Backed by Temasek, Wavemaker closes $66m venture fund for Southeast Asia

Left: Paul Santos, managing partner of Wavemaker. Right: Tim Draper

Early-stage venture capital firm Wavemaker Partners has closed its second south-east Asia-focused vehicle at $66 million, exceeding its target of $50 million by 32 per cent.

Singapore-based Temasek Holdings Pte, World Bank Group’s IFC, as well as prominent companies and family offices from the region have invested in the vehicle.

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