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IRVINE, Calif., Feb. 19, 2019 (GLOBE NEWSWIRE) -- Cie Digital Labs (CDL), an accelerator of innovation for large enterprises and a growth accelerator for emerging startups, announced its partnership with Wavemaker Partners, an early-stage cross-border venture capital firm that is part of the Draper Venture Network, to incubate new ideas and grow category-leading ventures. Specifically, Wavemaker will provide funding and CDL will provide strategic and operational expertise across joint ventures.
“Wavemaker is re-envisioning the role of VC firms in early-stage venture investing and we’re excited to partner with Cie Digital Labs to build and grow innovative businesses,” said Eric Manlunas, Founder and Managing Partner at Wavemaker Partners. “CDL has a hands-on approach and an unmatched, proven execution track record of consistently driving real business impact across its portfolio of startups. By combining our vast investing experience with CDL’s expert corporate and product strategy, we can further accelerate a diverse array of ventures into promising category leaders.”
Together, Wavemaker and CDL have already demonstrated success in partnering on joint ventures. CDL recently announced raising $5.2 million in a Series A funding round co-led by Wavemaker and Springboard ventures for Titan School Solutions, a child nutrition SaaS solutions and services provider for K-12 school districts. Read EdSurge story here.
Additionally, Wavemaker has invested in other CDL portfolio startups, including Nativo, a premier native advertising platform, and ASAP Tire, a mobile tire installation company. Other previous successful collaborations were with StyleHaul and CloudTrigger.
Wavemaker and CDL’s successes stem from their innovative venture studio model. Wavemaker provides capital infusion as well as the support of a world-class community of advisors and LPs. In addition to CDL’s prolific entrepreneurial and C-suite experience, the company also provides resources across Web and Mobile Development, Business Development, Marketing, Design, Finance, and HR for its portfolio of startups.
Powered by Wavemaker and CDL’s partnership, ventures can now access capital to grow their ideas, leverage shared knowledge from CDL and Wavemaker’s partners, as well as exclusively tap into the expertise of seasoned senior executives and exceptional operational teams all working towards driving innovation.
“CDL always looks to grow its promising business ventures to their fullest potential, and Wavemaker’s vast experience and passion in leading investments for incredible ventures further strengthens our ability to do so,” says Anderee Berengian, Co-Founder and CEO at Cie Digital Labs. “We are thrilled about partnering with Wavemaker to further empower our portfolio of startups with the required resources and services to consistently scale and succeed.”
About Cie Digital Labs
Cie Digital Labs (CDL) is an accelerator of innovation for large enterprises and a growth accelerator for emerging startups. CDL creates leading digital solutions, serves as an innovation lab for a variety of prominent global brands, and acts as a platform to develop and turn ground-breaking ideas into new technology ventures.
CDL blends Silicon Valley know-how, startup dynamism and speed with the business maturity of serial entrepreneurs, seasoned venture capitalists, and Fortune 500 executives. This proven combination drives cutting edge solutions for top enterprises’ strategic and operational business challenges. CDL’s leadership team has served key roles at various successful startups including Amazon, Yahoo!, Overture, eBay, Nativo and Internet Brands.
Visit www.ciedigital.com to learn more.
About Wavemaker Partners
Wavemaker is a cross border venture capital firm founded in 2003. The firm is dual headquartered in Los Angeles and Singapore and has raised over $300M across multiple funds. Wavemaker is one of the most active early stage investors in Southern California and Southeast Asia and has invested in over 300 companies the last 15 years. Wavemaker is the Southern California and Southeast Asia affiliate of the Draper Venture Network. For more information, visit http://wavemaker.vc/.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ab76315a-307a-4fb5-a35b-f53497862fec