Singapore: Temasek-backed Openspace Ventures closes US$200mil Third Fund

SINGAPORE, March 12 (Bloomberg): Openspace Ventures, backed by Temasek Holdings Pte, has closed its third Southeast Asia fund at US$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 US$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.