What Openspace Capital does

Openspace Capital is a Singapore-headquartered, Southeast Asia-focused multi-strategy asset manager and venture capital firm managing US$800M in committed capital across six funds. The firm invests in tech-native and tech-enabled companies at the early and growth stages across multiple sectors in Singapore, Indonesia, Thailand, the Philippines, Vietnam, and Malaysia, supported by on-the-ground teams in each market. Its core operating model, branded "Active Intelligence," layers hands-on operational support onto capital deployment via a dedicated Portfolio Success team covering tech and engineering, recruitment, ESG and impact, and investor relations. The firm's two principal customer segments are (i) institutional limited partners (sovereign wealth funds, pensions, endowments, corporates, family offices) who commit capital to its funds, and (ii) portfolio company founders who receive investment plus operational support.

The firm generates revenue through traditional VC economics: recurring management fees on committed capital and performance-based carried interest on successful realizations. It does not sell a commercial product or SaaS platform. Its internal technology stack centers on a proprietary system called Alchemy, which handles deal tracking, portfolio management, ETL pipelines, and ML models used by investment managers; the system is maintained by an in-house data science function. Thought-leadership assets — the annual Coalesce Index on SE Asia interconnectivity, the "The Craft" podcast, sustainability progress reports, and content marketing — support LP fundraising and ecosystem positioning rather than direct monetization.

Distribution is exclusively direct: investment teams source deals through regional networks, referrals, and outreach, while LP fundraising targets qualified institutional investors via a secure investor portal. The firm is privately held, led by founding partners Hian Goh and Shane Chesson, and operates alongside the Openspace Ventures brand. Recent strategic emphasis has shifted toward climate tech and hybrid/PE-style structures in response to softer SE Asia VC fundraising conditions in 2025.

Name

Openspace Capital

Legal name

Openspace Capital Pte. Ltd.

Website

https://openspacecapital.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Openspace Capital is a Singapore-based multi-strategy asset manager investing across Southeast Asia, deploying US$800M across six funds into early- and growth-stage tech companies, and supporting founders through on-the-ground teams in five countries plus an operational Portfolio Success platform.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investors, Nec (6799), Services-Management Consulting Services (8742)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital investing
• Growth equity funds
• Southeast asia investments
• Tech startup funding
• Private equity management

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management: VC/PE fund management with committed capital across 6 funds totaling US$800M. Generates revenue through management fees and carried interest on successful investments.
2. Portfolio Value Creation: Active Intelligence approach providing operational support to portfolio companies, including tech & engineering guidance, recruitment support, and change management advisory through Portfolio Success team.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Openspace Capital manages 6 venture and growth funds totaling US$800M in committed capital, investing in tech-native and tech-enabled companies at the early and growth stages across Southeast Asia. Through its 'Active Intelligence' approach, the firm pairs capital with hands-on operational support from a Portfolio Success team covering technology, engineering, recruitment, ESG, and change management for portfolio companies. The firm also operates specialized strategies including the Ocular Web3 fund.

Product overview

Openspace Capital is a multi-strategy asset manager focused on Southeast Asia, operating as a venture capital firm with US$800M in committed capital across 6 funds. The firm invests in tech-native and tech-enabled businesses across early and growth stages within the Southeast Asian region. Their investment approach, termed 'Active Intelligence,' involves working with portfolio companies to realize their visions through operational support and ecosystem partnerships. The firm does not offer a traditional product or software platform; rather, it provides investment capital, strategic guidance, and operational assistance to portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Openspace Southeast Asia Venture and Growth Funds (6 funds, US$800M AUM) Multi-fund venture and growth capital product targeting early and growth stage tech-native and tech-enabled companies across Southeast Asia. Available to qualified institutional limited partners via the firm's investor login portal.
• Active Intelligence Portfolio Support Operational value creation service combining hands-on support in technology and engineering, recruitment, ESG, and change management for portfolio companies, delivered through a dedicated Portfolio Success team.
• Ocular Web3 Fund Specialized Web3 and crypto investment strategy operated as a dedicated fund within Openspace Capital, led by Executive Director Amy Zhao.
• Coalesce Index Research Report Annual research report measuring Southeast Asia's interconnectivity, providing thought leadership for investors, founders, and observers of the region.

Quantifiable outcome

• US$800M committed capital across 6 funds

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• KPMGcoreStrategic or Co-development Partner · 18 July 2023Openspace partnered with KPMG to host a panel on credible carbon accounting and markets. The panel brought together key stakeholders including South Pole, Terrascope, and CDP to discuss carbon market credibility and data-driven solutions.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Jungle Ventures: Singapore-based VC investing across SE Asia at early and growth stages with multi-fund platform. Directly comparable to Openspace in stage, geography, and tech-enabled thesis.
• AC Ventures: Indonesia-focused early-to-growth VC. Highly comparable given deep regional country expertise (particularly Indonesia), tech-enabled thesis, and active co-investor relationships with Openspace.
• East Ventures: Indonesia-headquartered, SE Asia-focused early-stage VC. Direct peer given overlapping geographic focus (especially Indonesia), tech-stage mandate, and multi-fund structure serving similar founder and LP segments as Openspace.
• Golden Gate Ventures: Singapore-based SE Asia-focused early-stage VC with a multi-fund structure. Closely comparable on regional specialist positioning, stage focus, and LP base targeting SE Asia exposure.
• Alpha JWC Ventures: Indonesia-based early-to-growth VC. Comparable on stage, geographic overlap, and tech-driven investment thesis across SE Asia.
• Wavemaker Partners: US- and SE Asia-based early-stage VC with active offices in Singapore, Jakarta, Bangkok, and Manila. Direct comparable on geography, stage, and sector breadth across SE Asia tech.
• Monk's Hill Ventures: Singapore-headquartered SE Asia-focused early-stage tech VC. Comparable on stage mandate, geography, and operational value-add orientation toward portfolio founders.
• Vertex Ventures: Temasek-backed VC network with strong SE Asia presence. Comparable multi-stage, multi-country SE Asia tech mandate and LP profile; larger parent organization provides broader capital access.

Broad incumbents

• 500 Global: Global early-stage VC and accelerator with deep SE Asia presence. Comparable on SE Asia tech deployment and LP structure, though broader and earlier-stage tilt than Openspace's growth-inclusive mandate.
• Sequoia Capital (Peak XV): Top-tier global VC (split from Sequoia) with significant SE Asia operations and India crossover deals. Competes with Openspace for SE Asia growth-stage tech deals and LP allocations, though with much larger fund sizes.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/openspacevc
• Facebookfacebook.com/openspacevc
• LinkedInlinkedin.com/company/openspacevc

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments131 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Openspace Capital