Wavemaker Impact will join forces with proven tech and sustainability entrepreneurs in Southeast Asia to reduce global carbon emissions by 10% by 2035
SINGAPORE – Media OutReach – 28 October 2021 – Wavemaker Partners has launched Wavemaker Impact, a first-of-its-kind climate tech venture builder in Southeast Asia, targeting to raise US$25 million for its first fund. Climate change is an existential threat for the region, with three of its largest cities facing the threat of being underwater by 2050. The founders of Wavemaker Impact believe that entrepreneurs will drive solutions to climate change and aim to launch companies that will reduce 10% of global emissions by 2035.
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About Wavemaker Partners
Wavemaker Partners is Southeast Asia’s go-to VC firm investing in enterprise and deep tech startups. Since 2012, it has backed 140+ companies, of which 120+ (85%) are in enterprise and deep tech. The firm has US$180 million in AUM across three funds in the region and has seen 10 exits valued at close to US$700 million. Today, 70% of Wavemaker’s active portfolio startups in Southeast Asia are aligned with at least one UNDP Sustainable Development Goal.
