroll and human resource management.

Sprout Solutions

Seed Round in 2018
Sprout Solutions is a provider of payroll and HR software tailored for emerging markets, with a strong foothold in the Philippines and expanding operations in Singapore and Indonesia. The company's platform automates administrative tasks related to HR and payroll, offering a comprehensive online payroll service and a secure cloud-based human resource information system. By replacing traditional methods such as spreadsheets and printed forms with biometrics and single-click processing, Sprout enhances efficiency in timekeeping and attendance. Additionally, its unified system consolidates recruitment operations, enabling businesses to streamline their HR functions and address challenges in payroll and human resource management.

Sprout Solutions

Seed Round in 2017
Sprout Solutions is a provider of payroll and HR software tailored for emerging markets, with a strong foothold in the Philippines and expanding operations in Singapore and Indonesia. The company's platform automates administrative tasks related to HR and payroll, offering a comprehensive online payroll service and a secure cloud-based human resource information system. By replacing traditional methods such as spreadsheets and printed forms with biometrics and single-click processing, Sprout enhances efficiency in timekeeping and attendance. Additionally, its unified system consolidates recruitment operations, enabling businesses to streamline their HR functions and address challenges in payroll and human resource management.

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 is a financial services provider focused on empowering low-income women in emerging markets, particularly in Indonesia and Myanmar. Through its mobile application, the company enables young urban and rural entrepreneurs to establish small businesses by reselling phone airtime and other digital goods to their communities. By partnering with Ooredoo, a prominent telecommunications company, WoBe aims to enhance access to financial opportunities for underserved populations. The app not only facilitates micro-business ventures but also encourages women to leverage the internet for information and resources, ultimately fostering economic independence and growth among its users.

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 is a financial services provider focused on empowering low-income women in emerging markets, particularly in Indonesia and Myanmar. Through its mobile application, the company enables young urban and rural entrepreneurs to establish small businesses by reselling phone airtime and other digital goods to their communities. By partnering with Ooredoo, a prominent telecommunications company, WoBe aims to enhance access to financial opportunities for underserved populations. The app not only facilitates micro-business ventures but also encourages women to leverage the internet for information and resources, ultimately fostering economic independence and growth among its users.

SourceSage

Venture Round in 2017
SourceSage is a B2B marketplace aggregator founded by Sim Jian Min, who, after observing inefficiencies in the outsourcing industry, sought to improve the procurement process for long-tail spending. Established in Singapore in 2015, the company leverages Big Data analytics to streamline purchasing for low-volume items, which have traditionally been overlooked by businesses. SourceSage facilitates access to millions of e-commerce products and services from various global and local marketplaces, allowing companies to make informed sourcing decisions. With a presence in 10 countries across the Asia-Pacific region—including Malaysia, Vietnam, India, Thailand, Indonesia, China, Australia, and Japan—SourceSage serves clients such as DHL, Certis, C&W, Mitsui, and Anphat, aiming to become the leading B2B managed marketplace for long-tail procurement in Asia.

WoBe

Seed Round in 2016
WoBe is a financial services provider focused on empowering low-income women in emerging markets, particularly in Indonesia and Myanmar. Through its mobile application, the company enables young urban and rural entrepreneurs to establish small businesses by reselling phone airtime and other digital goods to their communities. By partnering with Ooredoo, a prominent telecommunications company, WoBe aims to enhance access to financial opportunities for underserved populations. The app not only facilitates micro-business ventures but also encourages women to leverage the internet for information and resources, ultimately fostering economic independence and growth among its users.

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.

SourceSage

Seed Round in 2016
SourceSage is a B2B marketplace aggregator founded by Sim Jian Min, who, after observing inefficiencies in the outsourcing industry, sought to improve the procurement process for long-tail spending. Established in Singapore in 2015, the company leverages Big Data analytics to streamline purchasing for low-volume items, which have traditionally been overlooked by businesses. SourceSage facilitates access to millions of e-commerce products and services from various global and local marketplaces, allowing companies to make informed sourcing decisions. With a presence in 10 countries across the Asia-Pacific region—including Malaysia, Vietnam, India, Thailand, Indonesia, China, Australia, and Japan—SourceSage serves clients such as DHL, Certis, C&W, Mitsui, and Anphat, aiming to become the leading B2B managed marketplace for long-tail procurement in Asia.

Gushcloud International

Seed Round in 2015
Gushcloud International is a global digital talent and media company that specializes in influencer marketing, entertainment, and commerce. It connects audiences and brands with influencers and content creators through various services, including brand strategy, marketing activation, media production, and distribution. The company operates through four main units: Gushcloud Agency, which focuses on influencer marketing; Gushcloud Entertainment, dedicated to building talent-led consumer businesses; Gushcloud Studios, which creates mobile-first content across multiple streaming platforms; and GC Live, a live commerce unit that hosts premium shows to promote global brands in Southeast Asia. With nearly 300 employees, Gushcloud International has a presence in 11 countries, including Singapore, Malaysia, Indonesia, and the United States, positioning itself as a leader in the digital media landscape while fostering long-term career opportunities for digital talents.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.