Openspace Ventures

Igloo is a pioneering insurtech firm based in Singapore, with a presence in multiple countries across Southeast Asia, including Indonesia, Thailand, the Philippines, Vietnam, and Malaysia, as well as tech centers in China and India. The company aims to enhance insurance accessibility by leveraging innovative technologies such as artificial intelligence and big data, alongside real-time risk assessment and automated claims management. Igloo specializes in developing B2B2C insurance solutions tailored for platform companies and insurance providers, enabling them to mitigate operational risks, generate new revenue streams, and improve existing offerings. With partnerships with over 55 prominent brands across various industries, Igloo plays a significant role in transforming the insurance landscape, making it more efficient and user-friendly.

LXA is a fintech venture focused on reimagining Asia's mortgage ecosystem. Geared towards matching institutional capital pools and residential mortgage borrowers, this platform aims to utilize end-to-end technology to streamline the entire mortgage lifecycle, from loan origination and borrower processing to loan servicing. LXA was founded in early 2023 by seasoned executives across the asset management, insurance, mortgage, and technology industries to bridge the gap between mortgage assets and institutional capital in Asia, beginning with Singapore. Combining best practices from North American and European markets with a proprietary technology platform focused on digital credit decisioning and intelligent workflow orchestration, LXA provides the first of its kind solution to address strong demand from Asian insurers and borrowers for differentiated mortgage products.

Igloo is a pioneering insurtech firm based in Singapore, with a presence in multiple countries across Southeast Asia, including Indonesia, Thailand, the Philippines, Vietnam, and Malaysia, as well as tech centers in China and India. The company aims to enhance insurance accessibility by leveraging innovative technologies such as artificial intelligence and big data, alongside real-time risk assessment and automated claims management. Igloo specializes in developing B2B2C insurance solutions tailored for platform companies and insurance providers, enabling them to mitigate operational risks, generate new revenue streams, and improve existing offerings. With partnerships with over 55 prominent brands across various industries, Igloo plays a significant role in transforming the insurance landscape, making it more efficient and user-friendly.

Validus Capital is a fintech company focused on providing growth financing to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company utilizes data and artificial intelligence to enhance the financing process, facilitating access to secured short-term and medium-term credit. Through its online marketplace, Validus employs a peer-to-peer lending model that connects SMEs with accredited investors, enabling businesses to secure financing efficiently while minimizing costs associated with financial intermediation. Validus is committed to driving inclusive economic growth by partnering with corporations to support SME ecosystems and holds regulatory licenses from authorities such as the Monetary Authority of Singapore and Indonesia's OJK.

Igloo is a pioneering insurtech firm based in Singapore, with a presence in multiple countries across Southeast Asia, including Indonesia, Thailand, the Philippines, Vietnam, and Malaysia, as well as tech centers in China and India. The company aims to enhance insurance accessibility by leveraging innovative technologies such as artificial intelligence and big data, alongside real-time risk assessment and automated claims management. Igloo specializes in developing B2B2C insurance solutions tailored for platform companies and insurance providers, enabling them to mitigate operational risks, generate new revenue streams, and improve existing offerings. With partnerships with over 55 prominent brands across various industries, Igloo plays a significant role in transforming the insurance landscape, making it more efficient and user-friendly.

SensorFlow is a Singapore-based company focused on creating energy-efficient hotel solutions. Funded by the Singapore government, SensorFlow specializes in wireless room automation and energy management systems that are designed for easy installation and flexibility. Their tools include energy meters that monitor consumption in real-time, helping hotels achieve significant energy savings of up to 30% per room annually. The company's mission is to promote sustainability by developing innovative and affordable solutions for the hospitality industry.

Sorabel is a rapidly growing startup that operates an online shopping platform focused on providing affordable, high-quality women's clothing and accessories. By leveraging data and technology, Sorabel minimizes overhead costs and eliminates intermediaries, allowing customers to purchase apparel at discounted prices. The company aims to challenge the traditional fashion industry, which often prioritizes profit over accessibility, by ensuring that everyone, including the working class and underprivileged, has access to essential clothing. Sorabel's team comprises graduates from prestigious institutions and experienced professionals from leading companies, contributing to its innovative approach. The company has offices in various cities, including Jakarta, Tangerang, Yogyakarta, Bandung, Bali, and Singapore, further establishing its presence in the Southeast Asian market.

Validus Capital is a fintech company focused on providing growth financing to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company utilizes data and artificial intelligence to enhance the financing process, facilitating access to secured short-term and medium-term credit. Through its online marketplace, Validus employs a peer-to-peer lending model that connects SMEs with accredited investors, enabling businesses to secure financing efficiently while minimizing costs associated with financial intermediation. Validus is committed to driving inclusive economic growth by partnering with corporations to support SME ecosystems and holds regulatory licenses from authorities such as the Monetary Authority of Singapore and Indonesia's OJK.

Topica Edtech Group is a multinational educational technology company headquartered in Ho Chi Minh City, Vietnam. It specializes in offering a wide range of online education solutions, including Bachelor's degree programs through Topica Uni, English speech tutoring courses via Topica Native, and a technology platform for massive open online courses through Edumall. The company employs augmented artificial intelligence to enhance learning experiences, catering to the diverse needs of students. In addition to its operations in Vietnam, Topica Edtech Group has successfully expanded its reach into markets such as the Philippines, Singapore, Thailand, Indonesia, and the United States, providing personalized learning experiences and high-quality online education to millions of learners.

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 uses artificial intelligence to create fresh, homemade flatbreads with minimal human intervention. Launched in 2016, Rotimatic processes essential ingredients and produces hot, delicious rotis in under a minute, offering a user-friendly solution for busy households. The appliance has gained significant popularity, serving over 3 million rotis in thousands of homes by mid-2017. Available in several countries including Singapore, the US, the UK, Canada, Australia, and New Zealand, Rotimatic aims to simplify meal preparation and promote healthier eating habits by enabling users to enjoy homemade food made from carefully selected ingredients.

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.

Sorabel is a rapidly growing startup that operates an online shopping platform focused on providing affordable, high-quality women's clothing and accessories. By leveraging data and technology, Sorabel minimizes overhead costs and eliminates intermediaries, allowing customers to purchase apparel at discounted prices. The company aims to challenge the traditional fashion industry, which often prioritizes profit over accessibility, by ensuring that everyone, including the working class and underprivileged, has access to essential clothing. Sorabel's team comprises graduates from prestigious institutions and experienced professionals from leading companies, contributing to its innovative approach. The company has offices in various cities, including Jakarta, Tangerang, Yogyakarta, Bandung, Bali, and Singapore, further establishing its presence in the Southeast Asian market.

Chope is an online platform that facilitates restaurant discovery and reservations across multiple cities in Asia, including Singapore, Hong Kong, Shanghai, Beijing, Bangkok, Phuket, Jakarta, and Bali. Founded in June 2011 by Arrif Ziaudeen and Clowie Tan, the company offers users the ability to find and reserve tables at their preferred dining establishments through its website and mobile apps. For restaurants, Chope provides a comprehensive table management system that integrates customer relationship management functions, allowing real-time control of online availability. Additionally, Chope enhances the dining experience by offering in-house editorials, menus, pricing, and operational details for each listed restaurant. The platform also acts as a marketing channel for restaurants through social media engagement and targeted offline initiatives.

Topica Edtech Group is a multinational educational technology company headquartered in Ho Chi Minh City, Vietnam. It specializes in offering a wide range of online education solutions, including Bachelor's degree programs through Topica Uni, English speech tutoring courses via Topica Native, and a technology platform for massive open online courses through Edumall. The company employs augmented artificial intelligence to enhance learning experiences, catering to the diverse needs of students. In addition to its operations in Vietnam, Topica Edtech Group has successfully expanded its reach into markets such as the Philippines, Singapore, Thailand, Indonesia, and the United States, providing personalized learning experiences and high-quality online education to millions of learners.

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.

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 uses artificial intelligence to create fresh, homemade flatbreads with minimal human intervention. Launched in 2016, Rotimatic processes essential ingredients and produces hot, delicious rotis in under a minute, offering a user-friendly solution for busy households. The appliance has gained significant popularity, serving over 3 million rotis in thousands of homes by mid-2017. Available in several countries including Singapore, the US, the UK, Canada, Australia, and New Zealand, Rotimatic aims to simplify meal preparation and promote healthier eating habits by enabling users to enjoy homemade food made from carefully selected ingredients.

Chope is an online platform that facilitates restaurant discovery and reservations across multiple cities in Asia, including Singapore, Hong Kong, Shanghai, Beijing, Bangkok, Phuket, Jakarta, and Bali. Founded in June 2011 by Arrif Ziaudeen and Clowie Tan, the company offers users the ability to find and reserve tables at their preferred dining establishments through its website and mobile apps. For restaurants, Chope provides a comprehensive table management system that integrates customer relationship management functions, allowing real-time control of online availability. Additionally, Chope enhances the dining experience by offering in-house editorials, menus, pricing, and operational details for each listed restaurant. The platform also acts as a marketing channel for restaurants through social media engagement and targeted offline initiatives.

RedMart Limited is an online grocery portal based in Singapore, established in 2011. The company specializes in delivering a wide range of products, including fresh produce, meat, seafood, dairy, baked goods, frozen items, beverages, health and beauty products, household necessities, and items for babies and children. Unlike traditional retailers, RedMart functions as a platform that allows manufacturers to engage directly with consumers, bypassing conventional retail channels. This approach provides manufacturers with innovative marketing capabilities and data analytics to enhance their reach. RedMart also offers home delivery services, ensuring that customers receive their groceries and home essentials conveniently at their doorstep. In 2016, RedMart became a subsidiary of Lazada South East Asia Pte. Ltd., further expanding its operational capabilities in the region.