Openspace Ventures is a Singapore-based venture capital firm founded in 2014, dedicated to identifying and supporting transformative companies in Southeast Asia that operate at the intersection of technology and everyday life. The firm focuses on early to mid-stage investments, concentrating on sectors such as consumer applications, healthcare, finance, enterprise, and frontier technologies. With a total committed capital of $650 million from various global and regional institutional investors, Openspace Ventures manages multiple funds, including those targeting Series A/B financing, mid-stage growth, and cryptocurrency ventures. The firm boasts a team of 32 professionals across five offices and has invested in over 40 portfolio companies, which have collectively raised more than $7 billion in follow-on capital. Notable companies in its portfolio include Gojek/GoTo, Biofourmis, Halodoc, and Love, Bonito, among others.
MAKA is dedicated to building the best electric motorcycles for Indonesian riders.
Igloo
Series C in 2023
Igloo is a full-stack insurtech firm based in Singapore, with additional offices across Southeast Asia, including Indonesia, Thailand, the Philippines, Vietnam, and Malaysia, as well as tech centers in China and India. Founded with the mission to make insurance accessible for all, Igloo utilizes artificial intelligence and big data for real-time risk assessment and automated claims management. The company specializes in business-to-business-to-consumer insurance solutions, providing services that help platform and insurance companies mitigate operational risks, generate new revenue streams, and enhance existing products and services. Igloo has established partnerships with over 55 prominent brands across various industries, including telecommunications, e-commerce, hospitality, health tech, and financial services, demonstrating its commitment to innovation and accessibility in the insurance sector.
Beleaf
Series A in 2023
Beleaf is a hydroponic farm based in Bogor, Indonesia, specializing in the cultivation of fresh and nutritious food. The company employs vertical farming techniques that utilize hydroponic systems, significantly reducing water usage while producing a variety of greens and vegetables. By establishing a sustainable supply chain with a low-carbon footprint, Beleaf aims to deliver farm-fresh produce directly to consumers, promoting both convenience and environmental responsibility.
Halodoc
Series D in 2023
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, making healthcare more accessible. The platform also allows patients to order laboratory tests that can be conducted at home. Additionally, HaloDoc helps users locate the nearest hospitals and clinics, streamlining the process of obtaining medical advice and services in real-time.
Maka Motors
Seed Round in 2023
MAKA is dedicated to building the best electric motorcycles for Indonesian riders.
Kredivo
Series D in 2023
Kredivo is a leading digital financial services provider in Southeast Asia, offering innovative credit solutions primarily in Indonesia and Vietnam. Founded in 2016 and headquartered in Jakarta, Kredivo enables customers to access instant credit financing for e-commerce and offline purchases, as well as personal loans, through its digital platform. The company utilizes real-time decision-making to assess creditworthiness, allowing for a seamless and transparent user experience. Its flagship product offers various payment options, including an online credit card with the flexibility of paying within 30 days or through monthly installments. Kredivo's modern API facilitates the integration of its services as a payment method for online retailers, broadening access to credit for consumers across the region.
iSeller
Series B in 2023
iSeller, founded in 2016 by Jimmy Petrus in Jakarta Raya, Indonesia, is a business tool and management platform designed to support small and medium-sized enterprises (SMEs) in their digital transformation. The company, established by Intersoft Solutions, aims to empower millions of Indonesian SMEs by providing them with access to innovative technology and digital tools. iSeller offers a range of services, including e-commerce platforms and integration services, enabling businesses to develop applications efficiently across web, desktop, and mobile environments. By focusing on enhancing productivity and facilitating growth, iSeller seeks to help SMEs thrive in the digital era, allowing them to expand their operations with greater ease and efficiency.
Kredivo
Series D in 2022
Kredivo is a leading digital financial services provider in Southeast Asia, offering innovative credit solutions primarily in Indonesia and Vietnam. Founded in 2016 and headquartered in Jakarta, Kredivo enables customers to access instant credit financing for e-commerce and offline purchases, as well as personal loans, through its digital platform. The company utilizes real-time decision-making to assess creditworthiness, allowing for a seamless and transparent user experience. Its flagship product offers various payment options, including an online credit card with the flexibility of paying within 30 days or through monthly installments. Kredivo's modern API facilitates the integration of its services as a payment method for online retailers, broadening access to credit for consumers across the region.
Octopus
Convertible Note in 2022
Octopus is a circular economy platform that helps producers to track and collect their post-consumer products for both recyclable and non-recyclable. They verify local waste stakeholders to help producers identify their EPR strategy.
Zenius
Series B in 2022
Zenius is an online education platform dedicated to enhancing the learning experience of Indonesian students by promoting critical thinking and scientific knowledge. The company offers subscription-based self-learning materials tailored for K12 students throughout Indonesia. Its platform provides educational videos that are accessible online and also available offline through CDs and DVDs. By utilizing a visual medium, Zenius aims to deliver critical, logical, and integrated scientific knowledge, making learning engaging and effective for its users.
iSeller
Series B in 2021
iSeller, founded in 2016 by Jimmy Petrus in Jakarta Raya, Indonesia, is a business tool and management platform designed to support small and medium-sized enterprises (SMEs) in their digital transformation. The company, established by Intersoft Solutions, aims to empower millions of Indonesian SMEs by providing them with access to innovative technology and digital tools. iSeller offers a range of services, including e-commerce platforms and integration services, enabling businesses to develop applications efficiently across web, desktop, and mobile environments. By focusing on enhancing productivity and facilitating growth, iSeller seeks to help SMEs thrive in the digital era, allowing them to expand their operations with greater ease and efficiency.
TaniHub
Series B in 2021
TaniHub is a B2B agriculture marketplace based in Indonesia that connects farmers with businesses in the food, hotel, restaurant, and catering sectors. Established in 2015 by co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan, TaniHub provides an e-commerce platform for agricultural products. The platform empowers local farmers by facilitating market access and financial opportunities, allowing them to sell their crops to individuals and micro, small, and medium enterprises (MSMEs) across various regions.
Halodoc
Series C in 2021
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, making healthcare more accessible. The platform also allows patients to order laboratory tests that can be conducted at home. Additionally, HaloDoc helps users locate the nearest hospitals and clinics, streamlining the process of obtaining medical advice and services in real-time.
Zenius
Series B in 2021
Zenius is an online education platform dedicated to enhancing the learning experience of Indonesian students by promoting critical thinking and scientific knowledge. The company offers subscription-based self-learning materials tailored for K12 students throughout Indonesia. Its platform provides educational videos that are accessible online and also available offline through CDs and DVDs. By utilizing a visual medium, Zenius aims to deliver critical, logical, and integrated scientific knowledge, making learning engaging and effective for its users.
iSeller
Series A in 2020
iSeller, founded in 2016 by Jimmy Petrus in Jakarta Raya, Indonesia, is a business tool and management platform designed to support small and medium-sized enterprises (SMEs) in their digital transformation. The company, established by Intersoft Solutions, aims to empower millions of Indonesian SMEs by providing them with access to innovative technology and digital tools. iSeller offers a range of services, including e-commerce platforms and integration services, enabling businesses to develop applications efficiently across web, desktop, and mobile environments. By focusing on enhancing productivity and facilitating growth, iSeller seeks to help SMEs thrive in the digital era, allowing them to expand their operations with greater ease and efficiency.
GoPlay
Series A in 2020
GoPlay provides Indonesian consumers access to local movies and shows, with genres ranging from soaps to horror.
Gojek
Series F in 2020
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.
Validus Capital
Series B in 2020
Validus is a fintech company focused on providing growth financing solutions to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company employs data and artificial intelligence to facilitate access to short- and medium-term credit financing through its online marketplace, which operates on a peer-to-peer lending model. This platform connects SMEs with accredited investors, streamlining the financing process while minimizing costs associated with financial intermediation. Validus aims to foster inclusive growth for SMEs and the broader economy by partnering with corporations to enhance supply chain financing within SME ecosystems. The company is regulated by the Monetary Authority of Singapore and has also secured registration from Indonesia's OJK for its local operations.
Igloo
Series A in 2020
Igloo is a full-stack insurtech firm based in Singapore, with additional offices across Southeast Asia, including Indonesia, Thailand, the Philippines, Vietnam, and Malaysia, as well as tech centers in China and India. Founded with the mission to make insurance accessible for all, Igloo utilizes artificial intelligence and big data for real-time risk assessment and automated claims management. The company specializes in business-to-business-to-consumer insurance solutions, providing services that help platform and insurance companies mitigate operational risks, generate new revenue streams, and enhance existing products and services. Igloo has established partnerships with over 55 prominent brands across various industries, including telecommunications, e-commerce, hospitality, health tech, and financial services, demonstrating its commitment to innovation and accessibility in the insurance sector.
TaniHub
Series A in 2020
TaniHub is a B2B agriculture marketplace based in Indonesia that connects farmers with businesses in the food, hotel, restaurant, and catering sectors. Established in 2015 by co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan, TaniHub provides an e-commerce platform for agricultural products. The platform empowers local farmers by facilitating market access and financial opportunities, allowing them to sell their crops to individuals and micro, small, and medium enterprises (MSMEs) across various regions.
TaniHub
Series A in 2019
TaniHub is a B2B agriculture marketplace based in Indonesia that connects farmers with businesses in the food, hotel, restaurant, and catering sectors. Established in 2015 by co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan, TaniHub provides an e-commerce platform for agricultural products. The platform empowers local farmers by facilitating market access and financial opportunities, allowing them to sell their crops to individuals and micro, small, and medium enterprises (MSMEs) across various regions.
Sorabel
Series B in 2019
Sorabel is a rapidly growing startup focused on providing affordable, high-quality clothing through an online platform. It aims to challenge the traditional fashion industry, which often charges excessively high prices and caters primarily to the privileged. By minimizing overhead costs and reducing intermediary expenses, Sorabel offers a wide range of women's apparel and accessories at discounted prices, making fashion accessible to a broader audience, including the working class and underprivileged. The company's team comprises graduates from prestigious institutions and professionals with experience in top tech companies. Sorabel operates in multiple cities, including Jakarta, Tangerang, Yogyakarta, Bandung, Bali, and Singapore, emphasizing its commitment to leveraging data and technology in its business model.
Halodoc
Series B in 2019
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, making healthcare more accessible. The platform also allows patients to order laboratory tests that can be conducted at home. Additionally, HaloDoc helps users locate the nearest hospitals and clinics, streamlining the process of obtaining medical advice and services in real-time.
Validus Capital
Series B in 2019
Validus is a fintech company focused on providing growth financing solutions to underserved small and medium enterprises (SMEs) in the ASEAN region, including Singapore, Indonesia, Vietnam, and Thailand. The company employs data and artificial intelligence to facilitate access to short- and medium-term credit financing through its online marketplace, which operates on a peer-to-peer lending model. This platform connects SMEs with accredited investors, streamlining the financing process while minimizing costs associated with financial intermediation. Validus aims to foster inclusive growth for SMEs and the broader economy by partnering with corporations to enhance supply chain financing within SME ecosystems. The company is regulated by the Monetary Authority of Singapore and has also secured registration from Indonesia's OJK for its local operations.
Kredivo
Series B in 2018
Kredivo is a leading digital financial services provider in Southeast Asia, offering innovative credit solutions primarily in Indonesia and Vietnam. Founded in 2016 and headquartered in Jakarta, Kredivo enables customers to access instant credit financing for e-commerce and offline purchases, as well as personal loans, through its digital platform. The company utilizes real-time decision-making to assess creditworthiness, allowing for a seamless and transparent user experience. Its flagship product offers various payment options, including an online credit card with the flexibility of paying within 30 days or through monthly installments. Kredivo's modern API facilitates the integration of its services as a payment method for online retailers, broadening access to credit for consumers across the region.
Love, Bonito
Series B in 2018
Love, Bonito is the best and largest vertically integrated, omni-channel women’s fashion brand in the region. Founded in 2010, she has grown to 150 people strong, proudly headquartered in Singapore with country offices in Indonesia, Malaysia, and Hong Kong and an omni-channel presence across these 4 markets, plus an international e-commerce site that ships globally. Love, Bonito is redefining what retail means - thoughtful, experiential, community-driven - with sights set on becoming the most thoughtful brand globally, for the everyday woman.
Sorabel
Venture Round in 2017
Sorabel is a rapidly growing startup focused on providing affordable, high-quality clothing through an online platform. It aims to challenge the traditional fashion industry, which often charges excessively high prices and caters primarily to the privileged. By minimizing overhead costs and reducing intermediary expenses, Sorabel offers a wide range of women's apparel and accessories at discounted prices, making fashion accessible to a broader audience, including the working class and underprivileged. The company's team comprises graduates from prestigious institutions and professionals with experience in top tech companies. Sorabel operates in multiple cities, including Jakarta, Tangerang, Yogyakarta, Bandung, Bali, and Singapore, emphasizing its commitment to leveraging data and technology in its business model.
Chope
Series D in 2017
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.
Kredivo
Series A in 2017
Kredivo is a leading digital financial services provider in Southeast Asia, offering innovative credit solutions primarily in Indonesia and Vietnam. Founded in 2016 and headquartered in Jakarta, Kredivo enables customers to access instant credit financing for e-commerce and offline purchases, as well as personal loans, through its digital platform. The company utilizes real-time decision-making to assess creditworthiness, allowing for a seamless and transparent user experience. Its flagship product offers various payment options, including an online credit card with the flexibility of paying within 30 days or through monthly installments. Kredivo's modern API facilitates the integration of its services as a payment method for online retailers, broadening access to credit for consumers across the region.
Topica Edtech Group
Series C in 2016
Topica Edtech Group is a multinational educational technology company headquartered in Hanoi, Vietnam, with operations extending to the Philippines, Singapore, Thailand, Indonesia, and the United States. The company specializes in offering a 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 online open courses known as Edumall. Its services leverage augmented artificial intelligence to create personalized learning experiences, aiming to provide high-quality education to millions of students. By collaborating with universities, Topica Edtech Group enables institutions to offer comprehensive online degree programs, thereby enhancing access to education across various fields.
Halodoc
Series A in 2016
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, making healthcare more accessible. The platform also allows patients to order laboratory tests that can be conducted at home. Additionally, HaloDoc helps users locate the nearest hospitals and clinics, streamlining the process of obtaining medical advice and services in real-time.
Gojek
Series D in 2016
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.
Halodoc
Seed Round in 2016
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, founded in 2016. It connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its services. Users can engage with medical professionals via video calls, voice calls, and chat, making healthcare more accessible. The platform also allows patients to order laboratory tests that can be conducted at home. Additionally, HaloDoc helps users locate the nearest hospitals and clinics, streamlining the process of obtaining medical advice and services in real-time.
Gojek
Series C in 2016
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.
Gojek
Series B in 2015
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.
Chope
Series C in 2015
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.
Gojek
Series A in 2014
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.
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