Openspace Ventures

Openspace Ventures is a Singapore-based venture capital firm established in 2014, specializing in early-stage investments in technology companies throughout Southeast Asia. The firm primarily focuses on Series A and B funding rounds, targeting startups that demonstrate revenue traction and require capital to accelerate growth. Its investment portfolio spans various sectors, including consumer applications, fintech, cloud software, and smart hardware, serving both B2C and B2B markets. Openspace Ventures manages over $400 million in assets, sourced from a diverse array of global and regional institutional investors, and is currently deploying capital from its second fund to support promising technology ventures in the region.

Nichapat Ark

Director

Jonathan Chandra

Senior Analyst

Pareen Chaudhari

Associate

Shane Chesson

Co-Founder and General Partner

Jomo Filart

Senior Analyst

Derek Goh

Investor

Juancho Jimenez

Vice President

Dennis Le

Director

Fann Lee

Investor

Tania Lestari

Vice President

Kelvin Leung

Vice President

Raunaq Nanwani

Associate

Can Pilunowad

Senior Analyst

Jessica Pouleur

Partner

Jess Qi

Analyst

Jaclyn Seow

Director

Ian Sikora

Investor

Jocelyn Susilo

Associate

Ayu Tanoesoedibjo

Executive Director

Adele Teh

Senior Associate

Trang Vi

Senior Analyst

Matt Windsor

Vice President

Gervin Yang

Executive Director

Wenbo Zong

Director

Past deals in Malaysia

Nutrition Technologies

Series A in 2022
Nutrition Technologies Ltd. specializes in producing sustainable insect proteins, oils, and frass derived from black soldier fly larvae, targeting the aquaculture, agriculture, and animal feed industries. Founded in 2016 and headquartered in High Wycombe, United Kingdom, the company operates its main production facility in Johor Bahru, Malaysia. Utilizing a unique nutrient recycling process, Nutrition Technologies transforms low-grade agricultural and industrial food waste into high-value products, including Hi.Protein™, Hi.Oil™, Hi.Dried larvae, Hi.Live larvae, and Hi.Frass. These products not only serve as nutritious feed for fish, chickens, and other animals but also contribute to soil enrichment. The company has established research partnerships with various institutions across Southeast Asia to enhance its offerings and is actively conducting feed trials. Recently, Nutrition Technologies secured Series A funding to expand its operations further, with aspirations to develop Southeast Asia's largest insect protein production facility. Through its innovative approach, Nutrition Technologies aims to lead the region in providing sustainable solutions for animal nutrition and food production.

Igloo

Series B in 2022
Igloo, formerly known as Axinan, is a pioneering insurtech firm based in Singapore that provides comprehensive online insurance brokerage services. The company operates across several countries, including Indonesia, Malaysia, Thailand, the Philippines, and Australia, with technology centres in China and Taiwan. Igloo focuses on making insurance accessible to a broader audience by utilizing big data and real-time risk assessment, along with automated claims management. Its business model centers on offering B2B2C insurance solutions tailored for platform and insurance companies. These solutions are designed to help businesses mitigate operational risks, generate new revenue streams, and enhance their existing products and services. Since its inception in 2016, Igloo has positioned itself as a leader in the digital insurance landscape in the Asia-Pacific region.

Nutrition Technologies

Funding Round in 2021
Nutrition Technologies Ltd. specializes in producing sustainable insect proteins, oils, and frass derived from black soldier fly larvae, targeting the aquaculture, agriculture, and animal feed industries. Founded in 2016 and headquartered in High Wycombe, United Kingdom, the company operates its main production facility in Johor Bahru, Malaysia. Utilizing a unique nutrient recycling process, Nutrition Technologies transforms low-grade agricultural and industrial food waste into high-value products, including Hi.Protein™, Hi.Oil™, Hi.Dried larvae, Hi.Live larvae, and Hi.Frass. These products not only serve as nutritious feed for fish, chickens, and other animals but also contribute to soil enrichment. The company has established research partnerships with various institutions across Southeast Asia to enhance its offerings and is actively conducting feed trials. Recently, Nutrition Technologies secured Series A funding to expand its operations further, with aspirations to develop Southeast Asia's largest insect protein production facility. Through its innovative approach, Nutrition Technologies aims to lead the region in providing sustainable solutions for animal nutrition and food production.

Igloo

Series A in 2020
Igloo, formerly known as Axinan, is a pioneering insurtech firm based in Singapore that provides comprehensive online insurance brokerage services. The company operates across several countries, including Indonesia, Malaysia, Thailand, the Philippines, and Australia, with technology centres in China and Taiwan. Igloo focuses on making insurance accessible to a broader audience by utilizing big data and real-time risk assessment, along with automated claims management. Its business model centers on offering B2B2C insurance solutions tailored for platform and insurance companies. These solutions are designed to help businesses mitigate operational risks, generate new revenue streams, and enhance their existing products and services. Since its inception in 2016, Igloo has positioned itself as a leader in the digital insurance landscape in the Asia-Pacific region.

Nutrition Technologies

Series A in 2019
Nutrition Technologies Ltd. specializes in producing sustainable insect proteins, oils, and frass derived from black soldier fly larvae, targeting the aquaculture, agriculture, and animal feed industries. Founded in 2016 and headquartered in High Wycombe, United Kingdom, the company operates its main production facility in Johor Bahru, Malaysia. Utilizing a unique nutrient recycling process, Nutrition Technologies transforms low-grade agricultural and industrial food waste into high-value products, including Hi.Protein™, Hi.Oil™, Hi.Dried larvae, Hi.Live larvae, and Hi.Frass. These products not only serve as nutritious feed for fish, chickens, and other animals but also contribute to soil enrichment. The company has established research partnerships with various institutions across Southeast Asia to enhance its offerings and is actively conducting feed trials. Recently, Nutrition Technologies secured Series A funding to expand its operations further, with aspirations to develop Southeast Asia's largest insect protein production facility. Through its innovative approach, Nutrition Technologies aims to lead the region in providing sustainable solutions for animal nutrition and food production.

Love, Bonito

Series B in 2018
Love, Bonito is a prominent women's fashion brand founded in 2010 and headquartered in Singapore, with additional offices in Indonesia, Malaysia, and Hong Kong. The company employs around 150 people and operates an omni-channel presence across these four markets, along with a global e-commerce site. Love, Bonito is dedicated to providing a diverse range of fashionable clothing and accessories tailored to meet customer preferences, emphasizing customization and fit. The brand aims to redefine retail by fostering a thoughtful and community-driven approach, focusing on the everyday woman. Its mission is to become a globally recognized brand known for its commitment to customer experience and innovative retail practices.

Love, Bonito

Series A in 2016
Love, Bonito is a prominent women's fashion brand founded in 2010 and headquartered in Singapore, with additional offices in Indonesia, Malaysia, and Hong Kong. The company employs around 150 people and operates an omni-channel presence across these four markets, along with a global e-commerce site. Love, Bonito is dedicated to providing a diverse range of fashionable clothing and accessories tailored to meet customer preferences, emphasizing customization and fit. The brand aims to redefine retail by fostering a thoughtful and community-driven approach, focusing on the everyday woman. Its mission is to become a globally recognized brand known for its commitment to customer experience and innovative retail practices.
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