Wavemaker Pacific 1 Pte. Ltd. (IFC-40090)

  • South Asia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 29, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Wavemaker Partners
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2018

Disclosed by Bank Aug 15, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

This project funds multiple seed stage investments in the Southeast Asia region. This project focused to invest in B2B companies led by entrepreneurs that use technology to deliver high-impact Automation, Data & Intelligence. 

Investment Description
  • International Finance Corporation (IFC)
Financial Intermediary
Private Actors
Private Actors Description

The Fund Manager of Wavemaker SEA Fund II is Wavemaker Pacific Partners, which is primarily owned Paul Santos (Managing Partner, Singapore), Eric Manlunas (Managing Partner, LA) and David Siemer (Managing Partner, LA). The Fund is sponsored by a $15 million anchor investment by Wavemaker Partners III L.P., a limited partnership formed in the USA.

Contact Information

Project Contact: Amar Odedra
Director, Strategic Partnerships, Wavemaker Pacific Partners Pte. Ltd. 
Telephone No.: +65 97591277
Email Address: amar@wavemaker.vc
Office Address: 71 Ayer Rajah Crescent, #05-01 Singapore 139951
Website: http://wavemaker.vc


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/