Openspace Ventures Closes Third Fund at Hard Cap of US$200M This brings the Southeast Asian venture firm's total committed capital managed to US$425M SINGAPORE, March 12, 2021 /PRNewswire/ -- Openspace Ventures is pleased to announce the final close of Openspace Ventures III, L.P. on 26 Feb 2021, with total subscriptions accepted at US$200 million. Openspace now manages committed capital of US$425 million across three funds. "2021 is poised to be a strong year for Openspace Ventures and the Southeast Asian ecosystem," said Shane Chesson, Co-founder and Partner of Openspace. "Companies are scaling faster than ever and reaching key milestones on the path to liquidity or exit. This progress helped Openspace fully raise Fund 3 in 8 months during a pandemic. We thank investors for their confidence in us as we aim to continue to deliver superior returns and positively transform Southeast Asian economies in the long run." The firm counts global institutional powerhouses such as Temasek, StepStone Group and Sofina in its highly-regarded stable of repeat limited partners, including sovereign wealth funds, pension funds, university endowments, and insurance companies. Fund 3 saw the addition of new global investors including European institutions DEG and Norfund, US-based 57 Stars and Mizuho, a leading global bank headquartered in Japan.