
At a Glance
- Check Size
- $2M – $20M
- Stage
- Series A, Series B+
- AUM
- $500M+
- Sectors
- Consumer, Enterprise, Fintech
- Founded
- 2014
- HQ
- Singapore
About Openspace Ventures
Openspace Ventures was founded in 2014 as one of Southeast Asia's leading venture capital firms, focusing exclusively on the region's rapidly growing technology ecosystem. The firm was established by a team of experienced investors and entrepreneurs who recognized the significant opportunity in Southeast Asia's digital transformation. Openspace typically invests in Series A and B rounds, partnering with technology companies across consumer, enterprise, and fintech sectors throughout the ASEAN region. The firm has built a strong reputation for its deep local market knowledge and extensive network across Southeast Asian countries. Notable investments include automotive marketplace Carro, logistics company Ninja Van, and classified platform Carousell. What distinguishes Openspace is its regional focus and commitment to supporting founders as they scale across multiple Southeast Asian markets, leveraging the firm's cross-border expertise and relationships.
Investment Thesis
“Invests in the next wave of technology leaders across Southeast Asia.”
Leadership Team
Shane Chesson and Hian Goh co-founded Openspace in Singapore in 2014. Chesson was previously managing director and co-head of technology investment banking for Citigroup in Asia Pacific, with earlier stints at Merrill Lynch and Bain and Company, and serves as vice chairman of the Singapore Venture and Private Capital Association. Goh built and sold the Asian Food Channel to Scripps Networks Interactive and worked as a technology banker at SG Warburg and Salomon Smith Barney; he is a Kauffman Fellow with a law degree from Oxford.
Jessica Huang Pouleur is partner and leads Openspace Growth, arriving from Disney, where she headed corporate strategy and business development across Asia Pacific and the Middle East, and Providence Equity Partners, where she led the Southeast Asia investment team. Roughly twenty-three investment professionals cover Singapore, Indonesia, Thailand, the Philippines, Vietnam and Malaysia.
Sector Focus
Investment Stage
Notable Portfolio Companies
View full portfolio →Fund History
Openspace was founded in Singapore in 2014, built out of NSI Ventures, the venture arm of the Northstar Group, and now reports roughly $800M in committed capital across six funds. The firm does not itemize its earlier vehicles. The one fund with a disclosed close is Openspace Ventures IV, which reached a final close of $163M in November 2024 with the Japan International Cooperation Agency named as a limited partner alongside existing global institutional investors. That fund's US feeder had taken $25.35M from eleven accredited investors as of a June 2024 SEC filing, a slice of the total rather than the fund size.
The platform has since broadened well past early-stage venture into four further strategies: Ocular for frontier technology, a growth equity book covering Series C and D, Onyx for growth credit, and Orbit for listed small and mid-cap growth on the Singapore exchange. Sizes and vintages for Openspace Ventures I through III and the growth vehicle are not disclosed.
Frequently Asked Questions
What stage does Openspace Ventures invest at?
Openspace Ventures primarily invests at the Series A, Series B+ stages. This means they focus on companies that are scaling their go-to-market after proving product-market fit.
Where is Openspace Ventures located?
Openspace Ventures is headquartered in Singapore. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Openspace Ventures focus on?
Openspace Ventures focuses on investments in Consumer, Enterprise, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is Openspace Ventures's typical check size?
Openspace Ventures's typical investment check size ranges from $2M to $20M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Openspace Ventures have under management?
Openspace Ventures manages approximately $500M+ in assets under management (AUM) across their funds.
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