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.

Joe Chan

Co-Founder and Partner

Stefanie Fan

Partner

Past deals in Hong Kong

Qupital

Series B in 2021
Qupital Limited is a fintech company based in Hong Kong that operates an online invoice trading platform, enabling businesses to raise finance against their receivables. Founded in 2016, Qupital connects Hong Kong registered companies with professional investors, including institutional investors and family offices, who are interested in purchasing invoices at a discount. This process not only provides businesses with immediate liquidity but also offers investors access to a new asset class of accounts receivables. The platform aims to enhance the efficiency of financing by digitalizing the process and has established a strategic partnership with LianLian Global to further its services.

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.

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.

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.

Qupital

Series A in 2020
Qupital Limited is a fintech company based in Hong Kong that operates an online invoice trading platform, enabling businesses to raise finance against their receivables. Founded in 2016, Qupital connects Hong Kong registered companies with professional investors, including institutional investors and family offices, who are interested in purchasing invoices at a discount. This process not only provides businesses with immediate liquidity but also offers investors access to a new asset class of accounts receivables. The platform aims to enhance the efficiency of financing by digitalizing the process and has established a strategic partnership with LianLian Global to further its services.

XTransfer

Series C in 2020
XTransfer Limited is a fintech company that operates a foreign trade-payment collection platform, primarily serving small and medium-sized exporters and importers based in China. Founded in 2017 and headquartered in Shanghai, with additional offices in Hong Kong, the United Kingdom, the United States, Canada, and Japan, XTransfer focuses on simplifying cross-border financial transactions for its clients. The company's services include overseas account opening, foreign exchange price locking, and settlement, along with a unified global multi-currency settlement network. By leveraging advanced information technology and partnerships with global banks, XTransfer aims to reduce transaction costs and enhance financial risk management through an automated, data-driven infrastructure.

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.

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.

DASH Serviced Suites

Seed Round in 2019
DASH Serviced Suites operates fully furnished serviced apartments in prominent districts of Hong Kong, including Causeway Bay, Tsim Sha Tsui, Wan Chai, and Jordan. Catering to both business and leisure travelers, the suites are designed for comfort and convenience, featuring essential amenities such as large screen smart TVs, high-speed Wi-Fi, and fully equipped kitchens and washrooms. Guests benefit from a range of services including weekly housekeeping, linen replacement, and access to shared office space. The minimum stay requirement is 28 days, allowing for a hassle-free leasing experience. Located in heritage buildings, DASH Serviced Suites provides easy access to public transportation, shopping, dining, and entertainment, making it an ideal choice for those seeking an extended stay in the city.

Stayplease

Series A in 2019
Operator of a hospitality guest servicing platform intended to deliver hotel services seamlessly. The company's integrated platform allows carrying on hotel operations such as housekeeping workflows, defects reporting, preventative maintenance and much more in an effective way, allowing hotel owners for better operations and customers to request service the way they want.

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.

Qupital

Series A in 2019
Qupital Limited is a fintech company based in Hong Kong that operates an online invoice trading platform, enabling businesses to raise finance against their receivables. Founded in 2016, Qupital connects Hong Kong registered companies with professional investors, including institutional investors and family offices, who are interested in purchasing invoices at a discount. This process not only provides businesses with immediate liquidity but also offers investors access to a new asset class of accounts receivables. The platform aims to enhance the efficiency of financing by digitalizing the process and has established a strategic partnership with LianLian Global to further its services.

Lalamove

Series D in 2019
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

Chain of Demand

Seed Round in 2018
Chain of Demand specializes in predictive analysis software that leverages artificial intelligence and big data to forecast sales demand for fashion brands. By providing an intuitive dashboard, the company helps eCommerce businesses identify successful products, optimize purchases, and manage inventory risk effectively. This approach not only enhances supply chain management but also aids in decision-making, ultimately leading to improved profit margins and cash flow.

Olasso

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.

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.

Lalamove

Series C in 2017
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

Qupital

Seed Round in 2017
Qupital Limited is a fintech company based in Hong Kong that operates an online invoice trading platform, enabling businesses to raise finance against their receivables. Founded in 2016, Qupital connects Hong Kong registered companies with professional investors, including institutional investors and family offices, who are interested in purchasing invoices at a discount. This process not only provides businesses with immediate liquidity but also offers investors access to a new asset class of accounts receivables. The platform aims to enhance the efficiency of financing by digitalizing the process and has established a strategic partnership with LianLian Global to further its services.

Kepler Network

Seed Round in 2017
Hong Kong’s crypto exchange.

Lalamove

Series B in 2017
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

Grana

Series A in 2016
Grana Group Limited is an ecommerce fashion startup based in Hong Kong, specializing in direct-to-consumer clothing for both men and women. Founded in 2014, the company offers a diverse range of wardrobe essentials, including T-shirts, sweaters, dresses, and various styles of jeans and chinos, all designed in-house using high-quality fabrics sourced globally. Grana aims to provide its products at honest prices by directly sourcing from garment factories, thereby minimizing unnecessary markups typically found in traditional retail. The brand ships to over 65 countries within 1-2 days and also features an offline showroom called "The Fitting Room" in Hong Kong, allowing customers to try on items before making online purchases.

Lalamove

Series A in 2016
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

Grana

Seed Round in 2016
Grana Group Limited is an ecommerce fashion startup based in Hong Kong, specializing in direct-to-consumer clothing for both men and women. Founded in 2014, the company offers a diverse range of wardrobe essentials, including T-shirts, sweaters, dresses, and various styles of jeans and chinos, all designed in-house using high-quality fabrics sourced globally. Grana aims to provide its products at honest prices by directly sourcing from garment factories, thereby minimizing unnecessary markups typically found in traditional retail. The brand ships to over 65 countries within 1-2 days and also features an offline showroom called "The Fitting Room" in Hong Kong, allowing customers to try on items before making online purchases.

Lalamove

Series A in 2015
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

Lalamove

Series A in 2015
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

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.
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