Wavemaker’s new fund’s all about automation, data, and intelligence: Paul Santos

Wavemaker Partners is hunting for automation, data, and intelligence startups across the region. The venture capital firm is in the process of closing its Southeast Asia-focussed $50 million fund, and is eyeing about 40 more companies, that would make its portfolio 80-strong, its managing partner Paul Santos said in an interaction. Its main focus – about 80 per cent of the fund – would still be business-to-business (B2B) models, while the remaining 20 per cent will go to B2C. The firm has at least 10 portfolio companies that count Indonesia as a key market and is looking to invest more in the country, he added. Edited Excerpts.