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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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Openspace Ventures
VC

Singapore & Jakarta (co-HQ)| Est. N/D

Regional operational VC ($800M committed capital, 6 funds). Famous for leading Gojek's Series A. 58 portfolio companies. OSV IV closed Nov 2024 with JICA as LP ($20M).

StageSeries A
Ticket$5M - $25M
StatusActive
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Investment Thesis

Openspace Ventures (formerly NSI Ventures) manages $800M committed capital across 6 funds including 4 early-stage funds, OSV+ growth fund, and Ocular crypto fund. Co-founded by Hian Goh and Shane Chesson in 2014. Famous for leading Gojek's Series A. Portfolio exceeds $7B in follow-on capital raised. OSV IV final close Nov 2024 with JICA as LP ($20M). On-ground teams in Singapore, Jakarta, Ho Chi Minh City, Thailand, Philippines, Malaysia. Portfolio Success team supports companies operationally.

Operating Model

  • 01Active Intelligence methodology
  • 02Portfolio Success team
  • 03Multi-market presence
  • 04Climate tech focus
  • 05APAC Industry DEI Award 2024 (100 Women in Finance)

Focus Areas

AgnosticHealthAgriFintechClimate Tech

Notable Investments

GoTo Halodoc KredivoPluang Jiwa GroupRukita BroomMAKA Motors

Verified Deal Flow (2019-2025)

StartupDateStageAmountSector
SirsakJul 2025Pre-SeedUS$ 600kClimate
BroomOct 2024Series A+US$ 25MCommerce
RukitaMar 2024Series BUS$ 15MProptech
Beleaf FarmsAug 2023Series AUS$ 6.85MAgritech
HalodocJul 2023Series DUS$ 100MHealthtech
MAKA MotorsJul 2023SeedUS$ 37.6MEV / Auto
Kredivo HoldingsMar 2023Series DUS$ 270MFintech
BroomMar 2023Pre-Series AUS$ 10MFintech
iSellerJan 2023Series BUS$ 12MRetail Tech
ZeniusMar 2022Series BUndisclosedEdtech
PluangJan 2022Series BUS$ 55MFintech
PluangMar 2021Pre-Series BUS$ 20MFintech
iSeller2021Pre-Series BUS$ 8MSaaS / AI
TaniHub GroupApr 2020Series A+US$ 17MAgritech
TaniHub GroupMay 2019Series AUS$ 10MAgritech

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