MindWorks Capital

MindWorks Ventures is a venture capital firm that focuses in early and expansion-stage technology startups across Asia. It comprises of disruptive consumer and enterprise technology, Asia-based early and expansion staged companies, and innovative infrastructure. It looks for companies that have the potential to build new ecosystems or reinvent industries. It invests in those industries before they become apparent. Portfolio companies include Lalamove, Qupital, Wonder Workshop, and ABC Fintech.

Joe Chan

Partner

David Chang

Managing Partner

Wayne Chu

Investment Partner

Stefanie Fan

Investment Partner

ML

Margaret Lai

Director

Huan Liu

Investment Partner

BW

Barry Wang

Associate

Shawn Wang

Director

Cassidy Wong

Director

Jeffrey Wu

Director

Sid Xu

Director

54 past transactions

Qupital

Seed Round in 2017
Qupital Limited operates an online invoice trading platform that allows companies to raise finance against their receivables by connecting them with investors interested in a new asset class. Its platform allows Hong Kong registered company businesses to upload invoices to raise funding against their unpaid invoices. The company’s platform also allows funders, including institutional investors, family offices, and sophisticated professional investors worldwide to view individual invoices and provide a discount rate for the invoice to advance cash to the business. Qupital has a strategic partnership with LianLian Global. Qupital Limited was incorporated in 2016 and is based in Causeway Bay, Hong Kong.

Qupital

Series A in 2019
Qupital Limited operates an online invoice trading platform that allows companies to raise finance against their receivables by connecting them with investors interested in a new asset class. Its platform allows Hong Kong registered company businesses to upload invoices to raise funding against their unpaid invoices. The company’s platform also allows funders, including institutional investors, family offices, and sophisticated professional investors worldwide to view individual invoices and provide a discount rate for the invoice to advance cash to the business. Qupital has a strategic partnership with LianLian Global. Qupital Limited was incorporated in 2016 and is based in Causeway Bay, Hong Kong.

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Seed Round in 2018
Olasso is a SaaS return management platform that delivers premium post-purchase services through AI. Its platform integrates with Pick Up and Drop Off (“PUDO”) networks, ride-sharing technology companies as well as traditional carriers, redefining post-purchase experiences in e-commerce. The company was founded in 2018 and is headquartered in Hong Kong.

Raspect

Series A in 2020
RaSpect Intelligence Inspection Limited operates as an artificial intelligence (AI) powered building architecture inspection company. It assesses potential risks of architectures and calculates degree of damage through satellite data for macroscopic inspection, micro-detection by using built-in Internet of things (IoT) sensors, and automatic inspection through drones. RaSpect Intelligence Inspection Limited was founded in 2017 and is based in Mong Kok, Hong Kong.

Kepler Network

Seed Round in 2017
Hong Kong’s crypto exchange.

Lightelligence, Inc.

Convertible Note in 2017
Lightelligence builds optical chips that offer orders of magnitude improvement in terms of high speed, low latency, and low power consumption compared to traditional electronic architectures.

Glints Intern Pte Ltd

Series B in 2019
Glints Intern Pte Ltd operates an online platform to provide internship and graduate job opportunities in Singapore. Its platform enables companies to create a job posting, review application, and schedule interviews to hire candidates. Its platform lists jobs in administrative, consulting, business development, data science, design, education, finance, human resource, hospitality, engineering, legal, and various other sectors. The company was incorporated in 2013 and is based in Singapore.

Lalamove

Series B in 2017
Originally known as EasyVan, Lalamove was launched to satisfy a specific logistical need - van hire. Started in Hong Kong in December 2013, Lalamove operates in 21 markets across Asia and Latin America connecting over 7 million customers with a pool of over 700,000 driver-partners. The Lalamove way has revolutionized old van hiring call centers to being so streamlined, customers and drivers match with each other within 12 seconds. Local deliveries are fulfilled at a breakneck 55 minutes, door-to-door. Providing reliable and quick deliveries for customers, Lalamove also optimises drivers fleet and route to maximise their earning potential.
KKday is an e-commerce travel platform that offers 10,000+ experiences around the world. It provides a wide breadth of experiences, including theme park tickets, cooking classes, multi-day tours, airport transfers, sim cards, and hidden sights off the beaten path. KKday was incorporated in 2014 and is headquartered in T'ai-pei, Taiwan.

Wonder Workshop

Series C in 2017
Wonder Workshop is teaching children to code by integrating cutting-edge hardware and software experiences. Their first products are beautifully-designed robots, Dash & Dot, that children can program using mobile devices. They are a multidisciplinary team of software and hardware designers, engineers, educators, and business leaders focused on developing mobile applications for Dash & Dot Our founders come from Google, Apple, Amazon, and Frog Design and blend their backgrounds to create cohesive multi-platform experiences. Educating children takes a village, so they have opened their API to the world so anyone can create an app to use with their robots.

Grana Group Limited

Seed Round in 2016
GRANA is a direct-to-consumer online fashion brand designing wardrobe essentials in-house, using the finest fabrics from around the world, available at honest prices. Strategically headquartered in Hong Kong, GRANA was founded by Luke Grana and Pieter Paul Wittgen in October 2014. GRANA ships globally to over 65 countries within 1-2 days. Countries include Australia, United States, Singapore, Hong Kong, Belgium, France, Germany, Italy, Netherlands, New Zealand, Spain and United Kingdom.

Sandbox VR

Seed Round in 2017
Sandbox VR is a virtual reality startup that offers a premium, fully-immersive virtual reality experience. The company combines motion capture in real time with virtual reality technology to create a new medium that is the closest thing to the Star Trek holodeck that exists. The company was founded in 2016 and is based in San Mateo, California.
Tuling Financial Holdings Co., Ltd. develops and operates a platform that provides analytics of various financial products. Its platform facilitates users to research and subscribe to qualified funds and financial products available on the platform. The company was founded in 2015 and is based in Shenzhen, China.

Qupital

Series A in 2020
Qupital Limited operates an online invoice trading platform that allows companies to raise finance against their receivables by connecting them with investors interested in a new asset class. Its platform allows Hong Kong registered company businesses to upload invoices to raise funding against their unpaid invoices. The company’s platform also allows funders, including institutional investors, family offices, and sophisticated professional investors worldwide to view individual invoices and provide a discount rate for the invoice to advance cash to the business. Qupital has a strategic partnership with LianLian Global. Qupital Limited was incorporated in 2016 and is based in Causeway Bay, Hong Kong.

Lalamove

Series A in 2015
Originally known as EasyVan, Lalamove was launched to satisfy a specific logistical need - van hire. Started in Hong Kong in December 2013, Lalamove operates in 21 markets across Asia and Latin America connecting over 7 million customers with a pool of over 700,000 driver-partners. The Lalamove way has revolutionized old van hiring call centers to being so streamlined, customers and drivers match with each other within 12 seconds. Local deliveries are fulfilled at a breakneck 55 minutes, door-to-door. Providing reliable and quick deliveries for customers, Lalamove also optimises drivers fleet and route to maximise their earning potential.

Chain of Demand Ltd

Seed Round in 2018
Chain of Demand uses AI and big data to track and predict sales demand for fashion brands. Their intuitive and beautiful dashboard highlights winning products and drives purchase optimization to reduce inventory risk, positively impacts markdowns and increases overall cash flow.

Lalamove

Series A in 2015
Originally known as EasyVan, Lalamove was launched to satisfy a specific logistical need - van hire. Started in Hong Kong in December 2013, Lalamove operates in 21 markets across Asia and Latin America connecting over 7 million customers with a pool of over 700,000 driver-partners. The Lalamove way has revolutionized old van hiring call centers to being so streamlined, customers and drivers match with each other within 12 seconds. Local deliveries are fulfilled at a breakneck 55 minutes, door-to-door. Providing reliable and quick deliveries for customers, Lalamove also optimises drivers fleet and route to maximise their earning potential.

DASH Serviced Suites

Seed Round in 2019
At Dash Serviced Suites, their short term apartments offer an experience like no other. Staying with us, you will find yourself in Hong Kong’s most iconic districts of Causeway Bay, Tsim Sha Tsui, Wan Chai, and Jordan— the perfect choice for those visiting for business or for pleasure. Each of their serviced apartments are fully equipped with large screen smart TVs, high speed Wi-Fi and kitchen and washrooms with all the amenities that you need to live comfortably. Leases at Dash Serviced Suites are hassle-free, and are fully inclusive of a range of services such as weekly housekeeping, linen replacement, gym pass and 1 free month of shared office space at Compass Offices. Make Dash your choice for the ultimate living experience in Hong Kong.
Dianrong is an online marketplace lending company that uses technology to transform the way China is financed to help enrich people’s lives. Dianrong offers individuals and small and medium-sized enterprises a comprehensive, one-stop financial platform supported by industry-leading technology, compliance and transparency. The company’s sophisticated and flexible infrastructure enables it to design and customize lending and borrowing products and services, based on industry-specific data and insights, all supported by online risk-management and operation tools.

Ksher

Series A in 2020
Ksher provides you a user-friendly portal to expand your business and attract your target consumers.

Glints Intern Pte Ltd

Series C in 2021
Glints Intern Pte Ltd operates an online platform to provide internship and graduate job opportunities in Singapore. Its platform enables companies to create a job posting, review application, and schedule interviews to hire candidates. Its platform lists jobs in administrative, consulting, business development, data science, design, education, finance, human resource, hospitality, engineering, legal, and various other sectors. The company was incorporated in 2013 and is based in Singapore.

PANEX

Series A in 2020
Panex provides courier services. The company provides customs clearance, distribution, and warehousing value-added services. It also provides international shipping, air transportation, and warehousing services. The company was incorporated in 2015 and is based in Hangzhou, China. It has an additional operations center in Nanjing, China.

Dash Living

Seed Round in 2019
Dash Living is the new generation of rental solutions in Asia for urban professionals. Through our coliving, serviced apartment, hotel & home-sharing products, our mission is to create a global accommodation community through sharing economies and tech, empowering today's hyper-mobile, tech-savvy millennials to live in the most expensive cities in the world. Dash offers panoramic, all-inclusive rental options across over 1,000 units that we manage. Our products enable you to thrive in busy cities like Hong Kong & Singapore - from daily stays with Dash Hotels, local experiences in shared homes with Dashare, or short to long term stays in serviced apartments with Dash Suites or the community living with Dash Coliving.

ICW

Series A in 2019
ICW is the world’s first platform for product testing, inspection and certification. It is the global marketplace for supply chain compliance connecting global retailers, manufacturers, material suppliers and trading companies with testing service providers. At ICW, they believe in a better way of ensuring supply chain and product compliance. Their platform consolidates Testing, Inspection & Certification resources and connects with the most competitive international organisations. They supply you with a dedicated quality assurance / quality control department by leveraging big data analytics, artificial intelligence and our team of experts.

Air Bay Creative

Angel Round in 2015
Air Bay Creative is a Shenzhen based technology company which focuses on cross-platform Social Card/Poker/Casual games. Listed on NTB

NewBanker

Series B in 2021
The core founding team of Beijing Niubitou Science and Technology Consulting is composed of senior managers of well-known Chinese wealth management companies and provides information, research, technology, capital and resources for wealth management companies and financial advisers Comprehensive support services.

ICW

Series A in 2018
ICW is the world’s first platform for product testing, inspection and certification. It is the global marketplace for supply chain compliance connecting global retailers, manufacturers, material suppliers and trading companies with testing service providers. At ICW, they believe in a better way of ensuring supply chain and product compliance. Their platform consolidates Testing, Inspection & Certification resources and connects with the most competitive international organisations. They supply you with a dedicated quality assurance / quality control department by leveraging big data analytics, artificial intelligence and our team of experts.

Powerfultone

Series A in 2019
Welfare is a third-party medical health management and insurance technology service company based on advanced IT technology in the United States. It provides highly intelligent operation systems and overall solutions for insurance, finance, medical, online and offline sales channels, and has also established A dental medical service network throughout the country. Based on strong database development, integration and data analysis capabilities, the team independently develops and implements HMO medical solutions in line with China's national conditions, AI health insurance claims system, and medical insurance direct payment system. The software copyright of "All Tooth Health" with independent intellectual property rights, and since September 2015, the commercial operation of the "Total Health" system has been realized.

Qupital

Series B in 2021
Qupital Limited operates an online invoice trading platform that allows companies to raise finance against their receivables by connecting them with investors interested in a new asset class. Its platform allows Hong Kong registered company businesses to upload invoices to raise funding against their unpaid invoices. The company’s platform also allows funders, including institutional investors, family offices, and sophisticated professional investors worldwide to view individual invoices and provide a discount rate for the invoice to advance cash to the business. Qupital has a strategic partnership with LianLian Global. Qupital Limited was incorporated in 2016 and is based in Causeway Bay, Hong Kong.

Zipmex

Series B in 2021
We are in the business of supporting the nascent growth of the global cryptocurrency industry. Together with a suite of advanced trading features and charting tools, our platform provides users with access to a liquid market for a wide selection of cryptocurrencies. Our strategy focuses on providing 24/7 support, tools, and innovation for all users globally. Underpinning this strategy is our emphasis on robust security throughout the platform, ensuring an exceptional trading experience through and through. To fulfil our mission to our users, we have assembled a team of talented professionals and advisors with multi-disciplinary expertise.
KKday is an e-commerce travel platform that offers 10,000+ experiences around the world. It provides a wide breadth of experiences, including theme park tickets, cooking classes, multi-day tours, airport transfers, sim cards, and hidden sights off the beaten path. KKday was incorporated in 2014 and is headquartered in T'ai-pei, Taiwan.

ICW

Series A in 2021
ICW is the world’s first platform for product testing, inspection and certification. It is the global marketplace for supply chain compliance connecting global retailers, manufacturers, material suppliers and trading companies with testing service providers. At ICW, they believe in a better way of ensuring supply chain and product compliance. Their platform consolidates Testing, Inspection & Certification resources and connects with the most competitive international organisations. They supply you with a dedicated quality assurance / quality control department by leveraging big data analytics, artificial intelligence and our team of experts.

ABC Fintech

Series B in 2018
ABC Fintech provides AI-driven cloud services for financial professionals. Its products, Modeling.ai and Eversight.ai, can improve the efficiency of how equity research and investment decisions are made in financial institutions, as well as to predict future trend. The company was founded in 2016 by Yongzhi Yang, who is also the founder and CEO of MoboTap Inc, the company behind Dolphin Browser. So far, ABC Fintech has raised a total of $60 million USD from Qiming Venture Partners, Source Code Capital, SIG Asia Investment, Welight Capital, and MindWorks Ventures.

Inteluck Corporation

Series B in 2020
Inteluck provides data-driven logistics platform services to enterprises across the Southeast Asia. Inteluck provides trucking, distribution, freight forwarding, contract logistics and customized supply chain services to shippers. We help shippers utilize resources, minimum logistics cost, improve logistics efficiency and reduce waste. Inteluck also helps truckers get additional deliveries, maximize revenue, schedule backloads, obtain fast payment and instant financial services. Headquarters is based in Singapore and operates in other Southeast Asian countries such as Philippines, Thailand, Indonesia and Vietnam.
KKday is an e-commerce travel platform that offers 10,000+ experiences around the world. It provides a wide breadth of experiences, including theme park tickets, cooking classes, multi-day tours, airport transfers, sim cards, and hidden sights off the beaten path. KKday was incorporated in 2014 and is headquartered in T'ai-pei, Taiwan.

ICW

Series A in 2021
ICW is the world’s first platform for product testing, inspection and certification. It is the global marketplace for supply chain compliance connecting global retailers, manufacturers, material suppliers and trading companies with testing service providers. At ICW, they believe in a better way of ensuring supply chain and product compliance. Their platform consolidates Testing, Inspection & Certification resources and connects with the most competitive international organisations. They supply you with a dedicated quality assurance / quality control department by leveraging big data analytics, artificial intelligence and our team of experts.

Dash Living

Series A in 2021
Dash Living is the new generation of rental solutions in Asia for urban professionals. Through our coliving, serviced apartment, hotel & home-sharing products, our mission is to create a global accommodation community through sharing economies and tech, empowering today's hyper-mobile, tech-savvy millennials to live in the most expensive cities in the world. Dash offers panoramic, all-inclusive rental options across over 1,000 units that we manage. Our products enable you to thrive in busy cities like Hong Kong & Singapore - from daily stays with Dash Hotels, local experiences in shared homes with Dashare, or short to long term stays in serviced apartments with Dash Suites or the community living with Dash Coliving.

Spottly

Seed Round in 2014
Spottly is the world's first picture-based travel guide. Plan your next trip using Spottly's visual travel search and discover amazing places to go through just browsing pictures and videos. Spottly does all the hard work of cross referencing travel places on Instagram, Tripadvisor, Yelp, Foursquare and many more so that you don't have to.

Yibai Technology

Series A in 2020
Yibai Technology is a specialist in healthcare-based software-as-a-service.

LeadIQ

Seed Round in 2015
LeadIQ is transforming the sales prospecting landscape, by providing the fastest way to capture leads, discover emails and contact info, and enrich data with company information and social profiles. LeadIQ integrates with a large number of data source and finds the most comprehensive data to enrich profiles so sales teams can prequalify leads and focus on leads that really matter. Less time spent on unqualified leads means more time for closing deals and increasing the bottom line.

MoboTap

Series B in 2012
MoboTap is a mobile technology developer. The company is focused on developing mobile applications and services (mobile cloud computing) based on independent innovative research. MoboTap received ten million of funding in dollars from Sequoia Capital and Matrix Partners. The company was co-funded by many senior and experienced international teams.

Grana Group Limited

Series A in 2016
GRANA is a direct-to-consumer online fashion brand designing wardrobe essentials in-house, using the finest fabrics from around the world, available at honest prices. Strategically headquartered in Hong Kong, GRANA was founded by Luke Grana and Pieter Paul Wittgen in October 2014. GRANA ships globally to over 65 countries within 1-2 days. Countries include Australia, United States, Singapore, Hong Kong, Belgium, France, Germany, Italy, Netherlands, New Zealand, Spain and United Kingdom.
Help young adults overcome the worries, one letter at a time.

BlockApps, Inc.

Seed Round in 2016
BlockApps, Inc. develops and delivers a blockchain platform for building and deploying Ethereum blockchain applications. It offers BlockApps STRATO, an Ethereum compliant platform for development, deployment, and management of enterprise blockchain applications. The company also provides STRATO consortium blockchain network, an enterprise grade blockchain solution that enables the construction of hybrid private, consortium, and public blockchains. It serves software startups, IT and professional services’ firms, industry owned businesses, and Fortune 500 corporates. The company has a strategic partnership with Optimum. BlockApps, Inc. was founded in 2015 and is headquartered in Brooklyn, New York.

Sandbox VR

Seed Round in 2016
Sandbox VR is a virtual reality startup that offers a premium, fully-immersive virtual reality experience. The company combines motion capture in real time with virtual reality technology to create a new medium that is the closest thing to the Star Trek holodeck that exists. The company was founded in 2016 and is based in San Mateo, California.

Lalamove

Series C in 2017
Originally known as EasyVan, Lalamove was launched to satisfy a specific logistical need - van hire. Started in Hong Kong in December 2013, Lalamove operates in 21 markets across Asia and Latin America connecting over 7 million customers with a pool of over 700,000 driver-partners. The Lalamove way has revolutionized old van hiring call centers to being so streamlined, customers and drivers match with each other within 12 seconds. Local deliveries are fulfilled at a breakneck 55 minutes, door-to-door. Providing reliable and quick deliveries for customers, Lalamove also optimises drivers fleet and route to maximise their earning potential.

XTransfer Limited

Series C in 2020
Xtransfer is a Fintech company that provides cross-border financial services for China-based SMEs. XTransfer leverages its strength in information technology and partners with global banks, to help SME exporter and importer simplify trade transactions and lower costs. Xtransfer was founded in 2017 and is headquartered in Shanghai, with offices in Hong Kong, the United Kingdom, the United States, Canada, and Japan.

Lalamove

Series D in 2019
Originally known as EasyVan, Lalamove was launched to satisfy a specific logistical need - van hire. Started in Hong Kong in December 2013, Lalamove operates in 21 markets across Asia and Latin America connecting over 7 million customers with a pool of over 700,000 driver-partners. The Lalamove way has revolutionized old van hiring call centers to being so streamlined, customers and drivers match with each other within 12 seconds. Local deliveries are fulfilled at a breakneck 55 minutes, door-to-door. Providing reliable and quick deliveries for customers, Lalamove also optimises drivers fleet and route to maximise their earning potential.

Lalamove

Series A in 2016
Originally known as EasyVan, Lalamove was launched to satisfy a specific logistical need - van hire. Started in Hong Kong in December 2013, Lalamove operates in 21 markets across Asia and Latin America connecting over 7 million customers with a pool of over 700,000 driver-partners. The Lalamove way has revolutionized old van hiring call centers to being so streamlined, customers and drivers match with each other within 12 seconds. Local deliveries are fulfilled at a breakneck 55 minutes, door-to-door. Providing reliable and quick deliveries for customers, Lalamove also optimises drivers fleet and route to maximise their earning potential.

99.co

Series B in 2019
99 Pte Ltd operates www.99.co, a website to browse, post, import, and manage properties. Its website allows users to buy, rent, and sale houses, condominiums, apartments, and HDBs in Singapore. The company also offers its services through mobile applications. 99 Pte Ltd was founded in 2013 and is based in Singapore.