ESG's venture arm SEEDS S$140m in funds over three years

Singapore

SINGAPORE-BASED venture capital (VC) firm Wavemaker Partners might now be known as one of the handful of VCs specialising in deep tech, but it might have turned out differently had it not taken its first taste of the sector through a co-investment.

In 2014, Wavemaker injected seed funding into dental 3D printing startup Structo, together with the National Research Foundation. It eventually built its conviction that deep tech was a valuable area that saw too little love compared with more popular picks such as e-commerce, marketplaces, or fintech.