MindWorks Capital

MindWorks Capital (formerly MindWorks Ventures) is a Pan-Asia venture capital firm founded in 2013 and headquartered in Central, Hong Kong, with additional offices in Beijing, Shanghai, and Jakarta. With total assets under management above USD 1.4 billion following the October 2024 close of its fourth flagship fund at over USD 220 million, the firm is one of the most established early-stage investors focused on Greater China and Southeast Asia. Fund IV drew capital from sovereign wealth funds, a university endowment, asset managers, family offices, and leading new-economy entrepreneurs, with Eaton Partners acting as exclusive placement agent. The firm has made 49 investments across its fund history and leads rounds across fintech, logistics, SaaS, e-commerce, and marketplace sectors. Founding Partner David Chang and Managing Partner Joe Chan lead a team of approximately 24 professionals, including 11 partners. MindWorks typically backs founders from pre-Series A through Series B, deploying checks of $1 million to $10 million. Portfolio companies include Lalamove (logistics), XTransfer (cross-border fintech), Glints (HR and recruitment), KKday (travel), 99.co (proptech), Dash Living (proptech), and Lightelligence. The firm has recorded two exits, with its most recent being Dash Living in April 2025. MindWorks is also a co-investment partner of Hong Kong's Innovation and Technology Venture Fund, reinforcing its role as a bridge between institutional capital and the region's most ambitious technology founders. The firm's cross-border network across Greater China and Southeast Asia gives portfolio companies access to commercial partnerships, follow-on capital, and expansion markets that few regional funds can replicate.