Temasek-Backed Openspace Ventures Closes $200 Million Third Fund

Openspace Ventures, backed by Temasek Holdings Pte, has closed its third Southeast Asia fund at $200 million as the venture capital firm seeks to replicate its successes in startups across the region.

The amount boosts the Singapore-based firm’s total committed capital under management to $425 million across three funds, co-founders Shane Chesson and Hian Goh said in an interview. Investors in the new fund include Germany’s DEG, Norway’s Norfund AS, U.S. asset manager 57 Stars LLC and Japan’s Mizuho Financial Group Inc.

WATCH: Shane Chesson, co-founder of Openspace Ventures, which is backed by Temasek Holdings Pte, discusses the Singapore-based firm’s strategy and outlook.

(Source: Bloomberg)

Shane Chesson and Hian Goh

Source: Openspace Ventures

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