MindWorks Capital
MindWorks Capital is a Pan-Asia venture capital firm founded in 2013, headquartered in Hong Kong with offices in Beijing, Shanghai, and Jakarta, investing across all stages in technology companies in Greater China and Southeast Asia.
- Company typePrivate
- Founded2013
- HeadquartersCentral, Hong Kong SAR China
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MindWorks Capital does
MindWorks Capital is a Pan-Asia venture capital firm founded in 2013, headquartered in Hong Kong with additional offices in Beijing, Shanghai, and Jakarta. The firm invests across all stages from pre-seed/seed through Series D in technology companies operating in Greater China and Southeast Asia, with a stated focus on Artificial Intelligence, Fintech, and Logistics. The team of approximately 16 professionals is led by Founding Partner David Chang and Managing Partner Joe Chan, supported by additional investment partners, directors, analysts, and fund accountants.
The firm operates a series of investment fund vehicles — MindWorks Fund I, Fund II, Ventures Fund III, and Ventures Fund IV — through which it deploys capital into a portfolio of 44 companies. Notable portfolio and exit names include Lalamove, XTransfer, Glints, KKday, 99.co, UniUni, Collov, and DeepWisdom. Beyond capital, MindWorks provides portfolio companies with regional market access, cross-border expansion support across Greater China and Southeast Asia, and follow-on capital through subsequent funds.
MindWorks' revenue model follows standard VC industry mechanics: management fees (typically ~2% annually on committed capital) covering operational expenses and team salaries, supplemented by carried interest (typically ~20% of profits above the hurdle rate) earned on successful exits. The firm does not publicly disclose fee structures or revenue figures, and LP composition is not disclosed. Deal sourcing and LP relations are supported by a LinkedIn presence, a Medium blog, recurring opinion columns in the South China Morning Post, and a corporate website with an investor login portal.
MindWorks Capital firmographics
Firmographics- Name
- MindWorks Capital
- Legal name
- MindWorks Capital
- Website
- https://mindworks.vc
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MindWorks Capital is a Pan-Asia venture capital firm founded in 2013, headquartered in Hong Kong with offices in Beijing, Shanghai, and Jakarta, investing across all stages in technology companies in Greater China and Southeast Asia.
- Ownership category
- akta.pro rank
MindWorks Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
Keywords
Where MindWorks Capital is headquartered
LocationHeadquarters
- HQ city
- Central
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices4 records
Markets served
MindWorks Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Management Fees: VC firms typically charge management fees on committed capital, usually 2% annually, to cover operational expenses and team salaries.
- Carried Interest (Carry): VC firms earn performance fees (typically 20% of profits above the hurdle rate) when portfolio companies achieve successful exits through IPOs or acquisitions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
MindWorks Capital product offering
Product offeringCore offering
MindWorks Capital is a Pan-Asia venture capital firm that operates four investment funds (MindWorks Fund I, Fund II, Ventures Fund III, and Ventures Fund IV) to provide venture capital backing to early and growth-stage technology companies. The firm invests across all stages from seed/pre-seed through Series D in sectors including Artificial Intelligence, Fintech, and Logistics across Greater China and Southeast Asia, offering capital plus operational support to founders.
Product overview
MindWorks Capital is a Pan-Asia venture capital firm that operates across Greater China and Southeast Asia, headquartered in Hong Kong with offices in Beijing, Shanghai, and Jakarta. The firm offers four named investment funds (MindWorks Fund I, Fund II, Fund III, and Fund IV) that collectively provide venture capital backing to early and growth-stage technology companies. Rather than a unified software product, MindWorks Capital's offering consists of investment vehicles and portfolio support services for exceptional founders building transformational companies in AI, fintech, logistics, and other technology sectors.
Differentiator
Problem solved
Functional benefit
Brands
- MindWorks Fund I: First investment fund vehicle managed by MindWorks Capital
- MindWorks Fund II
- MindWorks Ventures Fund III
- MindWorks Ventures Fund IV
Products and services
- MindWorks Fund I
Companies that use MindWorks Capital
Customer profileSegments2 records
Ideal customer profiles2 records
MindWorks Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MindWorks Capital partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
MindWorks Capital competitors and assessment
Company assessmentDirect peers
- Insignia Ventures Partners: Pan-Asia early-to-growth stage VC based in Singapore that invests across Southeast Asia and selectively in Greater China. Direct peer to MindWorks given overlapping stage range, sector focus on tech, and similar fund size; both have co-invested (Sending Labs).
- Wavemaker Partners: Pan-Asia VC investing across Southeast Asia and the US from seed through Series B. Comparable to MindWorks in stage breadth, sector focus, and regional coverage, with similar fund sizes and office footprint across Asia.
- Golden Gate Ventures: Southeast Asia-focused early-stage VC investing from seed to Series A. Overlaps with MindWorks on regional coverage and stage, particularly within Indonesia, Singapore, and Vietnam — competing for similar founders and pan-regional deals.
- East Ventures: Pan-Asia (predominantly Indonesia and Southeast Asia) early-stage VC investing from seed through growth. Comparable stage and geography focus to MindWorks, with similar sector breadth across consumer, fintech, and logistics.
- Monk's Hill Ventures: Singapore-based Pan-Asia VC investing in early-stage tech companies across Southeast Asia. Direct competitor for Southeast Asia deals, comparable fund size, and overlapping sector focus on AI, fintech, and consumer tech.
- Openspace Ventures: Southeast Asia-focused VC with offices in Singapore, Jakarta, and Bangkok investing across Series A and beyond. Overlaps with MindWorks on regional coverage and growth-stage Southeast Asia tech investing.
- Alpha JWC Ventures: Indonesia and Southeast Asia-focused early-to-growth stage VC. Competes with MindWorks for Indonesian deals given MindWorks' Jakarta office presence, with comparable stage range and sector focus.
Broad incumbents
- GGV Capital (Granite Asia): Larger multi-stage VC with deep Pan-Asia presence covering both Greater China and Southeast Asia. Comparable to MindWorks on geography but operates at materially larger fund sizes and broader stage range.
- IDG Capital: One of the largest and most established Pan-Asia VCs, investing across all stages from seed to pre-IPO across China and Southeast Asia. Compares to MindWorks on geography and stage breadth but at much greater scale and broader sector coverage.
- HongShan (formerly Sequoia China): Premier Greater China VC investing across all stages. While MindWorks covers both Greater China and Southeast Asia at smaller scale, HongShan dominates many of the same deal flows in China at materially larger fund sizes.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
MindWorks Capital social profiles
Digital presenceMindWorks Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
MindWorks Capital leadership team
Management profileNumber of profiles
Profiles9 records
MindWorks Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MindWorks Capital M&A and investment
M&A and investmentM&A
Investments75 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MindWorks Capital
What does MindWorks Capital do?
MindWorks Capital is a Pan-Asia venture capital firm that operates four investment funds (MindWorks Fund I, Fund II, Ventures Fund III, and Ventures Fund IV) to provide venture capital backing to early and growth-stage technology companies. The firm invests across all stages from seed/pre-seed through Series D in sectors including Artificial Intelligence, Fintech, and Logistics across Greater China and Southeast Asia, offering capital plus operational support to founders.
Is MindWorks Capital a public or private company?
MindWorks Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MindWorks Capital founded?
MindWorks Capital was founded in 2013. It employs 11 to 50 people.
Where is MindWorks Capital based?
MindWorks Capital is headquartered in Central, Hong Kong SAR China, in the Asia region.
How does MindWorks Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest (Carry).
Who are MindWorks Capital's main competitors?
Direct peers on record are Insignia Ventures Partners, Wavemaker Partners, Golden Gate Ventures, East Ventures, Monk's Hill Ventures, Openspace Ventures and Alpha JWC Ventures. Broad incumbents are GGV Capital (Granite Asia), IDG Capital and HongShan (formerly Sequoia China).
Does MindWorks Capital have an API?
No public API is recorded for MindWorks Capital.
What industry is MindWorks Capital in?
MindWorks Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed). Its NAICS code is 52394 and its SIC code is 6282.