Wavemaker Impact shifts to become independent fund manager

Wavemaker Impact, the climate venture-building fund of Wavemaker Pacific Partners Pte. Ltd., has started the process to become an independent fund manager.

The team has applied for a venture capital fund manager license with the Monetary Authority of Singapore and will launch a new platform called 100×100 Group.

Wavemaker Impact will also rebrand to 100×100 as part of this transition.

The firm has launched over 20 climate tech startups in the past four years, focusing on methane reduction in rice cultivation and cattle, renewable energy, low-carbon materials, and the replacement of coal.

Guillem Segarra has been promoted to partner, and Subhadeep Sanyal, previously partner at Omnivore, will join as partner to lead the organisation’s activity in India.

The 100×100 Group will continue to build climate-focused companies in Southeast Asia, the Asia-Pacific region, and beyond.

🔗 Source: Wavemaker Impact

🧠 Food for thought

Implications, context, and why it matters.

The 100×100 model needs capital and proof of viability

Wavemaker Impact plans to spin out and rebrand as the 100×100 Group. It has not shared the target fund size, initial Limited Partner (LP) commitments, or whether 20+ portfolio will move.
‘100×100’ backs companies that cut 100 million metric tons of carbon and earn $100 million in recurring revenue 1. Hitting both in agri-methane, renewables, and low-carbon materials needs patient capital with long build times that many ventures cannot meet within normal fund lives.
Founders built 15+ companies, including unicorns, and invested over $300 million in Asian tech across 35 green-tech startups 1. Independence risks losing cross-portfolio support and backing from Wavemaker Ventures, an early-stage venture firm in the Wavemaker network with more than $500 million in Assets Under Management (AUM) 2.

Options for co-investors and corporates to engage Wavemaker Impact while the 100×100 transfer stays unclear

This portfolio in methane reduction for rice and cattle, renewable energy, and low-carbon materials offers co-investment for venture capital (VC) investors in Southeast Asia without venture-building risk.
Energy, agriculture, and materials corporates can approach these companies for pilot programs, offtake agreements (long-term purchase contracts), or technology validation. The Autodesk Foundation, the philanthropic arm of design software company Autodesk, worked with Wavemaker Impact to provide technical expertise 1.
Partner Subhadeep Sanyal, formerly of Omnivore (an India-focused agritech VC firm), leads India expansion. Investors or corporates can co-develop in India’s agriculture or renewables, where adoption is rising and incentives align with 100×100’s decarbonization themes.