WaveMaker Partners Closing New $50M Fund, With Southeast Asia Focus

Los Angeles- and Singapore-based WaveMaker Partners, the venture capital firm managed here in LA by Eric Manlunas and David Siemer, with Paul Santos in Sinagpore, said over the weekend that it is finalizing its new, $50M fund. The new fund has a new focus specifically on investing in companies in Southeast Asia. WaveMaker said the new fund has a specific focus on B2B, early stage startups in Indonesia. The new fund is tied to Tim Draper's Draper Venture Network (DVN). The fund is WaveMaker's fifth.