SINGAPORE –\u00a0Media OutReach<\/a> – 28\u00a0October\u00a02021\u00a0–<\/b>\u00a0Wavemaker Partners<\/a>
\u00a0 Caption: Founding
The
\u00a0<\/p>\n Tapping on the Wavemaker platform, Wavemaker Impact entrepreneurs will
\u00a0<\/p>\n According to Marie Cheong, “With existing technology, we already have
\u00a0<\/p>\n Wavemaker Impact has identified high-growth and scalable opportunities
\u00a0<\/p>\n Cheong outlines the role that Wavemaker Impact is playing: “A lot of entrepreneurs
\u00a0<\/p>\n Steve Melhuish elaborates on their way of working: “Unlike other climate
\u00a0<\/p>\n The Wavemaker Impact team has already identified over 50 opportunity
\u00a0<\/p>\n Launching a climate-focused fund is a natural move for Wavemaker
\u00a0<\/p>\n Paul Santos adds, “We know what successful ventures look like in
\nhas launched Wavemaker Impact<\/a>, a first-of-its-kind climate tech venture builder
\nin Southeast Asia, targeting to raise US$25 million for its first fund. Climate
\nchange is an existential threat for the region, with three of its largest
\ncities facing the threat of being underwater by 2050. The founders of Wavemaker
\nImpact believe that entrepreneurs will drive solutions to climate change and
\naim to launch companies that will reduce 10% of global emissions by 2035.<\/p>\n![](\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/190591\/WMi-Press-Release-Image.jpeg#image-190591\")
<\/p>\n
\nmembers L-R: Quentin
\nVaquette, Doug Parker, Marie Cheong, Paul Santos, and Steve Melhuish.<\/p>\n
\nfounding team at Wavemaker Impact comprises veterans that have invested in and
\nhelped build over 35 sustainability startups, and have stellar track records in
\ngrowing successful and scalable businesses. They include Steve Melhuish, PropertyGuru
\nfounder and impact investor; Doug Parker, ex-COO of Nutonomy; Paul Santos,
\nManaging Partner of Wavemaker Partners in Southeast Asia; and Quentin Vaquette
\nand Marie Cheong, who built more than 10 climate tech startups during their
\ntime at ENGIE Factory, the Asia-based venture arm of a global low-carbon
\nutility.<\/p>\n
\nhave access to a network of global investors, advisors, and corporate partners.<\/p>\n
\nthe solutions to cut global carbon emissions by 50%, but we need to create
\nincentives to disrupt traditional businesses, change behavior, and drive
\nadoption.”<\/p>\n
\nin climate change with a total potential market worth S$2<\/a>.<\/a>7
\ntrillion in Southeast Asia alone<\/a>, and is looking for investors, entrepreneurs,
\nand founders to join them in their rapid decarbonization efforts.<\/p>\n
\nwant to make an impact, but don’t know where to start and that’s where we come
\nin.”<\/p>\n
\nfunds, we don’t just write checks\u2014we roll up our sleeves and co-found these
\nbusinesses, helping identify the biggest opportunities, acquire the first
\ncustomers, develop scalable business models, build product prototypes, and
\nbuild the best teams.”<\/p>\n
\nareas with the potential to reach US$100 million in annual recurring revenue
\nand abate 100 million metric tons of carbon at scale\u2014what they call ‘100 x 100
\ncompanies’. These high-growth opportunities present themselves in sectors like
\nland use and carbon sinks, agriculture and food, industrial processes, and
\nenergy. The team aims to target the biggest sources of carbon emissions in
\nSoutheast Asia\u2014where significant impact is possible.<\/p>\n
\nPartners, as the firm itself is committed to sustainability, with a
\nnumber of initiatives<\/a> over the last 18 months. The VC launched “Green
\nWave” last year to help the Wavemaker team and its community become more
\nsustainability-focused\u2014some of the efforts taken under the initiative include
\ngoing carbon neutral, mapping its portfolio of startups against the UN
\nSustainable Development Goals, and running sustainability workshops for
\nfounders.<\/p>\n
\nSoutheast Asia and we have the expertise. We are all set to go. All we are
\nlooking for is like-minded people to join us on this exciting journey.”<\/p>\n