“For her part, Phuong helped us establish our Vietnam portfolio. We’re confident that she’ll only do better as she takes leadership of the whole investment team,” said Gavin Lee, General Partner at Wavemaker. She has stepped up as a leader, helping nurture and develop members of the investment team. For Fund 4, she’s done Shikho (edtech), Poladrone (agritech), Bitfrost (AI & data), and STACS (blockchain & fintech). Mel has a wealth of experience investing in promising companies across a range of industries, geographies, and technologies, including GudangAda (B2B marketplace), Musiio (AI for music industry), and ecoSPIRITS (smart circular spirits distribution). “Mel and Phuong are both smart, analytical, and tireless in everything they do.
She also worked as a project coordinator to develop a joint venture project between a Singaporean petrochemical firm and Vietnam’s largest refinery Dung Quat.
#WAVEMAKER GRANTS SERIES#
Before joining the firm in March 2020, she was one of the early members of Vietnamese venture capital firm VinaCapital Ventures, where she sourced and executed Seed and Series A deals. On the other hand, Tran previously held the role of Senior Associate at Wavemaker. Ho graduated Summa Cum Laude from New York University, with a double major in International Relations and Economics. Subsequently, she joined Shopee and led its regional marketing team, sourcing and nurturing strategic platform-wide partnerships across synergistic industries.
She started her career at Singapore Airlines, where she held various roles, from corporate strategy, fuel procurement and hedging, to product innovation and management. Ho joined the venture capital firm in September 2018 and most recently served as Vice President for Investments, covering the markets of Singapore, Indonesia, Malaysia, Bangladesh, and Australia. Ho will lead the firm’s whole investment team, as well as sit on the boards of portfolio companies, while Tran will lead Vietnam investments for Wavemaker and solidify the VC firm’s efforts in the country. The firm on Tuesday announced the appointments of Melissa Ho to Principal and Phuong Tran to Vice President for Investments and Country Head for Vietnam. The firm has also seen significant up-rounds for a wide range of portfolio companies, such as agritech startup eFishery, business to business (B2B) e-commerce platforms Growsari and GudangAda, financial crime-detecting AI company Silent Eight, and Iterative Scopes, which developed AI-powered precision-based technology for gastroenterology.Īs Wavemaker continues to grow its investment impact, it also strengthens its organization.
#WAVEMAKER GRANTS SOFTWARE#
These exits include mobile point-of-sale system Moka (acquired by Gojek), cloud communications software company Wavecell (acquired by 8×8), inventory and order management platform TradeGecko (acquired by Intuit), and online payment solutions provider Red Dot Payment (acquired by PayU/Naspers) - all among the Top 10 M&A deals in Southeast Asia for all time. The firm has delivered more than 10 exits so far with an aggregate enterprise value of over $700 million. Wavemaker’s investment strategy has led to the creation of a differentiated portfolio which has started to bear fruit. The firm also recently launched a climate tech venture co-builder called Wavemaker Impact, which aims to co-found “100 x 100” companies or those with the potential to deliver US$100 million in revenue while abating 100 million metric tons of carbon emissions on an annual basis. Today, 75 percent of its active portfolio startups contribute to at least one of the United Nations Development Programme’s Sustainable Development Goals. The firm remains steadfast in its goal of finding solutions to pertinent issues in the region. Out of the 170-plus companies it has invested in since 2012, about 150 (85 percent) are in enterprise, deep tech and/or sustainability. Wavemaker has trained its sights on enterprise, deep tech and sustainability startups - a rare focus for a venture capital firm in Southeast Asia. We hope to validate their trust as we continue to back high-growth startups that solve meaningful problems in enterprise, deep tech, and sustainability,” said Paul Santos, Managing Partner at Wavemaker. “We are grateful to our limited partners who have believed in us and stayed with us over the past 10 years, and we welcome the new investors who have decided to take the leap with us. The fund is anchored by returning investors Pavilion Capital, Temasek Holdings, the International Finance Corporation, and Vulcan Capital.
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