About Wavemaker Partners
Wavemaker Partners is a venture capital firm founded in 2012 by Paul Santos (Singapore) and Eric Manlunas (Los Angeles), grown out of the Draper Venture Network into a bi-coastal firm spanning Southeast Asia and Southern California. Its Asian fund focuses on enterprise, deep tech, and sustainability, with the Philippines as one of its core Southeast Asian markets alongside Singapore, Indonesia, Vietnam, and Thailand.
Since 2012, Wavemaker has backed more than 200 companies region-wide, with over $500 million in total committed capital and exits generating over $2 billion in enterprise value. It operates three fund strategies — Wavemaker Ventures (early-stage), Wavemaker Impact (venture building for climate/decarbonization), and Wavemaker Growth (growth-stage).
Investment Thesis
Wavemaker favors scalable, capital-efficient, sustainable businesses that solve meaningful problems substantially better than existing alternatives, backing thoughtful, mission-driven founders with clear conviction and vision. Its Philippine activity is documented primarily through regional deals with Philippine participation — it was an investor in GrowSari's $77.5 million Series C round — rather than a large publicly confirmed roster of standalone Philippine portfolio companies; its broader Southeast Asian mandate spans enterprise software, deep tech, and sustainability-focused ventures at seed through growth stage.
Portfolio Companies
GrowSari (Series C)