About Wavemaker Partners
Wavemaker Partners is a venture capital firm founded in 2012. It is primarily based out of Singapore, Singapore. As of Oct 2026, Wavemaker Partners is an active investor, having invested in 9 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in Singapore based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and High Tech. Most recently it participated in the $***** Series A round of Aliena A lot of funds co-invest with Wavemaker Partners, with names like LearnStart sharing a substantial percentage of its portfolio. Wavemaker Partners has team of 44 people including 6 partners.Key Metrics
Wavemaker Partners' List of Top Investments
Wavemaker Partners has a portfolio of 9 companies. Their most notable investments are in Confluxe and DataMasque.Their portfolio spans across Singapore, Bangladesh, India and 4 more locations. They have invested in Enterprise Applications, Retail, High Tech and 6 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Wavemaker Partners:
1. Shikho
Provider of digital learning resources for academic and admission preparation. This platform offers live and recorded video lessons, animated educational content, and practice assessments. It provides study materials and analytical tools to support curriculum-based learning and test preparation. The system facilitates access to instructional content and performance tracking for students.
Key facts about Shikho
- Founded Year: 2019
- Location: Dhaka (Bangladesh)
- Stage: Series A
- Total Funding till date: $8M
- Employee Count: 516 as on Sep 30, 2026
- Investors: Goodwater Capital, Learn Capital and 18 Others
- Latest Funding Round: Series A, May 07, 2025, $*****
- Highlight: Editors' Pick
2. FlixStock
Provider of automated visual content creation for fashion e-commerce brands. This business utilizes artificial intelligence to generate product imagery, virtual models, and video content from static product links or photographs. Services include background removal, color correction, and image editing to maintain consistency across product catalogs. The platform facilitates the production of studio-quality visuals, including packshots and model-on-white photography, without requiring traditional photoshoots. Human review processes are integrated into the workflow to ensure output accuracy and quality. The technology supports the creation of dynamic video reels and digital models for use in online retail environments.
Key facts about FlixStock
- Founded Year: 2014
- Location: Singapore (Singapore)
- Annual Revenue: $1M - $10M as on Mar 31, 2025
- Stage: Series A
- Total Funding till date: $2.5M
- Employee Count: 118 as on Feb 28, 2026
- Investors: Leo Capital, Wavemaker Partners and 3 Others
- Latest Funding Round: Series A, Mar 02, 2020, $*****
- Highlight: Editors' Pick
3. Oraan
App-based group savings platform. It allows users to join or make groups and save money within the group. Users can decide the number of members, payments calendar, saving amount, duration of the circle, due dates to remind members of the payment, keep track, and maintain a history of payments by the group using the app. It is currently available on both Android and iOS platforms.
Key facts about Oraan
- Founded Year: 2018
- Location: Karachi (Pakistan)
- Stage: Series A
- Total Funding till date: $4M
- Employee Count: 42 as on Sep 30, 2026
- Investors: Luno Expeditions, Plug and Play Tech Center and 13 Others
- Latest Funding Round: Series A, Jul 27, 2026, $*****
- Highlight: Editors' Pick
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4. VFlow Tech
Manufacturer of vanadium redox flow batteries for energy storage systems. These systems utilize liquid electrolyte solutions to store electrical energy for long durations. The technology provides a method for managing power loads and integrating renewable energy sources into electrical grids. The hardware includes stack designs and management systems to regulate charge and discharge cycles. These units are designed for industrial, commercial, and off-grid applications requiring consistent power availability.
Key facts about VFlow Tech
5. Aliena
Manufacturer of electric propulsion systems for small and medium satellites. These systems include hall thrusters, hollow cathodes, and integrated propulsion units designed for nanosatellites and microsatellites. The hardware supports various power levels and thrust requirements for orbital maneuvering and station keeping. Production involves vacuum testing, clean room assembly, and thrust measurement diagnostics. The propulsion units are compatible with commercial launch vehicles and are designed for integration into satellite platforms.
Key facts about Aliena
- Founded Year: 2018
- Location: Singapore (Singapore)
- Annual Revenue: SGD 0 - 1M as on Dec 31, 2023
- Stage: Series A
- Total Funding till date: $11.1M
- Employee Count: 19 as on Sep 30, 2026
- Investors: SEEDS Capital, 500 Global and 11 Others
- Latest Funding Round: Series A, Oct 14, 2026, $*****
- Highlight: Editors' Pick
Wavemaker Partners' Year-on-Year Investment Trends
Wavemaker Partners has invested in 9 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of Oct 2026, it has made 5 investments in this year. Its most recent first time investment was in Aliena.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 0 | 5 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
Wavemaker Partners' Investments by Stage
Wavemaker Partners has made 4 investments in Seed stage with an average round size of $2.29M, 4 investments in Series A stage with an average round size of $8.55M and 1 investment in Series B stage with an average round size of $5M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 4 |
Series B | 1 |
Note: We have considered here, only first round of investments
Wavemaker Partners' Investments by Sector
Wavemaker Partners has a diverse portfolio, with companies operating in the Consumer, High Tech, Enterprise Applications, Retail and Aerospace, Maritime and Defense Tech. Notably, it has invested in 9 Tech companies, 5 Enterprise (B2B) companies, 5 Software companies and at least 2 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 3 |
High Tech | 3 |
Enterprise Applications | 2 |
Retail | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Wavemaker Partners' Investments by Geography
Wavemaker Partners has made most investments in Singapore (4), followed by Bangladesh where it has made 1 investment.Country | No. of Investments |
|---|---|
Singapore | 4 |
Bangladesh | 1 |
India | 1 |
New Zealand | 1 |
Pakistan | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Wavemaker Partners' recent investments
Wavemaker Partners has made 5 investments in 2026 so far. Aliena and Oraan are the latest among them.Here are the most recent investments by Wavemaker Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 14, 2026 | Singapore | Series A | 9969 | [+1] | |
Jul 27, 2026 | Pakistan | Series A | 7913 | [+1] | |
Jul 17, 2026 | Singapore | Seed | 8232 | [+3] | |
Jun 01, 2026 | New Zealand | Series A | 3115 | [+1] | |
Feb 27, 2026 | India | Seed | 3152 |
Team profile of Wavemaker Partners
Wavemaker Partners has a team of 44 members including 6 Partners, 4 Venture Partners and 12 Principals located in Singapore, United States and 3 more locations. Wavemaker Partners' team sits on the board of 2 companies.Here is a list of top team members in Wavemaker Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | |||
Partner | Los Angeles | - | - | |
Partner | Singapore | - | ||
Partner | Singapore | - | - | |
Partner | Singapore | - | - | |
Partner | - | - | - | |
Venture Partner | United States | - | - | |
Venture Partner | New York City | - | - | |
Venture Partner | London | - | ||
Venture Partner | Singapore | - | ||
Principal | Miami | - |
Co-investors of Wavemaker Partners
Over the past 7 years, 63 investors have co-invested in Wavemaker Partners's portfolio companies. This includes funds and angels.
- Invested before Wavemaker Partners: Wavemaker Partners, SEEDS Capital and 33 others have invested in rounds before Wavemaker Partners. There are 4 companies where Wavemaker Partners has invested before Wavemaker Partners and 3 companies where SEEDS Capital has invested before Wavemaker Partners.
- Top Co-investors of Wavemaker Partners: 13 investors entered a company along with Wavemaker Partners. These include investors like LearnStart (1 company).
- Invested after Wavemaker Partners: A total of 15 investors have invested in Wavemaker Partners's portfolio after their investments. Top Investors include Wavemaker Partners (2 companies), Learn Capital (1 company) and Vibe Capital (1 company).
Recent News related to Wavemaker Partners
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Dainik Bhaskar family office leads investment in spiritual tech startup VamaEntrackr•Oct 28, 2026•Wavemaker Partners, VAMA, Silverneedle Ventures
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Wavemaker, ADB Ventures back battery startup Blue Whale Energy in $4m seed fundingTech in Asia•Oct 19, 2026•Wavemaker Partners, Blue Whale Energy, Asian Development Bank
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Australian and NZ startups raise $17M in fundingStartup Daily•Jun 05, 2026•DataMasque, Wavemaker Partners
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DataMasque triples headcount after US$4m raise led by WavemakerThe Australian•Jun 01, 2026•DataMasque, WaveMaker, Wavemaker Partners, OIF Ventures and 1 other
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Singapore's Groundup.ai Secures $10M+ Cognitive Maintenance ...BEAMSTART•Mar 31, 2026•Wavemaker Partners, SEEDS Capital, com.sg, Ground Up and 2 others
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Wavemaker Partners Leads $1.6 Mn Pre-Seed Round in ConfluxeStartupNews•Mar 11, 2026•Wavemaker Partners, Wavemaker Partners, Confluxe, Kriscore
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VFlowTech has raised USD 20.5 Million in a fresh funding round led by Granite AsiaEnablers•May 14, 2025•VFlow Tech, Granite Asia, Antares Ventures, MOL PLUS and 5 others
