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 Retail Technology

Omnistream

Series A in 2022
Omnistream is a software development company based in Shatin, Hong Kong, that specializes in providing customer relationship management solutions for retailers in Hong Kong and China. The company offers a platform that enables frontline staff to engage in personalized communication with customers through mobile channels, integrating seamlessly with services like WeChat, SMS, and email. This solution helps brands monitor compliance in customer interactions. Additionally, Omnistream develops a retail data analytics platform that collects and analyzes data from various sources to identify shopping habits and trends, aiding retailers in making informed marketing and operational decisions. The platform synchronizes offline retail, e-commerce, and human capital, enhancing real-time persona intelligence and predictive operations to drive revenue.

Bazaar Technologies

Series B in 2022
Bazaar Technologies is an online marketplace founded in 2020 and based in Karachi, Pakistan, that connects small and medium-sized retailers directly with wholesalers and manufacturers. The platform provides retailers access to a diverse range of goods from various local and international brands, as well as unbranded products, all available on a single interface. Retailers can place orders any day of the week, benefiting from free next-day delivery to their storefronts. In addition to its marketplace services, Bazaar has developed a bookkeeping platform that includes a built-in calculator, cashbook dashboard, and account reports, enabling businesses to digitize their operations and enhance productivity. Through its innovative solutions, Bazaar aims to empower the backbone of Pakistan’s retail economy.

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.

Serve Robotics

Seed Round in 2021
Serve Robotics is shaping the future of delivery by connecting people with what they need locally via robots that are designed to serve people.

Bazaar Technologies

Series A in 2021
Bazaar Technologies is an online marketplace founded in 2020 and based in Karachi, Pakistan, that connects small and medium-sized retailers directly with wholesalers and manufacturers. The platform provides retailers access to a diverse range of goods from various local and international brands, as well as unbranded products, all available on a single interface. Retailers can place orders any day of the week, benefiting from free next-day delivery to their storefronts. In addition to its marketplace services, Bazaar has developed a bookkeeping platform that includes a built-in calculator, cashbook dashboard, and account reports, enabling businesses to digitize their operations and enhance productivity. Through its innovative solutions, Bazaar aims to empower the backbone of Pakistan’s retail economy.

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.

Bazaar Technologies

Seed Round in 2021
Bazaar Technologies is an online marketplace founded in 2020 and based in Karachi, Pakistan, that connects small and medium-sized retailers directly with wholesalers and manufacturers. The platform provides retailers access to a diverse range of goods from various local and international brands, as well as unbranded products, all available on a single interface. Retailers can place orders any day of the week, benefiting from free next-day delivery to their storefronts. In addition to its marketplace services, Bazaar has developed a bookkeeping platform that includes a built-in calculator, cashbook dashboard, and account reports, enabling businesses to digitize their operations and enhance productivity. Through its innovative solutions, Bazaar aims to empower the backbone of Pakistan’s retail economy.

Bazaar Technologies

Seed Round in 2021
Bazaar Technologies is an online marketplace founded in 2020 and based in Karachi, Pakistan, that connects small and medium-sized retailers directly with wholesalers and manufacturers. The platform provides retailers access to a diverse range of goods from various local and international brands, as well as unbranded products, all available on a single interface. Retailers can place orders any day of the week, benefiting from free next-day delivery to their storefronts. In addition to its marketplace services, Bazaar has developed a bookkeeping platform that includes a built-in calculator, cashbook dashboard, and account reports, enabling businesses to digitize their operations and enhance productivity. Through its innovative solutions, Bazaar aims to empower the backbone of Pakistan’s retail economy.

FlixStock

Venture Round in 2020
Flixstock Pte. Ltd. is a Singapore-based company founded in 2015 that specializes in artificial intelligence-driven digital imagery transformation technology for the fashion retail sector. The company has developed a programmatic image generation system that eliminates the need for traditional model photoshoots, thereby reducing costs significantly—up to 75%—for its clients. By replacing the necessity for hiring models, makeup artists, and lifestyle photographers, Flixstock produces high-quality garment images that mimic the look of professional model photography. This innovative approach not only lowers production expenses but also enhances turnaround time and improves conversion rates for various major retail clients in the United States.

FlixStock

Seed Round in 2019
Flixstock Pte. Ltd. is a Singapore-based company founded in 2015 that specializes in artificial intelligence-driven digital imagery transformation technology for the fashion retail sector. The company has developed a programmatic image generation system that eliminates the need for traditional model photoshoots, thereby reducing costs significantly—up to 75%—for its clients. By replacing the necessity for hiring models, makeup artists, and lifestyle photographers, Flixstock produces high-quality garment images that mimic the look of professional model photography. This innovative approach not only lowers production expenses but also enhances turnaround time and improves conversion rates for various major retail clients in the United States.

PopID

Series A in 2019
PopID, Inc. is a software company based in Los Angeles, California, specializing in facial recognition technology for identity verification. Founded in 2016, PopID's software enables applications in loyalty programs, payment processing, and secure entry. By utilizing facial recognition, the technology allows users to interact seamlessly with self-service kiosks and retail environments, facilitating contact-free transactions and enhancing customer experiences. This innovative approach offers enterprises and consumers a faster, more convenient method for ordering and accessing payment options, streamlining everyday interactions.

RateIt

Series A in 2019
RateIt Australia Pty Ltd, established in 2017 and headquartered in Melbourne, Australia, specializes in digital ratings applications. The company's platform focuses on enhancing customer feedback by providing tools that drive Net Promoter Score (NPS), facilitate reviews, improve training processes, and foster customer relationships. RateIt aims to redefine customer feedback, striving to ensure a positive experience for every customer.

RateIt

Series A in 2018
RateIt Australia Pty Ltd, established in 2017 and headquartered in Melbourne, Australia, specializes in digital ratings applications. The company's platform focuses on enhancing customer feedback by providing tools that drive Net Promoter Score (NPS), facilitate reviews, improve training processes, and foster customer relationships. RateIt aims to redefine customer feedback, striving to ensure a positive experience for every customer.

Ricult

Seed Round in 2018
Ricult Inc. is an online marketplace that connects farmers with input suppliers and crop buyers, aiming to improve the livelihoods of smallholder farmers in developing countries. Founded by MIT alumni in 2015, the company operates in Thailand and Pakistan, providing a platform that helps farmers procure essential resources such as crops, fertilizers, and micro-nutrients. Utilizing credit scoring algorithms and predictive psychometric tools, Ricult assesses farmers' creditworthiness to facilitate access to loans and farm inputs tailored to their needs. The platform also employs geographic information systems (GIS), remote sensing, soil mechanics, and weather studies to recommend inputs that can enhance crop yields. Headquartered in Boston, Massachusetts, Ricult is recognized as a social enterprise dedicated to lifting farmers out of poverty while engaging in a multi-billion dollar market.

Omnistream

Seed Round in 2018
Omnistream is a software development company based in Shatin, Hong Kong, that specializes in providing customer relationship management solutions for retailers in Hong Kong and China. The company offers a platform that enables frontline staff to engage in personalized communication with customers through mobile channels, integrating seamlessly with services like WeChat, SMS, and email. This solution helps brands monitor compliance in customer interactions. Additionally, Omnistream develops a retail data analytics platform that collects and analyzes data from various sources to identify shopping habits and trends, aiding retailers in making informed marketing and operational decisions. The platform synchronizes offline retail, e-commerce, and human capital, enhancing real-time persona intelligence and predictive operations to drive revenue.

Jumper.ai

Seed Round in 2018
Jumper.ai is a pioneering conversational commerce and shopper engagement platform that enables businesses to create seamless customer interactions across various channels, including social media and messaging apps. Serving high-profile clients such as Disney, Unilever, and Samsung, Jumper.ai offers a comprehensive suite of enterprise solutions designed to enhance the shopping experience. The platform utilizes artificial intelligence to personalize customer journeys, increase advertising conversions, and facilitate guided shopping processes. It allows users to complete purchases, process payments, and receive notifications without navigating separate online shopping sites. By integrating chat and human agent support, Jumper.ai effectively tracks user preferences and provides insights for consumer re-engagement, making it a valuable tool for enterprises looking to optimize their e-commerce strategies.

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.

Red Dot Payment

Series B in 2017
Red Dot Payment is an online payment company that provides payment solutions for banks, acquirers, and merchants across the Asia Pacific. It enables merchants and financial institutions to provide complete end-to-end payment options for their customers worldwide to pay seamlessly, swiftly, and securely. Integrate easily via APIs, plug into most major shopping carts and take the business to customers' mobile devices with its Android and IOS SDKs. Red Dot Payment's payment gateway is PCI DSS Level 1 certified to handle payment data, and all transactions are overseen by fraud monitoring systems. Red Dot Payment was founded in 2011 and is headquartered in Singapore. It also has offices in Bangkok and Jakarta.

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.

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.

Discotech

Venture Round in 2017
Discotech Inc. is a Los Angeles-based company that developed a smartphone application aimed at enhancing the nightlife experience in the United States. Founded in 2013, the app enables users to discover over 15,000 nightlife venues offering VIP table service, guest list reservations, and ticket purchases. It addresses longstanding issues within the nightlife industry, such as fragmentation, inefficiency, and lack of transparency, by allowing customers to interact directly with venues without the need for intermediaries. The platform not only facilitates event planning and ticket buying but also aims to reward VIP customers, ultimately streamlining the process of accessing various entertainment options, including nightclubs, concert halls, and music festivals.

Red Dot Payment

Series B in 2016
Red Dot Payment is an online payment company that provides payment solutions for banks, acquirers, and merchants across the Asia Pacific. It enables merchants and financial institutions to provide complete end-to-end payment options for their customers worldwide to pay seamlessly, swiftly, and securely. Integrate easily via APIs, plug into most major shopping carts and take the business to customers' mobile devices with its Android and IOS SDKs. Red Dot Payment's payment gateway is PCI DSS Level 1 certified to handle payment data, and all transactions are overseen by fraud monitoring systems. Red Dot Payment was founded in 2011 and is headquartered in Singapore. It also has offices in Bangkok and Jakarta.

Red Dot Payment

Venture Round in 2016
Red Dot Payment is an online payment company that provides payment solutions for banks, acquirers, and merchants across the Asia Pacific. It enables merchants and financial institutions to provide complete end-to-end payment options for their customers worldwide to pay seamlessly, swiftly, and securely. Integrate easily via APIs, plug into most major shopping carts and take the business to customers' mobile devices with its Android and IOS SDKs. Red Dot Payment's payment gateway is PCI DSS Level 1 certified to handle payment data, and all transactions are overseen by fraud monitoring systems. Red Dot Payment was founded in 2011 and is headquartered in Singapore. It also has offices in Bangkok and Jakarta.

Moka

Series A in 2016
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.

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.

Shelvspace

Venture Round in 2015
We are creating the first true mobile, cloud-based sales platform for consumer packaged good brands, distributors, and brokers. We provide a smarter, faster and cheaper way to promote retail products by putting powerful mobile sales tools, data, dashboards, and store level execution tools in the hands of sales teams and executives.

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.

TradeGecko

Series A in 2015
TradeGecko Pte. Ltd., established in 2012 and based in Singapore, specializes in inventory and order management software tailored for online businesses, particularly brand owners and distributors. The company offers a comprehensive suite of solutions, including its core platform TradeGecko, B2B e-commerce Store, mobile applications, and payment processing services. By integrating various sales channels, logistics, and accounting functions, TradeGecko provides users with a centralized system that simplifies operations and enhances efficiency. Key features of the platform include inventory control, purchasing, order management, customer relationship management, multichannel sales support, and detailed reporting capabilities. TradeGecko aims to alleviate the operational complexities faced by business owners, allowing them to focus on brand development and customer engagement.

HelloTech

Seed Round in 2015
HelloTech, Inc. offers in-home and online information technology support services aimed at helping consumers manage and upgrade their technology. Founded in 2014 and based in Los Angeles, the company provides a range of services including computer setup, virus removal, data backup, smart TV setup, and tech consultation. Additionally, HelloTech assists with the installation of security cameras and video doorbells. Utilizing a vetted, background-checked on-demand workforce, the company aims to enhance the way consumers access and receive support for their technological needs, ensuring a convenient and effective experience.

Red Dot Payment

Series A in 2014
Red Dot Payment is an online payment company that provides payment solutions for banks, acquirers, and merchants across the Asia Pacific. It enables merchants and financial institutions to provide complete end-to-end payment options for their customers worldwide to pay seamlessly, swiftly, and securely. Integrate easily via APIs, plug into most major shopping carts and take the business to customers' mobile devices with its Android and IOS SDKs. Red Dot Payment's payment gateway is PCI DSS Level 1 certified to handle payment data, and all transactions are overseen by fraud monitoring systems. Red Dot Payment was founded in 2011 and is headquartered in Singapore. It also has offices in Bangkok and Jakarta.

Staff Ranker

Debt Financing in 2014
StaffRanker, offers a cloud based solution that provides tools for owners and management teams to better Track, Coach and Train employees real-time. The solution is designed for the fast-paced, ever changing environment of the Food Service, Retail and Hospitality industries. It was developed to lower employee turnover, improve employee engagement and elevate the customer experience.

Markkit

Seed Round in 2013
Mobile shoppertainment: peep new trends, get #OOTD inspo, and play games with your style, to win prizes for you and your friends.

TradeGecko

Seed Round in 2012
TradeGecko Pte. Ltd., established in 2012 and based in Singapore, specializes in inventory and order management software tailored for online businesses, particularly brand owners and distributors. The company offers a comprehensive suite of solutions, including its core platform TradeGecko, B2B e-commerce Store, mobile applications, and payment processing services. By integrating various sales channels, logistics, and accounting functions, TradeGecko provides users with a centralized system that simplifies operations and enhances efficiency. Key features of the platform include inventory control, purchasing, order management, customer relationship management, multichannel sales support, and detailed reporting capabilities. TradeGecko aims to alleviate the operational complexities faced by business owners, allowing them to focus on brand development and customer engagement.

Connexity

Seed Round in 2012
Connexity, Inc. is a technology-driven marketing solutions company that specializes in connecting retailers with consumers through its price comparison shopping platform. Founded in 1996 and based in Santa Monica, California, Connexity offers a variety of marketing solutions, including search marketing, syndicated product listings, and targeted display advertising. The company assists online retailers in acquiring new customers and driving sales while providing publishers with monetization opportunities through cost-per-click arrangements. Connexity operates in multiple countries, including the United States, the United Kingdom, France, and Germany, managing various business services and sites such as Bizrate and Shopzilla. Formerly known as Shopzilla, Inc., the company rebranded in 2014 and is now owned by Symphony Technology Group.
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