About Wavemaker Partners
Wavemaker Partners is a venture capital firm founded in 2003. It is primarily based out of Los Angeles, United States. As of Oct 2026, Wavemaker Partners is an active investor, having invested in 475 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Seed round of Blue Whale Energy Overall, Wavemaker Partners portfolio has seen 5 unicorns, 9 IPOs and 92 acquisitions including key companies like Coins.ph, Mindbody and Blaize. A lot of funds co-invest with Wavemaker Partners, with names like SEEDS Capital sharing a substantial percentage of its portfolio. Wavemaker Partners has team of 36 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Wavemaker Partners' List of Top Investments
Wavemaker Partners has a portfolio of 475 companies, including 5 unicorns. Their most notable investments are in Zuno Carbon and Rexter.Their portfolio spans across United States, Singapore, Philippines and 19 more locations. They have invested in Enterprise Applications, Consumer, Retail and 33 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by Wavemaker Partners:
Thrive Market is an online membership-based platform offering organic groceries. Their product catalog includes snacks, beauty products, household products, beverages, etc. The company claims that its users can shop across categories like vegan, paleo, raw, gluten-free, etc. Some of the brands associated with the company are Jackson's honest, Acure, Smarty Pants, etc.
Key facts about Thrive Market
- Founded Year: 2014
- Location: Los Angeles (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $332M
- Employee Count: 929 as on Sep 30, 2026
- Investors: Western Technology Investment, SIZE and 65 Others
- Latest Funding Round: Series C, Jul 16, 2018, $*****
- Highlight: Editors' Pick
2. Coins.ph
Coins.ph is a digital wallet for Bitcoin assets. Allows users to transfer cash, bill payments, and phone recharge. It enables merchants to accept payments for multiple goods and services. It also facilitates buying and selling of Bitcoins.
Key facts about Coins.ph
- Founded Year: 2014
- Location: Pasig (Philippines)
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 414 as on Sep 30, 2026
- Investors: Ribbit Capital, Innovation Endeavors and 17 Others
- Latest Funding Round: Series C, May 19, 2022, $*****
- Highlight: Acquired
3. Yulu
Platform offering shared electric two-wheeler rentals. It provides dockless, low-speed electric bikes for short-distance city travel. It includes battery-as-a-service subscriptions and offers app-based unlocking and real-time ride tracking. The platform aims to reduce urban congestion and emissions while serving both commuters and delivery riders.
Key facts about Yulu
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $198M
- Employee Count: 185 as on May 31, 2025
- Investors: Firebolt Ventures, Rocketship and 76 Others
- Latest Funding Round: Series C, Aug 11, 2026, $*****
- Highlight: Editors' Pick
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4. Mindbody
Provider of SaaS-driven business management software for beauty salons and fitness centers. It enables businesses to manage classes, appointment schedules, staff members, client information, online bookings, inventory, payroll, retail sales & more. It also provides a platform for users to book workouts at home via the virtual assistant.
Key facts about Mindbody
- Founded Year: 2001
- Location: San Luis Obispo (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2017
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $118M
- Employee Count: 1,408 as on Sep 30, 2026
- Investors: TDM Growth Partners, Golub Growth and 13 Others
- Latest Funding Round: Series D, Mar 18, 2019, $*****
- Highlight: Acquired
5. Blaize
Developer of hardware and software solutions optimizing artificial intelligence applications. The company provides platforms designed for efficient, flexible, accurate, and cost-effective deployment of AI at the edge. It offers a graph streaming processor architecture and an AI software suite. The company’s products address AI use cases across various markets.
Key facts about Blaize
- Founded Year: 2010
- Location: El Dorado Hills (United States)
- Annual Revenue: $10M - $50M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $136M
- Employee Count: 132 as on Jan 31, 2025
- Investors: Samsung Catalyst Fund, Bess Ventures and 24 Others
- Latest Funding Round: Post IPO, Nov 11, 2025, $*****
- Highlight: Public
Wavemaker Partners' Year-on-Year Investment Trends
Wavemaker Partners has invested in 475 companies over the last 23 years, with an average of 17 new investments annually in the last 10 years. In 2025, it made 7 investments, while as of Oct 2026, it has made 6 investments in this year. Its most recent first time investment was in Blue Whale Energy and most recent follow-on round was in Neocrete.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 2 | 6 |
2025 | 1 | 6 | 7 |
2024 | 25 | 6 | 31 |
2023 | 15 | 11 | 26 |
2022 | 20 | 16 | 36 |
2021 | 32 | 10 | 42 |
2020 | 17 | 7 | 24 |
2019 | 15 | 11 | 26 |
2018 | 18 | 3 | 21 |
2017 | 16 | 10 | 26 |
Wavemaker Partners' Investments by Stage
Wavemaker Partners has made 179 investments in Seed stage with an average round size of $2M, 65 investments in Series A stage with an average round size of $7.25M and 7 investments in Series B stage with an average round size of $11.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 179 |
Series A | 65 |
Series B | 7 |
Series C | 3 |
Unattributed | 3 |
Others | 2 |
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 Enterprise Applications, Consumer, Retail, High Tech and Vertical SaaS. Notably, it has invested in 402 Tech companies, 304 Enterprise (B2B) companies, 246 Software companies and at least 174 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 126 |
Consumer | 64 |
Retail | 42 |
High Tech | 35 |
Vertical SaaS | 35 |
Others | 283 |
Note: We have considered here, only first round of investments
Wavemaker Partners' Investments by Geography
Wavemaker Partners has made most investments in United States (94), followed by Singapore where it has made 83 investments.Country | No. of Investments |
|---|---|
United States | 94 |
Singapore | 83 |
Philippines | 16 |
Indonesia | 12 |
China | 8 |
Others | 46 |
Note: We have considered here, only first round of investments
Wavemaker Partners' recent investments
Wavemaker Partners has made 6 investments in 2026 so far. Blue Whale Energy and Neocrete 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 19, 2026 | Singapore | Seed | 7899 | [+1] | |
Aug 26, 2026 | New Zealand | Seed | 4263 | [+1] | |
Jul 27, 2026 | India | Seed | 7247 | - | |
Jun 22, 2026 | Singapore | Seed | 1312 | [+3] | |
Apr 30, 2026 | United States | Series A | 5219 | [+4] |
Unicorns in Wavemaker Partners' Portfolio
Wavemaker Partners has 5 unicorns in its portfolio - Iterative Health, eFishery, VideoAmp and others. The most recent unicorn in their portfolio is Iterative Health. It became a unicorn in 2026, 6 years after Wavemaker Partners first invested in it.Here is a list of unicorns in Wavemaker Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Provider of AI-based device for endoscopic images of gastroenterological diseases | 2017 | Cambridge | Series C | fllriqd | ||
54 | Provider of technology solutions for sustainable aquaculture | 2013 | Bandung | Series D | sbwvazw | ||
57 | Data driven advertising media measurement and optimization tools | 2014 | Los Angeles | Series G | mksdurt | ||
75 | Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand | 2015 | New York City | Series D | wmqzkhz | ||
67 | Provider of AI-powered 3D printed launch vehicles for small payloads | 2015 | Inglewood | Series E | hcwzbku |
IPOs and Publicly Listed companies in Wavemaker Partners' Portfolio
9 of Wavemaker Partners' portfolio companies have become public. Serve Robotics got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2024 at marketcap of $56.8M and WEBUY got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $207M.Here are Wavemaker Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 18, 2024 | Aug 10, 2023 | Series A | 5984 | |
Oct 19, 2023 | Oct 29, 2020 | Series A | 8541 | |
Jan 31, 2022 | Sep 05, 2018 | Series C | 6312 | |
Jun 04, 2019 | - | - | 8567 | |
Nov 18, 2016 | - | - | 1482 |
Acquired companies in Wavemaker Partners' Portfolio
92 companies from Wavemaker Partners' portfolio have been acquired. The most recent acquisition was Lumitics in Jul 2026 by Winnow for $*****.Here are Wavemaker Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2026 | - | - | 7926 | |
Jul 07, 2026 | Mar 25, 2021 | Series B | 7052 | |
Jul 01, 2026 | Jan 30, 2023 | Seed | 7866 | |
Nov 10, 2025 | - | - | 6455 | |
Oct 23, 2024 | Sep 20, 2017 | Seed | 7485 |
Team profile of Wavemaker Partners
Wavemaker Partners has a team of 36 members including 5 Partners, 4 Venture Partners and 8 Principals located in Singapore, United States and 2 more locations. Wavemaker Partners' team sits on the board of 7 companies.Here is a list of top team members in Wavemaker Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | - | ||
Partner | United States | |||
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | Singapore | - | - | |
Venture Partner | Singapore | - | ||
Venture Partner | New Zealand | - | ||
Venture Partner | United States | - | - | |
Venture Partner | United States | - | ||
Principal | Singapore | |||
Principal | United States | - |
Co-investors of Wavemaker Partners
Over the past 23 years, 1425 investors have co-invested in Wavemaker Partners's portfolio companies. This includes funds and angels.
- Invested before Wavemaker Partners: 500 Global, Joyful Frog Digital Innovation and 390 others have invested in rounds before Wavemaker Partners. There are 6 companies where 500 Global has invested before Wavemaker Partners and 5 companies where Joyful Frog Digital Innovation has invested before Wavemaker Partners.
- Top Co-investors of Wavemaker Partners: 501 investors entered a company along with Wavemaker Partners. These include investors like SEEDS Capital (11 companies).
- Invested after Wavemaker Partners: A total of 532 investors have invested in Wavemaker Partners's portfolio after their investments. Top Investors include EDBI (8 companies), SEEDS Capital (6 companies) and Endeavor (5 companies).
Recent News related to Wavemaker Partners
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MFast Raises $6M Series A to Launch Agent-Based Financial Services Network in PhilippinesThe SaaS News•Sep 01, 2026•MFast, Wavemaker Partners
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Neocrete raises US$3.5M to make low-carbon concrete cheaper for builderse27•Aug 19, 2026•Neocrete, Temasek Trust, Wavemaker Partners, com.sg
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ChemT nets US$4M to make cell therapies easier to manufacturee27•Jun 22, 2026•ChemT Biotechnology, Wavemaker Partners, Wavemaker 360, Draper and 2 others
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Asia-Pacific Startups Secure Funding; Keyrock Reaches $1.1B ValuationLet's Data Science•Apr 14, 2026•Wavemaker Partners
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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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SG procurement firm Eezee raises $5m pre-series BTech in Asia•Feb 24, 2026•Korea Investment Holdings, eezee, Kickstart Ventures, Wavemaker Partners and 1 other
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Singapore tech firms to have majority share of Asia's 9 million by 2025, valued at $2.3 billionhttps://mtgamer.com•Oct 04, 2025•East Ventures, 500 Global, Wavemaker Partners, Integra Partners
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Singapore tech firms bag majority of S-E Asia funding for 9M 2025, at US$2.3 billionThe Business Times•Oct 03, 2025•Sygnum, SEEDS Capital, Integra Partners, East Ventures and 2 others
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Virtual spiritual app Vama is set to raise $2.7 million in pre-Series A round led by Wavemaker Partners.Entrackr•Sep 27, 2025•VAMA, AppsForBharat, 500 Global, Wavemaker Partners and 3 others
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Atomionics bags US$12.7M to map earth’s subsurface with quantum sensorse27•Sep 16, 2025•SG Growth Capital, Atomionics, Paspalis, VU Venture Partners and 3 others
