2024.09.11
On September 10, the Japan International Cooperation Agency (JICA) signed an investment agreement with Openspace Ventures IV, L.P. through Private Sector Investment Finance scheme.
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Investee
Openspace Ventures IV, L.P.
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Country (Target Areas)
Southeast Asia Region
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Investment Amount
20 million USD
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Project Purpose
This project aims to improve access to finance for start-up companies by investing in a fund that invests in start-up companies in Southeast Asia region, thereby contributing to the development and expansion of start-up companies in the region.
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Project Component
This project provides capital to Southeast Asian startups engaged in innovative businesses and support to strengthen their management capabilities through Openspace Ventures IV, L.P., a fund managed by Openspace Ventures Pte. Ltd., a Southeast Asia focused venture capital firm investing in tech companies in the region and backed by many institutional investors. Co-headquartered in Singapore and Indonesia, Openspace also has offices in Vietnam, Philippines and Thailand, and a presence in Malaysia. With a Portfolio Success team and on-the-ground coverage, its professionals partner with portfolio companies to build viable and responsible business-to-business(B2B) and business-to-consumers(B2C) businesses in Southeast Asia.
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Contribution to SDGs
Goal 5 (Gender equality)
Goal 8 (Decent work and economic growth)
Goal 9 (Industry, innovation and infrastructure)
Goal 17 (Partnerships for the goals)
Improving healthcare access in Indonesia through a health tech platform offering services such as telemedicine and medicine delivery to remote areas. (Halodoc)
Enhancing well-being through finance for workers in Vietnam by enabling employees to access their already-earned wages on demand (Nano)
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Signing Ceremony (Openspace Ventures IV, L.P.)
Signing Ceremony (JICA)
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