Southeast Asian early stage venture capital firm Openspace Ventures (previously known as NSI Ventures) closed its second fund, at US$135m.
Investors in Fund 2 include a range of institutional investors from US, Australia, Europe, Japan, China, Korea and Singapore across pension funds, university endowments, insurance companies and family offices. Disclosed investors include Stepstone Group and Temasek.
Including Fund 1, Openspace now has in total US$225m committed capital from its limited partners (excluding managed co-investments).
Led by Founding Partners Hian Goh and Shane Chesson, Openspace focuses on Series A and B investments in technology companies based in Southeast Asia. Key areas of investment include fintech, healthtech, edutech, consumer applications and cloud-based solutions.
The firm, which has invested in 19 companies, including Go-Jek, Love, Bonito, Topica, CXA, FinAccel, HaloDoc and Pathao, has a team of 17 including on-ground resources in Singapore, Indonesia, Thailand, Vietnam and the Philippines.
As well as investment and business development expertise, Openspace has a full-time operating team helping portfolio companies with tech, marketing, HR, legal and finance issues.
FinSMEs
16/08/2018