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Singapore-based Wavemaker Partners closes 3rd investment fund for SEA at US$111 mil

Bloomberg
Bloomberg7/15/2020 02:15 PM GMT+08  • 1 min read
Singapore-based Wavemaker Partners closes 3rd investment fund for SEA at US$111 mil
The Singapore-based firm exceeded its initial target of US$100 million, drawing new investor Concentric Equity Partners along with existing backers including Temasek Holdings Pte, Pavilion Capital, International Finance Corp. and Vulcan Capital.
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(July 15): Wavemaker Partners LLC, an early-stage venture capital firm, has closed its third investment fund for Southeast Asia at US$111 million ($154.6 million).

The Singapore-based firm exceeded its initial target of US$100 million, drawing new investor Concentric Equity Partners along with existing backers including Temasek Holdings Pte, Pavilion Capital, International Finance Corp. and Vulcan Capital.

Wavemaker, one of the early Singapore venture firms focused on business-to-business startups, has invested in more than 130 companies since 2012. About 100 are enterprise-related ventures, while the rest are working on scientific discoveries and engineering advancements. So far, Wavemaker has had 11 exits.

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