About Openspace ventures
Openspace Ventures: Revolutionizing Southeast Asian Tech Startups
In today's fast-paced world, technology has become an integral part of our lives. From smartphones to social media platforms, technology has transformed the way we live and work. In Southeast Asia, a region with a population of over 650 million people, the tech industry is booming. With a growing middle class and increasing internet penetration rates, Southeast Asia is quickly becoming one of the most exciting regions for tech startups.
Enter Openspace Ventures - a leading venture capital firm that is finding and backing Southeast Asian companies creating transformative impact where tech meets life. Founded in 2014 by Shane Chesson and Hian Goh, Openspace Ventures has quickly established itself as one of the most prominent players in the Southeast Asian startup ecosystem.
With offices in Singapore and Jakarta, Openspace Ventures invests in early-stage startups across various sectors including e-commerce, fintech, healthcare, logistics and more. The firm's portfolio includes some of the most successful startups in Southeast Asia such as Gojek (Indonesia), Love Bonito (Singapore), Halodoc (Indonesia) and many others.
What sets Openspace Ventures apart from other venture capital firms is its deep understanding of the local market dynamics combined with its global network. The team at Openspace Ventures comprises experienced entrepreneurs who have built successful businesses themselves. This gives them unique insights into what it takes to build a successful startup in Southeast Asia.
The firm's investment philosophy revolves around finding exceptional founders who are solving real problems for their customers using innovative technology solutions. They look for companies that have strong product-market fit with scalable business models that can create significant value over time.
Openspace Ventures also provides hands-on support to its portfolio companies through its dedicated team of operating partners who bring expertise across various functions such as marketing, finance, operations etc. This helps startups accelerate their growth trajectory while avoiding common pitfalls along the way.
One area where Openspace Ventures has been particularly active is in the fintech space. With Southeast Asia being home to over 400 million unbanked or underbanked individuals, there is a huge opportunity for fintech startups to create innovative solutions that can improve financial inclusion. Openspace Ventures has invested in several fintech startups such as Payfazz (Indonesia), CXA Group (Singapore) and FinAccel (Indonesia) that are disrupting traditional financial services.
Another area where Openspace Ventures has made significant investments is in the e-commerce sector. With e-commerce penetration rates still relatively low in Southeast Asia, there is a huge potential for growth. The firm's portfolio includes successful e-commerce startups such as Love Bonito (Singapore), Pomelo Fashion (Thailand) and Sociolla (Indonesia).
In addition to its investment activities, Openspace Ventures also plays an active role in supporting the broader startup ecosystem in Southeast Asia. The firm organizes events and workshops that bring together entrepreneurs, investors and other stakeholders to share knowledge and best practices.
Overall, Openspace Ventures is playing a critical role in shaping the future of tech startups in Southeast Asia. Its deep understanding of local market dynamics combined with its global network makes it an ideal partner for early-stage startups looking to scale their businesses rapidly. With its track record of success and commitment to supporting founders every step of the way, it's no surprise that Openspace Ventures continues to be one of the most sought-after venture capital firms by entrepreneurs across Southeast Asia.