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Openspace Ventures

Investor type Venture Capital
Founders Hian Goh Jessica Pouleur Shane Chesson

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 76
Average round size
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The average size of a deal this fund participated in
$33M
Portfolio companies 41
Rounds per year 9.50
Lead investments 20
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.46
Exits 4
Key employees 3
Stages of investment
Early Stage Venture

Areas of investment

  • E-Commerce
  • Financial Services
  • Information Technology
  • Internet
  • Software
Summary

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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Openspace Ventures:
Typical Co-investors
Openspace Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Openspace Ventures:

Funds with similar focus

Funds from Singapore
Funds with similar focus located in Singapore:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Lista

Financial Services
Information Technology
Software
$5M22 Jun 2022 San Juan, Manila, Philippines

FreshKet

Agriculture
Food and Beverage
Restaurants
$24M20 May 2022 Thailand

Biofourmis

Biotechnology
mHealth
Personal Health
Predictive Analytics
Therapeutics
Wearables
$300M26 Apr 2022 Boston, Massachusetts, United States

Datature

Artificial Intelligence
Computer Vision
Information Technology
Machine Learning
Project Management
$2M14 Mar 2022 Singapore, Central, Singapore

Igloo

Financial Services
FinTech
Insurance
InsurTech
$19M10 Mar 2022 Singapore, Central, Singapore

Zenius Education

Education
Educational and Training Services (B2C)
Educational Software
07 Mar 2022 Jakarta, Jakarta Raya, Indonesia

SariSuki

Delivery
E-Commerce
Grocery
$7M02 Mar 2022 Quezon City, Philippines

Pluang

Financial Services
FinTech
$55M12 Jan 2022 Jakarta, Jakarta Raya, Indonesia

Jiwa Group

Food and Beverage
06 Nov 2021 Jakarta, Jakarta Raya, Indonesia
News
Digital therapeutics startup Neuroglee raises $10M to help people with neurodegenerative conditions

– 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.

Vietnamese flexible pay startup Nano raises $3M seed round

– 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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