Wavemaker Closes $136 Million Fund for Southeast Asia Startups
- Singapore VC firm was initially targeting $120 million
- Fourth fund brings its assets under management to $300 million
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Wavemaker Partners LLC, an early-stage venture capital firm, closed its fourth fund at $136 million to back startups in Southeast Asia’s fast-growing technology industry.
The firm exceeded its initial target of $120 million, with existing backers Temasek Holdings Pte, Pavilion Capital, International Finance Corp. and Vulcan Capital participating, the Singapore-based company said in a statement on Tuesday.