Openspace

Openspace Ventures is a Singapore-based investment firm established in 2014, specializing in early-stage investments in technology companies across Southeast Asia. The firm typically targets Series A and B funding rounds, focusing on startups that demonstrate revenue traction and require capital for accelerated growth. Openspace Ventures' portfolio encompasses a diverse range of sectors, including consumer applications, fintech, cloud software, and smart hardware, catering to both B2C and B2B markets. With over $400 million in assets under management, sourced from various global and regional institutional investors, Openspace Ventures is actively deploying capital from its second fund to support innovative technology ventures in the region.

Nichapat Ark

Director

Pareen Chaudhari

Investor

Shane Chesson

Founder, General Partner

Vinod Dontimalla

Director, HR

Lana Duong

Vice President

Hian Goh

Founder, General Partner

Juancho Jimenez

Associate

Dennis Le

Senior Associate

Tania Lestari

Senior Associate

Samuel Loke

Associate

Raunaq Nanwani

Associate

Jessica Huang Pouleur

General Partner

Eng Seet

Vice President

Jaclyn Seow

vice_president

Ian Sikora

Investor

Kurt Tanyu

Senior Associate

Matthew Windsor

Senior Associate

Gervin Yang

Investor

Yiliang Zhao

Vice President of Data Science

Amy Zhao

Vice President, Investor and GP Relations

Wenbo Zong

Director, Engineering

Past deals in Singapore

AMP

Series A in 2023
AMP specializes in developing and acquiring advanced e-commerce solutions aimed at enhancing online retail experiences. The company creates enterprise technology that establishes a robust e-commerce infrastructure, incorporating features such as cart upsell, product descriptions, currency switching, and SMS marketing. These tools empower clients to effectively develop and promote their brands, streamlining the process of engaging with customers and driving sales. By focusing on innovative technology, AMP seeks to transform the landscape of e-commerce and support businesses in maximizing their online potential.

Datature

Seed Round in 2022
Datature platform is an industry agnostic tool that allows users to manage multiple machine learning projects, across multiple data sources. Manage deployments in the cloud and architect experiments with only your web browser. Instance-based project management and API deployments means little to no downtime when retraining your models. Ultimately, we allow users to create, clone and edit their machine learning pipelines without coding.

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.

Neuroglee Therapeutics

Series A in 2021
Neuroglee Therapeutics Pte. Ltd. specializes in the discovery, development, and commercialization of a digital therapeutic platform aimed at patients with neurodegenerative diseases. Established in 2020 and based in Singapore, the company offers innovative digital therapeutics and monitoring tools, including NG-001, a software designed for the symptomatic treatment of Alzheimer's disease and mild cognitive impairment (MCI). This platform captures digital biomarkers and learns from user behavior to provide tailored therapeutic interventions. Neuroglee's software employs machine-learning algorithms to personalize therapy by automatically adjusting mobile-based activities based on various digital biomarkers related to cognitive function, mood, and behavior. The company also explores investigational prescription digital therapeutics that can complement traditional pharmacotherapy for neurodegenerative conditions.

Validus

Series B in 2020
Validus Capital Pte. Ltd. operates an online lending marketplace that connects small and medium-sized enterprises (SMEs) with accredited and institutional investors. Founded in 2015 and based in Singapore, Validus is the largest SME financing platform in the country, focusing on providing short-term and medium-term financing to underserved SMEs. The platform facilitates early approval for loans, offers competitive interest rates, and allows for revenue growth. Investors benefit from a range of options without onboarding fees and can minimize risk through fractionalization and portfolio management. Validus employs data analytics and artificial intelligence to enhance its services and aims to promote inclusive growth for SMEs across the ASEAN region, with operations also in Indonesia, Vietnam, and Thailand. The company is regulated by the Monetary Authority of Singapore and has received necessary registrations in its regional markets.

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.

SensorFlow

Series B in 2020
SensorFlow is a Singapore government-funded company who make smart energy-efficient hotels a reality. Their wireless room automation & energy management solutions are flexible, easy to install and have provided proven energy savings of up to 30% per room per year. Their goal is to make the world a greener place and develop new innovative, affordable sustainable solutions.

SweetEscape

Series A in 2019
SweetEscape Pte Ltd, founded in 2016 and based in Jakarta, Indonesia, operates an online platform that connects travelers with freelance photographers across more than 500 cities in 100 countries. This AI-driven photography service caters to both consumers and businesses, offering professional photoshoots for various occasions such as honeymoons, family trips, and corporate events. With a network of tens of thousands of photographers, SweetEscape provides an end-to-end infrastructure that simplifies the booking process, invoicing, and post-production, allowing photographers to focus on their craft. Customers can conveniently download their edited photos through the platform within three days, ensuring they can capture and preserve life's special moments affordably and efficiently.

Sorabel

Series B in 2019
Sorabel is a rapid-growing startup who breathes data and technology in its core business. Sorabel gives access to affordable, high-quality clothes to everyone who needs it. You can't live without clothing and the fashion industry is crooked and elitist. They sell clothes for 5-10 times of its manufacturing price and offer bogus discounts at their whim. They cater only to the fortunately privileged and abandon the working class and the underprivileged. Sale Stock's team members hail from Stanford, Carnegie Mellon, Duke, Purdue, UCLA, NTU, NUS, Imperial College London and ANU Graduates with top company background such as NASA, Google, Palantir, Facebook, Apple, Amazon, Yahoo!, Sony, IBM, Microsoft, Citibank, McKinsey & Company and Accenture. Our offices are located in several different cities in Jakarta, Tangerang, Yogyakarta, Bandung, Bali, and Singapore.

Grain

Series B in 2019
Grain is an online restaurant that uses data and a tech-enabled network to serve food to customers.

CXA Group

Series C in 2019
From a modest start in 2013, when they had just three Fortune 500 clients, CXA has grown to become Asia’s leading Insurtech start-up - affirmed by over 600 clients and backed by a group of astute investors who understand the value and transformative potential of CXA’s groundbreaking platform. Employees are now able to proactively manage their health by choosing the best-suited insurance, wellness and disease management offerings while employers are able to view aggregated health and claims analytics of their workforce to prioritise interventions that reduce costs and improve workplace health, productivity and employee engagement.

Validus

Series B in 2019
Validus Capital Pte. Ltd. operates an online lending marketplace that connects small and medium-sized enterprises (SMEs) with accredited and institutional investors. Founded in 2015 and based in Singapore, Validus is the largest SME financing platform in the country, focusing on providing short-term and medium-term financing to underserved SMEs. The platform facilitates early approval for loans, offers competitive interest rates, and allows for revenue growth. Investors benefit from a range of options without onboarding fees and can minimize risk through fractionalization and portfolio management. Validus employs data analytics and artificial intelligence to enhance its services and aims to promote inclusive growth for SMEs across the ASEAN region, with operations also in Indonesia, Vietnam, and Thailand. The company is regulated by the Monetary Authority of Singapore and has received necessary registrations in its regional markets.

Topica Edtech Group

Series D in 2018
Topica Edtech Group (Vietnamese: “Tổ hợp Công nghệ Giáo dục Topica”) is a multinational educational technology company. It provides online education solutions including Bachelor's Degree programs (Topica Uni), English speech tutoring courses (Topica Native) and technology platform for massive online open courses in a variety of fields (Edumall). Topica Edtech Group headquartered in Hanoi, Vietnam and has expanded into the Philippines, Singapore, Thailand, Indonesia and the United States.

Rotimatic

Series C in 2018
Zimplistic is a kitchen robotics startup founded by husband-wife duo Rishi Israni and Pranoti Nagarkar in 2008. We aspire to help people lead a healthier lifestyle by building intelligent solutions to hard problems. By integrating consumer robotics and Internet of Things (IoT), Zimplistic aims to create enterprising appliances that make healthier eating easier and sustainable. At Zimplistic, our mission is to tackle real-world problems to improve the daily lives of people. This gave rise to Rotimatic, our flagship product. It is the world's first kitchen robot that makes fresh, healthy, homemade rotis with a touch of a button. About Rotimatic - Rotimatic is a roti-making appliance that uses artificial intelligence to make rotis (flatbreads) without the need for human supervision. It is a fully automatic robot that processes all the essential ingredients and produces hot and delicious rotis in under a minute. Rotimatic is a technology marvel, packed with some cutting-edge technology innovated by a talented group of health-conscious people. A complete game changer globally - it is compact, user-friendly, and makes preparing rotis a cakewalk. Since its launch in 2016, Rotimatic has disrupted the kitchen appliances segment by piquing the interest of many. By knocking the hassle out of healthy eating, and helping everyone eat fresh food made at home with handpicked ingredients, we believe that people will eat healthier and live better with Rotimatic. It's become a worldwide kitchen sensation with over 3 million rotis served in thousands of households until June 2017. Rotimatic is available for purchase in Singapore, US, UK, Canada, Australia, and New Zealand. Order now - https://rotimatic.com/order/

Whispir

Series B in 2018
Whispir Limited develops and provides communications management systems through cloud-based platform in the Americas, Australia, New Zealand, Singapore, Switzerland, and internationally. It enables the integration of smart applications and micro communications services into existing workflow solutions to automate specific areas of business critical communications across mobile/email/voice/social/web. The company was founded in 2001 and is based in Melbourne, Australia.

Grain

Venture Round in 2018
Grain is an online restaurant that uses data and a tech-enabled network to serve food to customers.

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.

Sorabel

Venture Round in 2017
Sorabel is a rapid-growing startup who breathes data and technology in its core business. Sorabel gives access to affordable, high-quality clothes to everyone who needs it. You can't live without clothing and the fashion industry is crooked and elitist. They sell clothes for 5-10 times of its manufacturing price and offer bogus discounts at their whim. They cater only to the fortunately privileged and abandon the working class and the underprivileged. Sale Stock's team members hail from Stanford, Carnegie Mellon, Duke, Purdue, UCLA, NTU, NUS, Imperial College London and ANU Graduates with top company background such as NASA, Google, Palantir, Facebook, Apple, Amazon, Yahoo!, Sony, IBM, Microsoft, Citibank, McKinsey & Company and Accenture. Our offices are located in several different cities in Jakarta, Tangerang, Yogyakarta, Bandung, Bali, and Singapore.

Chope

Series D in 2017
Chope is a website that enables users to find and reserve restaurant in Singapore, Hong Kong, Shanghai, Beijing, Bangkok, Phuket, Jakarta, and Bali through the company’s www.chope.co, mobile apps, and plug-ins. The company offers two solutions for restaurants: a sophisticated table management system that integrates customer relationship management functions and a lighter browser-based platform. Both provides restaurants real time control over their online availability. In addition to online reservations, www.chope.co also provides diners with in-house editorials, a summary of press coverage, menus, pricing, and operational information for the listed restaurants. It also serves as an additional marketing channel for client restaurants via an active social media team and targeted offline marketing initiatives. Chope was launched by Arrif Ziaudeen and Clowie Tan in June 2011 and is based in Singapore.

CXA Group

Series B in 2017
From a modest start in 2013, when they had just three Fortune 500 clients, CXA has grown to become Asia’s leading Insurtech start-up - affirmed by over 600 clients and backed by a group of astute investors who understand the value and transformative potential of CXA’s groundbreaking platform. Employees are now able to proactively manage their health by choosing the best-suited insurance, wellness and disease management offerings while employers are able to view aggregated health and claims analytics of their workforce to prioritise interventions that reduce costs and improve workplace health, productivity and employee engagement.

Topica Edtech Group

Series C in 2016
Topica Edtech Group (Vietnamese: “Tổ hợp Công nghệ Giáo dục Topica”) is a multinational educational technology company. It provides online education solutions including Bachelor's Degree programs (Topica Uni), English speech tutoring courses (Topica Native) and technology platform for massive online open courses in a variety of fields (Edumall). Topica Edtech Group headquartered in Hanoi, Vietnam and has expanded into the Philippines, Singapore, Thailand, Indonesia and the United States.

Grain

Series A in 2016
Grain is an online restaurant that uses data and a tech-enabled network to serve food to customers.

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.

Whispir

Series A in 2016
Whispir Limited develops and provides communications management systems through cloud-based platform in the Americas, Australia, New Zealand, Singapore, Switzerland, and internationally. It enables the integration of smart applications and micro communications services into existing workflow solutions to automate specific areas of business critical communications across mobile/email/voice/social/web. The company was founded in 2001 and is based in Melbourne, Australia.

Jualo

Series A in 2016
Jualo is a full stack hybrid e-classifieds marketplace with a core focus on trading second hand goods within a short (geographical) distance (geo-search functionality). The business is specifically tailored towards serving the Indonesian consumer in the best way possible, while tackling the country’s main industry issues in the process. Users have the option to buy, trade and/or bid for goods and Jualo facilitates each aspect of the buying process.

Grain

Series A in 2016
Grain is an online restaurant that uses data and a tech-enabled network to serve food to customers.

Rotimatic

Series B in 2015
Zimplistic is a kitchen robotics startup founded by husband-wife duo Rishi Israni and Pranoti Nagarkar in 2008. We aspire to help people lead a healthier lifestyle by building intelligent solutions to hard problems. By integrating consumer robotics and Internet of Things (IoT), Zimplistic aims to create enterprising appliances that make healthier eating easier and sustainable. At Zimplistic, our mission is to tackle real-world problems to improve the daily lives of people. This gave rise to Rotimatic, our flagship product. It is the world's first kitchen robot that makes fresh, healthy, homemade rotis with a touch of a button. About Rotimatic - Rotimatic is a roti-making appliance that uses artificial intelligence to make rotis (flatbreads) without the need for human supervision. It is a fully automatic robot that processes all the essential ingredients and produces hot and delicious rotis in under a minute. Rotimatic is a technology marvel, packed with some cutting-edge technology innovated by a talented group of health-conscious people. A complete game changer globally - it is compact, user-friendly, and makes preparing rotis a cakewalk. Since its launch in 2016, Rotimatic has disrupted the kitchen appliances segment by piquing the interest of many. By knocking the hassle out of healthy eating, and helping everyone eat fresh food made at home with handpicked ingredients, we believe that people will eat healthier and live better with Rotimatic. It's become a worldwide kitchen sensation with over 3 million rotis served in thousands of households until June 2017. Rotimatic is available for purchase in Singapore, US, UK, Canada, Australia, and New Zealand. Order now - https://rotimatic.com/order/

Crayon

Convertible Note in 2015
Crayon Data Pte Ltd., based in Singapore, specializes in big data and artificial intelligence solutions aimed at enhancing customer experiences and driving revenue growth for enterprises. Founded in 2012, the company offers a suite of products, including maya.ai, a unique choice engine that personalizes digital experiences based on individual preferences using its patented TasteGraph technology. Crayon's platform is designed to assist large organizations in sectors such as banking, fintech, and travel by providing services like Data as a Service, Recommendation as a Service, and Customer Experience as a Service. This enables businesses to effectively harness and monetize their data. Crayon Data has gained recognition in the industry, receiving accolades in various competitions and being featured in multiple Gartner reports.

Chope

Series C in 2015
Chope is a website that enables users to find and reserve restaurant in Singapore, Hong Kong, Shanghai, Beijing, Bangkok, Phuket, Jakarta, and Bali through the company’s www.chope.co, mobile apps, and plug-ins. The company offers two solutions for restaurants: a sophisticated table management system that integrates customer relationship management functions and a lighter browser-based platform. Both provides restaurants real time control over their online availability. In addition to online reservations, www.chope.co also provides diners with in-house editorials, a summary of press coverage, menus, pricing, and operational information for the listed restaurants. It also serves as an additional marketing channel for client restaurants via an active social media team and targeted offline marketing initiatives. Chope was launched by Arrif Ziaudeen and Clowie Tan in June 2011 and is based in Singapore.

TradeGecko

Series A in 2015
TradeGecko is an inventory and order management platform designed for brand owners and distributors. By integrating sales channels, logistics providers, and accounting services, TradeGecko enables to effortlessly take control with a single source of truth for all operations. They provide a cloud-based commerce platform for growing companies. At TradeGecko, they aim to free business owners from operational complexity of running their business to spend more time building a brand their customers will love. The company was founded in 2012 by Cameron Priest, Bradley Priest, and Carl Thompson.

CXA Group

Series A in 2015
From a modest start in 2013, when they had just three Fortune 500 clients, CXA has grown to become Asia’s leading Insurtech start-up - affirmed by over 600 clients and backed by a group of astute investors who understand the value and transformative potential of CXA’s groundbreaking platform. Employees are now able to proactively manage their health by choosing the best-suited insurance, wellness and disease management offerings while employers are able to view aggregated health and claims analytics of their workforce to prioritise interventions that reduce costs and improve workplace health, productivity and employee engagement.

Crayon

Angel Round in 2014
Crayon Data Pte Ltd., based in Singapore, specializes in big data and artificial intelligence solutions aimed at enhancing customer experiences and driving revenue growth for enterprises. Founded in 2012, the company offers a suite of products, including maya.ai, a unique choice engine that personalizes digital experiences based on individual preferences using its patented TasteGraph technology. Crayon's platform is designed to assist large organizations in sectors such as banking, fintech, and travel by providing services like Data as a Service, Recommendation as a Service, and Customer Experience as a Service. This enables businesses to effectively harness and monetize their data. Crayon Data has gained recognition in the industry, receiving accolades in various competitions and being featured in multiple Gartner reports.

Crayon

Seed Round in 2013
Crayon Data Pte Ltd., based in Singapore, specializes in big data and artificial intelligence solutions aimed at enhancing customer experiences and driving revenue growth for enterprises. Founded in 2012, the company offers a suite of products, including maya.ai, a unique choice engine that personalizes digital experiences based on individual preferences using its patented TasteGraph technology. Crayon's platform is designed to assist large organizations in sectors such as banking, fintech, and travel by providing services like Data as a Service, Recommendation as a Service, and Customer Experience as a Service. This enables businesses to effectively harness and monetize their data. Crayon Data has gained recognition in the industry, receiving accolades in various competitions and being featured in multiple Gartner reports.

RedMart

Seed Round in 2013
RedMart Limited operates an online grocery platform in Singapore, providing a wide range of products including fresh produce, meat, seafood, dairy, bakery items, frozen foods, beverages, alcohol, health and beauty products, household supplies, and items for babies and children. Founded in 2011, RedMart is not a traditional retailer; instead, it serves as a bridge for manufacturers to connect directly with consumers, offering innovative marketing and data analytics capabilities. The company specializes in home delivery services, allowing customers to conveniently order groceries and essentials online. RedMart has been a subsidiary of Lazada South East Asia Pte. Ltd. since November 2016, enhancing its operational reach within the e-commerce landscape.