Wavemaker Impact is Southeast Asia's climate-tech venture builder, co-founding startups with proven entrepreneurs to cut emissions at regional scale. Launched in 2021 as part of the Wavemaker Partners platform and led by founding partner Marie Cheong, the firm targets the region's largest emission sources in agriculture, energy, industry, built environment, and transport, with a long-term goal of helping reduce 10% of the global carbon budget by 2035.
Every Wavemaker Impact company is built as a '100×100' venture: potential to abate 100 million metric tons of CO₂e per year and reach $100M in high-margin revenue. The team runs a multi-month validation process with experienced founders before co-building and investing, then follows on through Seed, Series A, and toward Series B.
Its $60M debut fund closed at hard cap in 2023 with LPs including DFC, British International Investment, Triple Jump, JG Summit, and Qarlbo Energy, portfolio includes Rize (sustainable rice), Agros, WasteX, Helios, and others across Southeast Asia.
$250,000 – $750,000
Photo credit: Wavemaker Impact
100×100 Thesis
Only builds companies with potential to abate 100Mt CO₂e/year and reach $100M revenue — venture scale meets climate scale.
Co-Found, Don't Just Fund
Partners with proven entrepreneurs to validate and launch climate ventures over a multi-month build process.
SEA Emissions Focus
Targets agriculture, energy, industry, built environment, and transport — the region's largest carbon drivers.
Follow-On to Series B
$60M debut fund supports companies from venture build through Seed, Series A, and toward Series B.
Sectors
Focus areas
