Xurpas to buy US venture capital firm

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    Xurpas Inc. said it is acquiring Los Angeles-based venture capital management firm Wavemaker Partners US, a US technology venture firm with a successful track record of investing in exceptional entrepreneurs.

    “Wavemaker US has been one of the top performing tech venture funds, and has consistently outperformed public markets over the last decade. This acquisition significantly expands Xurpas’ technology base and gives Filipino shareholders and investors access to an entire portfolio of promising venture-backed early-stage companies in the US. Through Wavemaker US, Xurpas shareholders can now participate in the significant potential upside from investments in the early-stage technology space,” said Nix Nolledo, Xurpas chairman.