Openspace was founded in Singapore in 2014 as NSI Ventures, the venture arm of private equity firm Northstar Group, and became independent under the Openspace Ventures name in 2018. It backs tech-native and tech-enabled companies in Southeast Asia, and its published portfolio is grouped into consumer, finance, health, agriculture, SaaS and sustainability. The manager now runs several strategies alongside its Openspace Ventures early-stage funds: Openspace Growth for Series C and D, Ocular for frontier technology and digital assets, Onyx for growth credit and Orbit for listed small and mid caps; it renamed itself Openspace Capital in 2025 to reflect that shift. It states US$800M in committed capital across six funds and operates from Singapore with people in Indonesia, Thailand, the Philippines, Vietnam and Malaysia.
2014
Founded in Singapore as NSI Ventures, the venture capital arm of private equity firm Northstar Group, by Shane Chesson and Hian Goh.
2017
First close announced on a US$125M second fund while still part of Northstar (TechCrunch, December 2017).
2018
RENAME: NSI Ventures rebrands as Openspace Ventures and separates from Northstar Group to operate as an independent Southeast Asia venture manager (announced 25-26 April 2018; DealStreetAsia, TechCrunch). Northstar co-founder Patrick Walujo stays on as a senior advisor for Indonesia.
2018
Fund II closes at its US$135M hard cap in August; LPs include Temasek and StepStone (PR Newswire, KrASIA).
2021
Fund III closes at its US$200M hard cap on 12 March, taking the firm to US$425M across three funds; LPs include Temasek, StepStone, Sofina, DEG, Norfund, 57 Stars and Mizuho.
2022
OSV+, the growth-stage fund, reaches final close at US$200M in April; it is later renamed Openspace Growth (DealStreetAsia).
2024
OSV IV, the fourth early-stage fund, holds final close at US$163M on 19 November, with the Japan International Cooperation Agency among the LPs.
2025
RENAME: the manager is renamed Openspace Capital as it adds Orbit, a listed-equities strategy run with Perennial Partners targeting SGD 500M, and Onyx, a growth-credit strategy targeting US$200M, and opens a Hong Kong office (Mergermarket/ION Analytics, 17 September 2025).