Openspace Ventures

Openspace Ventures is a Singapore-based venture capital firm founded in 2014 that backs technology companies in Southeast Asia, with a focus on early-stage Series A and B investments. It targets sectors including logistics, edtech, healthtech, fintech, cleantech, consumer internet and B2B SaaS, emphasizing cloud software, integrated hardware and other tech-enabled business models. The firm maintains a regional footprint across Southeast Asia with offices in multiple capitals and works closely with portfolio companies to support growth and scale. By selectively investing in transformative tech businesses, it aims to help founders build viable, responsible companies that drive regional digital transformation.

Nichapat Ark

Director, Thailand Coverage

Nichapat Ark

Director

Clara Boh

Analyst

Jonathan Chandra

Senior Analyst

Pareen Chaudhari

Investor

Past deals in Indonesia

Maka Motors

Seed Round in 2025
Maka Motors is an Indonesian company specializing in the manufacture of electric motorcycles. It produces vehicles tailored to local road conditions and driving styles, ensuring reliability and capability for its customers. The company's mission is to provide the best electric motorcycle options for Indonesian riders.

Beleaf

Series A in 2024
Beleaf is an Indonesian hydroponic farm based in Bogor. It operates vertical farming systems using hydroponics to grow fresh greens and vegetables with minimal water usage, aiming to reduce its carbon footprint and provide consumers with locally sourced produce.

Axinan Pte.

Series C in 2023
Axinan provides online insurance brokerage services, offering digital insurance products such as travel and personal goods coverage, accidents, and disease insurance. Leveraging big data, real-time risk assessment, and automated claims management, Axinan operates across Southeast Asia with offices in Singapore, Taiwan, Thailand, Indonesia, and the Philippines.

Beleaf

Series A in 2023
Beleaf is an Indonesian hydroponic farm based in Bogor. It operates vertical farming systems using hydroponics to grow fresh greens and vegetables with minimal water usage, aiming to reduce its carbon footprint and provide consumers with locally sourced produce.

Halodoc

Series D in 2023
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, established in 2016. The company connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its innovative communication platform. Users can engage with medical professionals via video calls, voice calls, and chat, allowing for real-time consultations and health advice. Additionally, HaloDoc facilitates the ordering of laboratory tests that can be conducted at home, enhancing the convenience of accessing healthcare services. The platform aims to simplify and improve the healthcare experience for patients by providing easy connections to doctors, clinics, and hospitals, as well as offering medical delivery services through its partner pharmacies.

Maka Motors

Seed Round in 2023
Maka Motors is an Indonesian company specializing in the manufacture of electric motorcycles. It produces vehicles tailored to local road conditions and driving styles, ensuring reliability and capability for its customers. The company's mission is to provide the best electric motorcycle options for Indonesian riders.

Octopus

Convertible Note in 2022
Octopus operates a waste management platform that facilitates the efficient collection and connection of valuable waste to the recycling industry. The application, known as pemulung 2.0, engages scavengers by providing training and financial inclusivity services. Currently, Octopus operates in Makassar, boasting 1,524 registered scavengers, 9,431 users, and 436 checkpoints, with over 5,000 daily transactions. The company has plans to expand its services to Bali, Surabaya, and Jakarta in collaboration with Danone-Aqua. Octopus focuses on creating a circular economy by verifying local waste stakeholders, ensuring an ethical collection ecosystem, and providing a transparent pricing model that benefits all participants. This approach enables producers to effectively manage their post-consumer products, granting incentives directly to verified stakeholders while promoting sustainable waste management practices.

Axinan Pte.

Series B in 2022
Axinan provides online insurance brokerage services, offering digital insurance products such as travel and personal goods coverage, accidents, and disease insurance. Leveraging big data, real-time risk assessment, and automated claims management, Axinan operates across Southeast Asia with offices in Singapore, Taiwan, Thailand, Indonesia, and the Philippines.

Zenius Education

Series B in 2022
Zenius Education empowers Indonesian K12 students with accessible, subscription-based self-learning materials that emphasize critical thinking and scientific knowledge.

Pluang

Series B in 2021
Pluang is an Indonesian fintech application that provides easy and affordable access to a range of financial products. The platform offers a gold savings product that enables investments starting from 0.01 grams, with the gold held in a government-backed institution through the official Indonesian commodities exchange, providing liquidity and security. It also enables investments in stocks, crypto assets, and mutual funds, and uses an online-to-offline model with a user-friendly experience to support savings and financial inclusion. Founded in 2019 and headquartered in Jakarta, Pluang serves the Indonesian market.

Halodoc

Series C in 2021
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, established in 2016. The company connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its innovative communication platform. Users can engage with medical professionals via video calls, voice calls, and chat, allowing for real-time consultations and health advice. Additionally, HaloDoc facilitates the ordering of laboratory tests that can be conducted at home, enhancing the convenience of accessing healthcare services. The platform aims to simplify and improve the healthcare experience for patients by providing easy connections to doctors, clinics, and hospitals, as well as offering medical delivery services through its partner pharmacies.

Pluang

Series B in 2021
Pluang is an Indonesian fintech application that provides easy and affordable access to a range of financial products. The platform offers a gold savings product that enables investments starting from 0.01 grams, with the gold held in a government-backed institution through the official Indonesian commodities exchange, providing liquidity and security. It also enables investments in stocks, crypto assets, and mutual funds, and uses an online-to-offline model with a user-friendly experience to support savings and financial inclusion. Founded in 2019 and headquartered in Jakarta, Pluang serves the Indonesian market.

Zenius Education

Series B in 2021
Zenius Education empowers Indonesian K12 students with accessible, subscription-based self-learning materials that emphasize critical thinking and scientific knowledge.

GoPlay

Series A in 2020
GoPlay provides Indonesian consumers access to local movies and shows, with genres ranging from soaps to horror.

Gojek

Series F in 2020
PT Aplikasi Karya Anak Bangsa, commonly known as Gojek, is a mobile application-based platform founded in 2010 and headquartered in Jakarta, Indonesia. The company initially operated a motorcycle taxi fleet but has since evolved into a comprehensive Super App, offering a wide range of services including food delivery, transportation, digital payments, shopping, and various on-demand services such as massages. Launched in 2015, Gojek has rapidly become the largest consumer transactional technology group in Southeast Asia, driven by its commitment to speed, innovation, and social impact. The platform aims to empower the informal sector in the region while catering to diverse markets, including logistics, food, and entertainment.

Validus

Series B in 2020
Validus is a Southeast Asian fintech company that leverages data and artificial intelligence to provide growth financing to underserved small and medium enterprises. Headquartered in Singapore, it operates in Indonesia, Vietnam, and Thailand, partnering with corporations to deliver supply‑chain financing solutions that support local SME ecosystems. The firm holds a Capital Markets Services licence from the Monetary Authority of Singapore and its Indonesian subsidiary is registered with the OJK. Backed by prominent venture capital investors, Validus offers a comprehensive suite of financial services—including SME lending, crowd‑lending, business accounts, corporate cards, expense management, money transfers, and foreign remittance—positioning it as a leading all‑in‑one SME financing platform in the region.

Axinan Pte.

Series A in 2020
Axinan provides online insurance brokerage services, offering digital insurance products such as travel and personal goods coverage, accidents, and disease insurance. Leveraging big data, real-time risk assessment, and automated claims management, Axinan operates across Southeast Asia with offices in Singapore, Taiwan, Thailand, Indonesia, and the Philippines.

Halodoc

Series B in 2019
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, established in 2016. The company connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its innovative communication platform. Users can engage with medical professionals via video calls, voice calls, and chat, allowing for real-time consultations and health advice. Additionally, HaloDoc facilitates the ordering of laboratory tests that can be conducted at home, enhancing the convenience of accessing healthcare services. The platform aims to simplify and improve the healthcare experience for patients by providing easy connections to doctors, clinics, and hospitals, as well as offering medical delivery services through its partner pharmacies.

Validus

Series B in 2019
Validus is a Southeast Asian fintech company that leverages data and artificial intelligence to provide growth financing to underserved small and medium enterprises. Headquartered in Singapore, it operates in Indonesia, Vietnam, and Thailand, partnering with corporations to deliver supply‑chain financing solutions that support local SME ecosystems. The firm holds a Capital Markets Services licence from the Monetary Authority of Singapore and its Indonesian subsidiary is registered with the OJK. Backed by prominent venture capital investors, Validus offers a comprehensive suite of financial services—including SME lending, crowd‑lending, business accounts, corporate cards, expense management, money transfers, and foreign remittance—positioning it as a leading all‑in‑one SME financing platform in the region.

Topica Edtech Group

Series D in 2018
Topica Edtech Group is a multinational educational technology company offering online education solutions. It provides Bachelor's Degree programs through Topica Uni, English speech tutoring courses via Topica Native, and hosts massive open online courses on various fields through Edumall. Headquartered in Hanoi, Vietnam, the company has expanded its presence to the Philippines, Singapore, Thailand, Indonesia, and the United States.

Love, Bonito

Series B in 2018
Love, Bonito is a leading vertically integrated, omni-channel women’s fashion brand established in 2010. Headquartered in Singapore with additional offices in Indonesia, Malaysia, and Hong Kong, the company employs around 150 people. Love, Bonito operates across these four markets and globally through an international e-commerce site. The brand is known for its thoughtful, experiential, and community-driven approach to retail, aiming to become a global leader in providing fashion solutions tailored to the everyday woman.

Topica Edtech Group

Series C in 2016
Topica Edtech Group is a multinational educational technology company offering online education solutions. It provides Bachelor's Degree programs through Topica Uni, English speech tutoring courses via Topica Native, and hosts massive open online courses on various fields through Edumall. Headquartered in Hanoi, Vietnam, the company has expanded its presence to the Philippines, Singapore, Thailand, Indonesia, and the United States.

Love, Bonito

Series A in 2016
Love, Bonito is a leading vertically integrated, omni-channel women’s fashion brand established in 2010. Headquartered in Singapore with additional offices in Indonesia, Malaysia, and Hong Kong, the company employs around 150 people. Love, Bonito operates across these four markets and globally through an international e-commerce site. The brand is known for its thoughtful, experiential, and community-driven approach to retail, aiming to become a global leader in providing fashion solutions tailored to the everyday woman.

Halodoc

Series A in 2016
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, established in 2016. The company connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its innovative communication platform. Users can engage with medical professionals via video calls, voice calls, and chat, allowing for real-time consultations and health advice. Additionally, HaloDoc facilitates the ordering of laboratory tests that can be conducted at home, enhancing the convenience of accessing healthcare services. The platform aims to simplify and improve the healthcare experience for patients by providing easy connections to doctors, clinics, and hospitals, as well as offering medical delivery services through its partner pharmacies.

Gojek

Series D in 2016
PT Aplikasi Karya Anak Bangsa, commonly known as Gojek, is a mobile application-based platform founded in 2010 and headquartered in Jakarta, Indonesia. The company initially operated a motorcycle taxi fleet but has since evolved into a comprehensive Super App, offering a wide range of services including food delivery, transportation, digital payments, shopping, and various on-demand services such as massages. Launched in 2015, Gojek has rapidly become the largest consumer transactional technology group in Southeast Asia, driven by its commitment to speed, innovation, and social impact. The platform aims to empower the informal sector in the region while catering to diverse markets, including logistics, food, and entertainment.

Halodoc

Seed Round in 2016
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, established in 2016. The company connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its innovative communication platform. Users can engage with medical professionals via video calls, voice calls, and chat, allowing for real-time consultations and health advice. Additionally, HaloDoc facilitates the ordering of laboratory tests that can be conducted at home, enhancing the convenience of accessing healthcare services. The platform aims to simplify and improve the healthcare experience for patients by providing easy connections to doctors, clinics, and hospitals, as well as offering medical delivery services through its partner pharmacies.

Gojek

Series C in 2016
PT Aplikasi Karya Anak Bangsa, commonly known as Gojek, is a mobile application-based platform founded in 2010 and headquartered in Jakarta, Indonesia. The company initially operated a motorcycle taxi fleet but has since evolved into a comprehensive Super App, offering a wide range of services including food delivery, transportation, digital payments, shopping, and various on-demand services such as massages. Launched in 2015, Gojek has rapidly become the largest consumer transactional technology group in Southeast Asia, driven by its commitment to speed, innovation, and social impact. The platform aims to empower the informal sector in the region while catering to diverse markets, including logistics, food, and entertainment.

Jualo

Series A in 2016
Jualo is a comprehensive online marketplace focused on facilitating the trade of secondhand goods, primarily within Indonesia. The platform utilizes geo-search functionality, allowing users to easily connect with local sellers and purchase, trade, or bid on used products. By promoting recycling and encouraging the exchange of goods within a short geographical distance, Jualo aims to address key industry challenges while providing consumers with access to affordable products from trusted sources. The business is dedicated to enhancing the experience of Indonesian consumers in the secondhand market.

Gojek

Series B in 2015
PT Aplikasi Karya Anak Bangsa, commonly known as Gojek, is a mobile application-based platform founded in 2010 and headquartered in Jakarta, Indonesia. The company initially operated a motorcycle taxi fleet but has since evolved into a comprehensive Super App, offering a wide range of services including food delivery, transportation, digital payments, shopping, and various on-demand services such as massages. Launched in 2015, Gojek has rapidly become the largest consumer transactional technology group in Southeast Asia, driven by its commitment to speed, innovation, and social impact. The platform aims to empower the informal sector in the region while catering to diverse markets, including logistics, food, and entertainment.

Gojek

Series A in 2014
PT Aplikasi Karya Anak Bangsa, commonly known as Gojek, is a mobile application-based platform founded in 2010 and headquartered in Jakarta, Indonesia. The company initially operated a motorcycle taxi fleet but has since evolved into a comprehensive Super App, offering a wide range of services including food delivery, transportation, digital payments, shopping, and various on-demand services such as massages. Launched in 2015, Gojek has rapidly become the largest consumer transactional technology group in Southeast Asia, driven by its commitment to speed, innovation, and social impact. The platform aims to empower the informal sector in the region while catering to diverse markets, including logistics, food, and entertainment.

Pluang

Pluang is an Indonesian fintech application that provides easy and affordable access to a range of financial products. The platform offers a gold savings product that enables investments starting from 0.01 grams, with the gold held in a government-backed institution through the official Indonesian commodities exchange, providing liquidity and security. It also enables investments in stocks, crypto assets, and mutual funds, and uses an online-to-offline model with a user-friendly experience to support savings and financial inclusion. Founded in 2019 and headquartered in Jakarta, Pluang serves the Indonesian market.
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