Mind Fund

What Mind Fund does

Mind Fund is a Hong Kong-based startup studio and venture capital investor, operating as Mind Fund Group Limited since 2017. The firm is structured around four interconnected service pillars: Growth (late-stage and strategic investments in blockchain, Web3, and technology companies), Incubation (a Global Incubation Stream network co-established with Digital Garage in 2017, connecting 13 international partner organizations to support portfolio company expansion), Impact (social entrepreneurship investment), and Studio (internal venture development with entrepreneurs and organizations). Mind Fund also maintains a News aggregation platform that surfaces portfolio company developments from major publications including Forbes, Bloomberg, CoinDesk, Reuters, TechCrunch, and VentureBeat.

The firm's technology focus centers on blockchain and distributed ledger technology (DLT), Web3, NFTs, AI, gaming, and digital entertainment ecosystems. Core technology engagement is evidenced by the 2018 launch of Helix, the world's first accelerator dedicated to Hedera Hashgraph, co-developed with Hedera in Hong Kong. Portfolio company exposure spans blockchain infrastructure (Hedera Hashgraph, Hex Trust custody), gaming/metaverse (Sandbox, Animoca Brands), NFT analytics (CryptoSlam, Forkast Labs), Web3 music (Tune.fm), and consumer technology (ByteDance, Flipagram). The firm does not develop proprietary technology products; rather, it provides capital, operational expertise, and a global partner network to portfolio companies.

Mind Fund's business model is a hybrid venture studio and fund model, monetizing through equity participation in portfolio companies and carried interest from successful exits rather than product or service revenue. Disclosed investment activity includes a US$4.1 million participation in Animoca Brands' July 2020 funding round. The firm does not publicly disclose product pricing, fund size, AUM, or financial performance. Customer relationships are B2B in nature, serving early-stage technology startups and entrepreneurs seeking capital, mentorship, and global market expansion support, with portfolio companies concentrated heavily in the blockchain and gaming sectors.

Name

Mind Fund

Legal name

Mind Fund Group Limited

Website

https://mindfund.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Mind Fund is a Hong Kong-based startup studio and venture capital investor founded in 2017, operating through Growth, Incubation, Impact, and Studio pillars to deploy capital and provide global network access to early-stage blockchain, Web3, gaming, and digital entertainment startups.

Ownership category

akta.pro rank

Product category

Venture Capital and Startup Studio Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)

akta.pro secondary industries

Accelerators & Incubators (Investor-Operated) (FSANAAAM), Corporate Venture Studios & Incubators (Build/launch ventures) (FSANAHAC)

Keywords

• Venture capital services
• Startup incubation
• Blockchain investment
• Web3 funding
• Growth equity

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Marketing channels1 record

Core offering

Mind Fund is a Hong Kong-based venture capital firm and startup studio that deploys capital into and incubates early-stage technology companies, with a focus on blockchain, Web3, NFTs, AI, gaming, and digital entertainment. It operates through four service pillars: Growth (strategic/late-stage investments in companies such as Animoca Brands, Hedera, and Sandbox), Incubation (the Global Incubation Stream connecting partner organizations worldwide to help portfolio companies expand into new markets), Impact (social entrepreneurship investing), and Studio (internal venture development, including the Helix Hedera Hashgraph accelerator).

Product overview

Mind Fund is a global venture capital and startup studio operating as a unified platform with four interconnected service pillars: Growth (portfolio investments in blockchain/Web3 companies), Incubation (global startup incubation network with partners including Digital Garage), Impact (social impact investing), and Studio (internal venture development). The company also maintains a News platform covering portfolio company developments. Founded in partnership with Digital Garage since 2017, Mind Fund invests across sectors including blockchain, NFTs, gaming, DeFi, and AI.

Differentiator

Problem solved

Functional benefit

Products and services

• Growth Growth is Mind Fund's growth-stage investment pillar that deploys capital into established and late-stage technology companies in blockchain, Web3, gaming, and related sectors. It is targeted at founders and management teams of growth-stage companies seeking strategic capital and ecosystem partnership.
• Incubation (Global Incubation Stream) Incubation is Mind Fund's global startup incubation program, established in 2017 with Digital Garage, that connects portfolio companies with 13 international partner organizations to support rapid cross-border market expansion. It is targeted at early-stage technology companies that need international market access and ecosystem support to scale globally.
• Impact Impact is Mind Fund's impact investing pillar that supports social entrepreneurs and mission-driven founders to scale breakthrough projects and achieve global change. It is targeted at impact-driven founders and social entrepreneurs seeking investment and incubation support aligned with measurable social or environmental outcomes.
• Studio Studio is Mind Fund's internal venture development arm that develops proprietary venture ideas and partners with experienced entrepreneurs and organizations to co-build startup ventures and joint ventures. It is targeted at experienced operators and entrepreneurs seeking a co-founder partner with capital and operational support to build new technology companies.

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• Hedera HashgraphcoreStrategic or Co-development Partner · 26 September 2018Hedera Hashgraph and Mind Fund teamed up to launch a DLT-focused accelerator in Hong Kong, named Helix. This was the world's first accelerator dedicated to Hedera Hashgraph. The partnership later spawned the Helix Warp and NFT-based football game initiatives.
• ZerothcoreStrategic or Co-development Partner · 4 March 2017Zeroth, Asia's AI accelerator, partnered with Mind Fund's startup studio for Japan expansion. This partnership provided portfolio companies access to Zeroth's AI ecosystem and Japanese market expertise. Animoca Brands later acquired the company behind Zeroth in 2018.
• Digital Garage (Global Incubation Stream)coreStrategic or Co-development Partner · 1 January 2017Mind Fund and Digital Garage established the Global Incubation Stream in 2017, inviting partner incubation companies from around the world to join a collaborative network. The goal is to support portfolio companies in rapidly expanding into new markets and becoming global companies.
• 500 StartupsmajorStrategic or Co-development Partner500 Startups is listed as an international partner in the Global Incubation Stream network, providing portfolio companies with access to one of the largest startup accelerator networks globally.
• BeenextmajorStrategic or Co-development PartnerBeenext is an international venture capital firm and Global Incubation Stream partner providing portfolio companies with access to Asian startup networks and investment expertise.
• betaworksmajorStrategic or Co-development Partnerbetaworks is listed as an international partner in the Global Incubation Stream, offering portfolio companies access to New York-based startup ecosystem and technology expertise.
• Techstars-Blackstone Launchpad LiftmajorStrategic or Co-development PartnerPortfolio company Hashing Systems was accepted to the 2020 batch of Techstars-Blackstone Launchpad Lift Spring Program, demonstrating the network's value in securing top accelerator placements for portfolio companies.
• DG VenturesmajorStrategic or Co-development PartnerDG Ventures is the venture capital arm of Digital Garage and a core partner in the Global Incubation Stream, facilitating cross-border investment and startup support.
• Open Network LabmajorStrategic or Co-development PartnerOpen Network Lab (ONLab) is a Tokyo-based startup accelerator and Global Incubation Stream partner providing access to Japan's technology ecosystem.
• byfoundersminorStrategic or Co-development Partnerbyfounders is a European venture capital firm and Global Incubation Stream partner providing portfolio companies with access to European startup networks.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LongHash Ventures: Asia-based Web3-native venture capital firm operating both fund-of-funds and direct investment strategies. Closely comparable in Web3 thesis, Asia-Pacific base, and structured deployment across multiple blockchain ecosystems.
• Brinc: Hong Kong-headquartered global accelerator and venture studio investing across Web3, fintech, climate, and emerging tech. Most directly comparable peer: same HK base, similar accelerator + studio + investment model, and significant overlap in Web3 thesis.
• SOSV: Global venture capital firm operating multiple vertical-specific accelerator programs (HAX, IndieBio, Chinaccelerator, dlab). Comparable because it runs a multi-pillar accelerator-plus-investment model targeting frontier technologies with a global footprint.
• Science Inc. Operating venture studio that builds, funds, and scales consumer-facing technology companies. Comparable because it pairs internal venture building with external capital deployment, similar to Mind Fund's Studio + Growth pillars.
• Outlier Ventures: London-based Web3-focused venture builder and fund manager that combines tokenized fund structures with a startup studio model. Highly comparable to Mind Fund given the shared Web3 thesis and combined studio-plus-investment approach.

Broad incumbents

• Techstars: One of the world's largest global accelerator networks. Comparable as an accelerator operator with a global partner network; also listed as a Global Incubation Stream partner (via Techstars-Blackstone Launchpad Lift).
• Betaworks: NYC-based startup studio and seed investor that builds and invests in early-stage companies across frontier tech (AI, Web3, audio). Comparable in the studio-plus-seed model and is also an explicit Global Incubation Stream partner of Mind Fund.
• 500 Global (formerly 500 Startups): Global venture capital firm and accelerator operating programs worldwide. Comparable as an early-stage accelerator and emerging-markets investor; also a Global Incubation Stream partner of Mind Fund.

Others

• Digital Garage: Tokyo-listed internet company with venture investment operations. Included as a peer/ecosystem counterpart because it is the founding capital partner of Mind Fund and co-creator of the Global Incubation Stream, sitting adjacent to Mind Fund as a Japan-anchored VC with global Web3 reach.

Regional players

• HashKey Capital: Hong Kong-headquartered crypto-focused venture capital arm of HashKey Group. Comparable as a Hong Kong-domiciled crypto/Web3 investor with institutional infrastructure exposure, including custody and trading-adjacent portfolio companies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mind Fund