Southeast Asia Venture Capital News

April 22, 2021

Indonesian health tech startup halodoc nets USD 80 million from Astra, Temasek

Health tech platform Halodoc said on Wednesday that it raised USD 80 million in its Series C round led by Indonesian conglomerate Astra.

March 22, 2021

Indonesian savings and investment pp Pluang gets $20m in Pre-Series B funding

Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors.

March 12, 2021

Openspace Ventures closes third fund at hard cap of US$200m

Openspace Ventures is pleased to announce the final close of Openspace Ventures III, L.P. on 26 Feb 2021, with total subscriptions accepted at US$200 million.

March 9, 2021

Nutrition Technologies raises US$5m, opens insect protein factory in Malaysia

SINGAPORE-BASED agrifoodtech startup Nutrition Technologies has raised US$5 million in a pre-Series B funding led by Hera Capital, with participation from existing investors Openspace Ventures and SEEDS Capital, the investment arm of Enterprise Singapore.

January 5, 2021

Indonesian EdTech Zenius nabs funding from Openspace

Indonesia-based EdTech startup Zenius on Tuesday announced that it closed a pre-Series B funding round for an undisclosed amount. In the round, new investors Alpha JWC Ventures and Openspace Ventures joined existing investors such as Northstar, Kinesys, and BeeNext who had injected money in Zenius’ Series A round in February 2020.

November 10, 2020

Indonesia’s iSeller bags series a round from Openspace Ventures, Mandiri capital

Indonesia-based iSeller, an omnichannel sales software-as-a-service player, announced that it has secured an undisclosed amount in its series A round of funding led by Singapore-based VC firm Openspace Ventures and Mandiri Capital, the VC arm of Bank Mandiri in Indonesia.

October 28, 2020

Reaping the Regional Dividend: 2020 Edition

We are very pleased to introduce Openspace Ventures’ inaugural edition of Reaping the Regional Dividend.

September 8, 2020

Freshket lands $3 million series a led by Openspace to streamline Thailand's food supply chain

Based in Bangkok, Freshket simplifies the process of getting fresh produce from farms to tables. Launched in 2017, the startup has now raised a $3 million Series A, led by Openspace Ventures.

July 6, 2023

Pareen at PETRONAS FutureTech 3.0

Pareen Chaudhari, our Investments Associate, was recently engaged as a speaker in the PETRONAS FutureTech 3.0 held at SGInnovate. Pareen took the stage to introduce Openspace and shared about the vital role of venture capitals in fostering the growth of startups.

July 4, 2023

Openspace Ventures Leads USD 5.5M Series B+ Funding Round for Finnomena

We are thrilled to share that Openspace Ventures has taken the lead in a $5.5M Series B+ fundraising round for Finnomena. This funding aims to expand Finnomena’s range of products and develop its investment management platform.

June 27, 2023

Introducing: BroomHive

Broom, a recent addition to our Indonesia portfolio, has recently launched BroomHive, an offline integrated car showroom located in Bekasi, West Java. BroomHive offers a seamless used car buying experience with a wide selection of cars from 5000+ of Broom’s showroom partners.

June 21, 2023

Meet The Team: Kelvin

Meet The Team: Kelvin Goh

June 20, 2023

Pluang+ Inspire: Empowering Financial Literacy through Inspirational Contents

Pluang, the leading all-in-one investment app in Indonesia, has launched a new segment on YouTube called Pluang+ Inspire. Pluang+ Inspire offers simplified and engaging financial and investment content featuring trusted speakers, including Gita Wirjawan, a former Trade Minister during President Susilo Bambang Yudhoyono's era.

June 13, 2023

GoTo Announces Patrick Sugito Walujo as New CEO, Shaping a Promising Future

GoTo has recently unveiled its plan to appoint Patrick Sugito Walujo as its new Chief Executive Officer (CEO). This exciting turn of event marks a significant transition for GoTo and sets the stage for a promising future gearing toward profitability.

June 6, 2023

Sarisuki: new brand, super Fiesta

Sarisuki, one of our portfolio companies based in the Philippines, has been dedicated to enriching the lives of communities by providing a platform for self-empowerment through a Community Buying Model.

June 1, 2023

Thought Leadership: Amy Zhao at the ORIGIN Conference

Amy Zhao, our Executive Director and Ocular Fund Lead, stood out with her participation as a speaker at the prestigious ORIGIN Conference along with the other esteemed panelists

June 15, 2023

Thought Leadership: Shane’s Takeaways at SVCA Conference 2023

Shane Chesson was given the privilege to be one of the keynote speakers at SVCA Conference 2023 - Asia and the World: Inside The Dynamics of a Changing Relationship. Shane provided a deeper understanding of market dynamics, enhanced diligence practices, and the future of exit strategies during the VC Panel.

June 7, 2023

Meet the Team: Jonathan Chandra

In this week's edition of Meet The Team, we learn a little more about Jonathan, our Senior Analyst (OSV+), who sources, assesses and manages a number of the fund's portfolio companies.

February 9, 2023

Capabilities Focus: Wenbo Zong on Tech & Engineering

We’re starting a new series called Capabilities Focus, which is highlighting members of our Portfolio Success team and the integral role they play at Openspace and for our portfolio companies.

February 8, 2023

The Craft Revisited: Rory Sutherland on Alchemy

This week, we’re revisiting a previous episode of The Craft, where Hian, our General Partner, discusses behavioral psychology with Rory Sutherland - author of Alchemy and Vice Chairman of the Oglivy group. Here are 5 key takeaways we gained from their conversation:

December 23, 2022

Happy Holidays, from us to you

From everyone at Openspace to everyone we have the heartfelt pleasure of knowing or working with.

July 27, 2022

New Craft Episode 🔥: Nir Eyal On Habits

In this episode of The Craft, Jessica talks to Nir Eyal about habits. He's behavioural design consultant, investor, entrepreneur and author of the seminal book ‘Hooked’.

June 14, 2022

New The Craft episode - Chris Lemons on Courage 💪

In this episode, Shane Chesson talks to Chris Lemons, a saturation diver and subject of the Netflix documentary, Last Breath.

March 8, 2022

Stronger through diversity: Openspace on International Women’s Day 2022

At Openspace, we see diversity as both a social and business imperative. It’s because we believe that by valuing diversity, we will encourage more diverse idea exchange–a fundamental element of our firm’s Active Intelligence philosophy.

September 9, 2024

Openspace Sustainability Progress Report 2023

Awareness of ESG issues has grown significantly but translating this into real, deliberate action has been slow. To highlight how we are moving from awareness to action, we are pleased to release our 4th annual Sustainability Progress Report

October 3, 2023

Nano: How Earned Wage Access is Improving Employee Financial Wellbeing in Vietnam

The report was conducted in early 2023 by Center for Impact Investing and Practices (CIIP), a non-profit centre established by Temasek Trust to advance the impact investing ecosystem in Asia

August 30, 2023

Reaping the Regional Dividend: The Southeast Asia Coalesce Index

Openspace and Stripe release Reaping the Regional Dividend: The Southeast Asia Coalesce Index, which studies the extent to which the region is growing closer together, and the upside opportunities that brings.

August 11, 2023

Openspace Releases Sustainability Progress Report 2022

We are pleased to be publishing our 2022 Sustainability Progress Report for the third year! In this report, we do a deep dive on ESG issues material to tech companies in Southeast Asia, focusing particularly on consumer protection principles, responsible AI, and cybersecurity and data governance.

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