MindWorks Capital
MindWorks Capital is a venture capital firm founded in 2013, based in Hong Kong, with additional offices in Beijing and Jakarta. The firm focuses on early-stage and expansion-stage investments, primarily in the technology sector across Greater China and Southeast Asia. MindWorks Capital typically invests between $1 million and $2 million initially, with total funding anticipated to reach between $5 million and $10 million over the life of its portfolio companies. The firm targets innovative and disruptive companies in Greater China, often at the Series A stage, while in Southeast Asia, it prefers proven business models at the Series B stage. Key sectors of interest include logistics, fintech, and enterprise technology. MindWorks Capital emphasizes a theme-based investment approach, regularly updating its strategy. The team of 12 investment professionals is dedicated to adding value to portfolio companies by assisting with scaling, forming partnerships, and securing follow-on funding from strategic investors.
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Past deals in Hong Kong
Jumppoint
Series A in 2024
Founded in Hong Kong in 2020, Jumppoint is a comprehensive logistics solution provider for Asia-based e-commerce merchants. Its platform optimizes delivery capabilities through technology, offering services such as same-day and next-day deliveries, cold chain management, international express services, domestic distribution, fulfillment centers, and freight forwarding operations.
Jumppoint
Series A in 2023
Founded in Hong Kong in 2020, Jumppoint is a comprehensive logistics solution provider for Asia-based e-commerce merchants. Its platform optimizes delivery capabilities through technology, offering services such as same-day and next-day deliveries, cold chain management, international express services, domestic distribution, fulfillment centers, and freight forwarding operations.
Qupital
Series B in 2021
Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.
Qupital
Series A in 2020
Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.
DASH Serviced Suites
Seed Round in 2019
Dash Serviced Suites operates fully furnished and equipped serviced apartments in Hong Kong's bustling districts, including Causeway Bay, Tsim Sha Tsui, Wan Chai, and Jordan. They offer two suite types: Dash Standard and Dash Queen, each equipped with amenities such as housekeeping, linen replacement, shared office space, fully equipped kitchens, essential toiletries, 24-hour customer service, and security. The apartments are situated in heritage buildings with easy access to transportation, shopping, food, and entertainment attractions. Leases are hassle-free and inclusive of services like weekly housekeeping, gym pass, and one free month of shared office space. The minimum stay is 28 days, making it an ideal choice for both business and leisure travelers seeking a comfortable living experience in Hong Kong.
Qupital
Series A in 2019
Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.
Huolala
Series D in 2019
Huolala offers logistics services, moving, less-than-truckload, car rental and sales, and after-car services.
Founded in 2013 and grown in the Guangdong-Hong Kong-Macao Greater Bay Area.
Lalamove
Series D in 2019
Lalamove, originally launched as EasyVan in December 2013 in Hong Kong, is an on-demand logistics platform that connects customers with driver-partners for rapid delivery services. Operating in 21 markets across Asia and Latin America, the company serves over 7 million customers and boasts a network of more than 700,000 drivers. Lalamove has transformed traditional van hiring by enabling instant matches between customers and drivers, often within 12 seconds. The platform facilitates same-day deliveries, typically completing local deliveries within 55 minutes. Additionally, Lalamove provides features such as real-time vehicle tracking and driver ratings, allowing businesses to efficiently scale their delivery operations while optimizing drivers’ routes and earnings.
Olasso
Seed Round in 2018
Olasso is a Hong Kong-based SaaS platform focused on return management, offering advanced post-purchase services powered by artificial intelligence. Established in 2018, the company aims to enhance the e-commerce experience by integrating its platform with Pick Up and Drop Off (PUDO) networks and ride-sharing technology, as well as collaborating with traditional carriers. By developing innovative and cost-efficient delivery and return solutions, Olasso is redefining how consumers engage with e-commerce after completing their purchases.
Sandbox VR
Seed Round in 2017
Sandbox VR is a virtual reality company that provides fully immersive, location-based VR experiences powered by real-time full-body motion capture and advanced VR technology. The platform supports social, multiplayer gameplay, enabling teams to collaborate in shared narrative-driven adventures within a physical venue. Founded in 2016 and based in Los Angeles, California, Sandbox VR operates at locations including the Bay Area and Hong Kong. The company emphasizes premium, immersive experiences that merge real-world movement with virtual environments, aiming to deliver experiences akin to a holodeck where players explore storytelling-driven scenarios together.
Lalamove
Series C in 2017
Lalamove, originally launched as EasyVan in December 2013 in Hong Kong, is an on-demand logistics platform that connects customers with driver-partners for rapid delivery services. Operating in 21 markets across Asia and Latin America, the company serves over 7 million customers and boasts a network of more than 700,000 drivers. Lalamove has transformed traditional van hiring by enabling instant matches between customers and drivers, often within 12 seconds. The platform facilitates same-day deliveries, typically completing local deliveries within 55 minutes. Additionally, Lalamove provides features such as real-time vehicle tracking and driver ratings, allowing businesses to efficiently scale their delivery operations while optimizing drivers’ routes and earnings.
Qupital
Seed Round in 2017
Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.
Lalamove
Series B in 2017
Lalamove, originally launched as EasyVan in December 2013 in Hong Kong, is an on-demand logistics platform that connects customers with driver-partners for rapid delivery services. Operating in 21 markets across Asia and Latin America, the company serves over 7 million customers and boasts a network of more than 700,000 drivers. Lalamove has transformed traditional van hiring by enabling instant matches between customers and drivers, often within 12 seconds. The platform facilitates same-day deliveries, typically completing local deliveries within 55 minutes. Additionally, Lalamove provides features such as real-time vehicle tracking and driver ratings, allowing businesses to efficiently scale their delivery operations while optimizing drivers’ routes and earnings.
Sandbox VR
Seed Round in 2016
Sandbox VR is a virtual reality company that provides fully immersive, location-based VR experiences powered by real-time full-body motion capture and advanced VR technology. The platform supports social, multiplayer gameplay, enabling teams to collaborate in shared narrative-driven adventures within a physical venue. Founded in 2016 and based in Los Angeles, California, Sandbox VR operates at locations including the Bay Area and Hong Kong. The company emphasizes premium, immersive experiences that merge real-world movement with virtual environments, aiming to deliver experiences akin to a holodeck where players explore storytelling-driven scenarios together.
Grana
Series A in 2016
Grana Group Limited is an online fashion retailer founded in 2014 and based in Wong Chuk Hang, Hong Kong. The company specializes in direct-to-consumer sales of wardrobe essentials for both men and women, offering a diverse range of clothing items such as T-shirts, shirts, sweaters, jeans, chinos, and dresses. Grana distinguishes itself by using high-quality fabrics sourced directly from garment factories, allowing it to provide stylish and well-made products at reasonable prices. The company ships to over 65 countries worldwide, ensuring a swift delivery of 1-2 days. Additionally, Grana operates an offline showroom called "The Fitting Room" in Hong Kong, where customers can try on clothing before making an online purchase.
Lalamove
Series A in 2016
Lalamove, originally launched as EasyVan in December 2013 in Hong Kong, is an on-demand logistics platform that connects customers with driver-partners for rapid delivery services. Operating in 21 markets across Asia and Latin America, the company serves over 7 million customers and boasts a network of more than 700,000 drivers. Lalamove has transformed traditional van hiring by enabling instant matches between customers and drivers, often within 12 seconds. The platform facilitates same-day deliveries, typically completing local deliveries within 55 minutes. Additionally, Lalamove provides features such as real-time vehicle tracking and driver ratings, allowing businesses to efficiently scale their delivery operations while optimizing drivers’ routes and earnings.
Grana
Seed Round in 2016
Grana Group Limited is an online fashion retailer founded in 2014 and based in Wong Chuk Hang, Hong Kong. The company specializes in direct-to-consumer sales of wardrobe essentials for both men and women, offering a diverse range of clothing items such as T-shirts, shirts, sweaters, jeans, chinos, and dresses. Grana distinguishes itself by using high-quality fabrics sourced directly from garment factories, allowing it to provide stylish and well-made products at reasonable prices. The company ships to over 65 countries worldwide, ensuring a swift delivery of 1-2 days. Additionally, Grana operates an offline showroom called "The Fitting Room" in Hong Kong, where customers can try on clothing before making an online purchase.
Lalamove
Series A in 2015
Lalamove, originally launched as EasyVan in December 2013 in Hong Kong, is an on-demand logistics platform that connects customers with driver-partners for rapid delivery services. Operating in 21 markets across Asia and Latin America, the company serves over 7 million customers and boasts a network of more than 700,000 drivers. Lalamove has transformed traditional van hiring by enabling instant matches between customers and drivers, often within 12 seconds. The platform facilitates same-day deliveries, typically completing local deliveries within 55 minutes. Additionally, Lalamove provides features such as real-time vehicle tracking and driver ratings, allowing businesses to efficiently scale their delivery operations while optimizing drivers’ routes and earnings.
Huolala
Venture Round in 2015
Huolala offers logistics services, moving, less-than-truckload, car rental and sales, and after-car services.
Founded in 2013 and grown in the Guangdong-Hong Kong-Macao Greater Bay Area.
Lalamove
Series A in 2015
Lalamove, originally launched as EasyVan in December 2013 in Hong Kong, is an on-demand logistics platform that connects customers with driver-partners for rapid delivery services. Operating in 21 markets across Asia and Latin America, the company serves over 7 million customers and boasts a network of more than 700,000 drivers. Lalamove has transformed traditional van hiring by enabling instant matches between customers and drivers, often within 12 seconds. The platform facilitates same-day deliveries, typically completing local deliveries within 55 minutes. Additionally, Lalamove provides features such as real-time vehicle tracking and driver ratings, allowing businesses to efficiently scale their delivery operations while optimizing drivers’ routes and earnings.
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