Openspace Ventures, a venture capital firm based in Singapore, has just closed its third fund to invest in Southeast Asian startup companies.

The third fund, which is $200 million in size, looks to back mid-stage startups in the region.

Investors in the fund include DEG from Germany, Norfund AS from Norway, Mizuho Financial Group from Japan, and 57 Stars LLC from the United States.

As of today, the firm's total committed capital under management stands at $425 million.

Launched in 2014 by Hian Goh and Shane Chesson, Openspace Ventures has invested in 33 companies across 12 countries.

The company was also an early investor in unicorns GoJek from Indonesia, and Biofourmis from Singapore.

"We continue to see enormous untapped potential in the market. The Southeast Asian startup ecosystem continues to evolve and is now producing a high volume of attractive mid-stage investment opportunities. We are proud to be a meaningful contributor to the region's tech ecosystem's evolution as we continue to back strong start-ups and participate in their next phase of growth.", mentioned Jessica Huang Pouleur, Openspace as Executive Director.