In 2014 was created Openspace Ventures, which is appeared as VC. The main department of described VC is located in the Singapore. The fund was located in Asia if to be more exact in Singapore.
The fund has no exact preference in a number of founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight Go-Jek, Kredivo, Topica Edtech Group. We can highlight the next thriving fund investment areas, such as Business Intelligence, Artificial Intelligence. For fund there is a match between the location of its establishment and the land of its numerous investments - Singapore. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund.
This organization was formed by Hian Goh, Shane Chesson. We also calculated 3 valuable employees in our database.
This Openspace Ventures works on 26 percentage points less the average amount of lead investments comparing to the other organizations. When the investment is from Openspace Ventures the average startup value is 100-500 millions dollars. The real fund results show that this VC is 21 percentage points more often commits exit comparing to other companies. The increased amount of exits for fund were in 2019. The high activity for fund was in 2019. Deals in the range of 10 - 50 millions dollars are the general things for fund. The fund is generally included in 7-12 deals every year.
The typical case for the fund is to invest in rounds with 4 participants. Despite the Openspace Ventures, startups are often financed by Jungle Ventures, 500 Startups, Alpha JWC Ventures. The meaningful sponsors for the fund in investment in the same round are Jungle Ventures, MDI Ventures, 500 Startups. In the next rounds fund is usually obtained by MDI Ventures, Jungle Ventures, Square Peg Capital.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Broom | 01 Oct 2024 | Jakarta, Jakarta Raya, Indonesia | |||
Pathao | $12M | 15 Sep 2024 | Dhaka, Dhaka Division, Bangladesh | ||
Vanilla Finance | 04 Sep 2024 | - | |||
Beleaf | $1M | 26 Aug 2024 | Jawa Barat, West Java, Indonesia | ||
Every Half Coffee Roasters | 18 Aug 2024 | Vietnam, Ho Chi Minh City, Vietnam | |||
Fano Labs | 02 May 2024 | Hong Kong, Hong Kong, China | |||
Rukita | $16M | 07 Mar 2024 | Jakarta Pusat, Jakarta Raya, Indonesia | ||
Thryve.Earth | $2M | 07 Feb 2024 | Singapore, Central Region, Singapore | ||
Igloo | $36M | 04 Dec 2023 | Singapore, Central, Singapore |
– Neuroglee Therapeutics, a startup developing digital therapeutics for people with neurodegenerative diseases, has raised a $10m Series A led by Openspace Ventures and EDBI.
– The funding will be used to launch virtual neurology clinics and to support Neuroglee’s move to Boston.
– Other participants included Ramen Singh, the former chief executive officer of Mundipharma; Biofourmis co-founders Kuldeep Singh Rajput and Wendou Liu; and Eisai, the Japanese pharmaceutical that led Neuroglee’s last round last year.
– Neuroglee’s adaptive learning tech uses machine learning and biomarkers related to cognitive function, mood and behavior to automatically personalize therapy plans for each patient, who access the software through a smartphone or tablet.
– Nano Technologies, a startup that lets workers in Vietnam access their earned wages immediately through an app called VUI, has raised $3m in seed funding.
– The oversubscribed round was led by returning investors Golden Gate Ventures and Venturra Discovery, and included participation from FEBE Ventures, Openspace Ventures and Goodwater Capital.
– The startup was founded at the beginning of 2020 by Dzung Dang, formerly a general manager at Uber and chief executive officer of ZaloPay, and Thang Nguyen, who previously served as chief technology officer at Focal Labs and SeeSpace.
– VUI launched six months ago, and now serves more than 20,000 employees from companies like GS25, LanChi Mart and Annam Gourmet.
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| Company | Industry | Round Size | Date | Investors | Location |
Broom | 01 Oct 2024 | Jakarta, Jakarta Raya, Indonesia | |||
Pathao | $12M | 15 Sep 2024 | Dhaka, Dhaka Division, Bangladesh | ||
Vanilla Finance | 04 Sep 2024 | - | |||
Beleaf | $1M | 26 Aug 2024 | Jawa Barat, West Java, Indonesia | ||
Every Half Coffee Roasters | 18 Aug 2024 | Vietnam, Ho Chi Minh City, Vietnam | |||
Fano Labs | 02 May 2024 | Hong Kong, Hong Kong, China | |||
Rukita | $16M | 07 Mar 2024 | Jakarta Pusat, Jakarta Raya, Indonesia | ||
Thryve.Earth | $2M | 07 Feb 2024 | Singapore, Central Region, Singapore | ||
Igloo | $36M | 04 Dec 2023 | Singapore, Central, Singapore |
