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 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 Health

Series A in 2021
Neuroglee Health is a company that discovers, develops, and commercializes a digital therapeutic platform aimed at patients with neurodegenerative diseases, particularly in the early stages. Founded in 2020 and based in Singapore, the company offers digital therapeutics and monitoring tools, including NG-001, which is designed for the symptomatic treatment of Alzheimer's disease and mild cognitive impairment. This software captures digital biomarkers and utilizes machine-learning algorithms to personalize therapy by adjusting mobile-based activities based on cognitive function, mood, and behavior. Neuroglee Health's approach not only assists in preserving cognition and independence for patients but also provides insights into drug efficacy, enhancing the overall treatment experience and supporting the development of 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-based company focused on creating smart, energy-efficient hotel environments. Funded by the government, the company provides wireless room automation and energy management solutions that are both flexible and easy to install. Their innovative tools include energy meters that measure consumption and track data in real-time, allowing hotels to achieve energy savings of up to 30% per room annually. By offering affordable and sustainable solutions, SensorFlow aims to contribute to a greener world while enhancing operational efficiency in the hospitality industry.

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, founded in 2008 by Rishi Israni and Pranoti Nagarkar, is a kitchen robotics startup focused on improving healthy eating through innovative technology. Its flagship product, Rotimatic, is the world's first fully automatic roti-making appliance that utilizes artificial intelligence and machine learning to prepare fresh, homemade rotis with minimal human intervention. Users can create hot and delicious rotis in under a minute by simply pressing a button, making it a convenient solution for busy households. Since its launch in 2016, Rotimatic has garnered significant global interest, serving millions of rotis across various countries, including Singapore, the US, UK, Canada, Australia, and New Zealand. The appliance stands out for its compact design and user-friendly operation, aiming to simplify meal preparation while promoting healthier eating habits. With its innovative approach, Rotimatic has disrupted the kitchen appliance market and continues to attract health-conscious consumers seeking convenient cooking solutions.

Whispir

Series B in 2018
Whispir Limited is a communications management company based in Melbourne, Australia, specializing in cloud-based solutions. Founded in 2001, the company offers a platform that integrates smart applications and micro communications services to automate business-critical communications across various channels, including mobile, email, voice, social media, and web. Whispir provides a range of services, including system configuration, user acceptance testing, training, and ongoing support. Additionally, it offers consultancy services, data management, and project management to optimize communication workflows for organizations. With a presence in multiple regions, including the Americas, Australia, New Zealand, Singapore, and Switzerland, Whispir serves as a trusted provider for both enterprises and government agencies, leveraging its algorithms and automated workflows to facilitate secure and effective engagement.

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 restaurant reservation platform that allows users to discover and book tables at various dining establishments across Singapore, Hong Kong, Shanghai, Beijing, Bangkok, Phuket, Jakarta, and Bali. Launched in June 2011 by Arrif Ziaudeen and Clowie Tan, the platform offers a sophisticated table management system for restaurants, which includes customer relationship management features, as well as a user-friendly browser-based interface. This enables restaurants to manage their online availability in real time. In addition to facilitating reservations, Chope provides diners with detailed information about listed restaurants, including editorials, press coverage, menus, and pricing. The platform also acts as a marketing tool for restaurants through an active social media presence and targeted offline initiatives.

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.

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.

Grain

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

Whispir

Series A in 2016
Whispir Limited is a communications management company based in Melbourne, Australia, specializing in cloud-based solutions. Founded in 2001, the company offers a platform that integrates smart applications and micro communications services to automate business-critical communications across various channels, including mobile, email, voice, social media, and web. Whispir provides a range of services, including system configuration, user acceptance testing, training, and ongoing support. Additionally, it offers consultancy services, data management, and project management to optimize communication workflows for organizations. With a presence in multiple regions, including the Americas, Australia, New Zealand, Singapore, and Switzerland, Whispir serves as a trusted provider for both enterprises and government agencies, leveraging its algorithms and automated workflows to facilitate secure and effective engagement.

Jualo

Series A in 2016
PT Jualo operates an online platform that serves as an e-classifieds marketplace for second-hand goods in Indonesia. Founded in 2013 and headquartered in Jakarta, the platform connects both private and professional sellers with buyers of a variety of products, including vehicles, real estate, fashion, and electronics. Jualo emphasizes local transactions through its geo-search functionality, allowing users to buy, trade, or bid on items within a short geographical range. The platform also promotes user engagement by enabling bargaining and negotiation, as well as offering advertisement facilities. As of August 2019, Jualo is a subsidiary of Trusty Cars Pte Ltd and aims to address key industry challenges in the Indonesian marketplace.

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, founded in 2008 by Rishi Israni and Pranoti Nagarkar, is a kitchen robotics startup focused on improving healthy eating through innovative technology. Its flagship product, Rotimatic, is the world's first fully automatic roti-making appliance that utilizes artificial intelligence and machine learning to prepare fresh, homemade rotis with minimal human intervention. Users can create hot and delicious rotis in under a minute by simply pressing a button, making it a convenient solution for busy households. Since its launch in 2016, Rotimatic has garnered significant global interest, serving millions of rotis across various countries, including Singapore, the US, UK, Canada, Australia, and New Zealand. The appliance stands out for its compact design and user-friendly operation, aiming to simplify meal preparation while promoting healthier eating habits. With its innovative approach, Rotimatic has disrupted the kitchen appliance market and continues to attract health-conscious consumers seeking convenient cooking solutions.

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 restaurant reservation platform that allows users to discover and book tables at various dining establishments across Singapore, Hong Kong, Shanghai, Beijing, Bangkok, Phuket, Jakarta, and Bali. Launched in June 2011 by Arrif Ziaudeen and Clowie Tan, the platform offers a sophisticated table management system for restaurants, which includes customer relationship management features, as well as a user-friendly browser-based interface. This enables restaurants to manage their online availability in real time. In addition to facilitating reservations, Chope provides diners with detailed information about listed restaurants, including editorials, press coverage, menus, and pricing. The platform also acts as a marketing tool for restaurants through an active social media presence and targeted offline initiatives.

TradeGecko

Series A in 2015
TradeGecko Pte. Ltd., established in 2012 and based in Singapore, specializes in inventory and order management software tailored for online businesses, particularly brand owners and distributors. The company offers a comprehensive suite of solutions, including its core platform TradeGecko, B2B e-commerce Store, mobile applications, and payment processing services. By integrating various sales channels, logistics, and accounting functions, TradeGecko provides users with a centralized system that simplifies operations and enhances efficiency. Key features of the platform include inventory control, purchasing, order management, customer relationship management, multichannel sales support, and detailed reporting capabilities. TradeGecko aims to alleviate the operational complexities faced by business owners, allowing them to focus on brand development and customer engagement.

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.
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