About Mindworks Capital
Mindworks Capital is a venture capital firm founded in 2013. It is primarily based out of Hong Kong, China. As of Apr 2026, Mindworks Capital is an active investor, having invested in 53 companies, with 3 new investments in the last 12 months. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Collov Overall, Mindworks Capital portfolio has seen 2 unicorns and 2 acquisitions including key companies like XTransfer, Dolphin and Dianrong. A lot of funds co-invest with Mindworks Capital, with names like Brightway Future Capita sharing a substantial percentage of its portfolio. Mindworks Capital has team of 15 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Deals in last 12 months
Mindworks Capital's List of Top Investments
Mindworks Capital has a portfolio of 53 companies, including 2 unicorns. Their most notable investments are in Sending Labs and Finture Group.Their portfolio spans across China, United States, Singapore and 3 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 19 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Mindworks Capital:
1. Lalamove
Tech company providing on demand delivery solutions. It provides same-day delivery and courier services, allowing users to send a variety of products such as documents, food and beverage items, flowers, gadgets, and furniture. Users may track packages in real time. It is an on-demand delivery platform that provides van and vehicle rental.
Key facts about Lalamove
- Founded Year: 2013
- Location: Kowloon (China)
- Annual Revenue: $10M - $50M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $2.28B
- Employee Count: 7,159 as on Aug 31, 2026
- Investors: Vitruvian Partners, Hillhouse and 22 Others
- Latest Funding Round: Series F, Dec 16, 2021, $*****
- Highlight: Editors' Pick
2. Glints
Online job board platform for graduate jobs. The platform allows students to create a profile by mentioning skills, education, and discover career paths and also develop skills required for the career and apply for jobs based on their interests. The companies hiring through the platform include BAP Software. The offering sector includes sales, operation, engineering, human resource, marketing and more.
Key facts about Glints
- Founded Year: 2013
- Location: Singapore (Singapore)
- Stage: Series D
- Total Funding till date: $82.3M
- Employee Count: 922 as on Sep 30, 2026
- Investors: DCM Ventures, Monk's Hill Ventures and 31 Others
- Latest Funding Round: Series D, Aug 30, 2022, $*****
- Highlight: Editors' Pick
3. XTransfer
Provider of cross-border trade payment platform for global businesses. It offers money transfer services for global suppliers and overseas students, among others.
Key facts about XTransfer
4. Dolphin
Dolphin is a browser for Android and iOS devices. The app has features such as customizable gestures (for example, draw a “G” to go to google.com), add-ons, and voice search. It provides fast loading speed, Adblocker tab, incognito browsing, sidebars, flash player, and many more. The app is available on the Android & iOS platforms.
Key facts about Dolphin
- Founded Year: 1999
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 1,731 as on Jul 01, 2024
- Investors: Qualcomm Ventures, Matrix Partners China and 6 Others
- Latest Funding Round: Convertible Debt, Jul 16, 2014, $*****
- Highlight: Acquired
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5. KKday
Online retailer of attraction tickets, tours, transport, and travel services. It provides options for experiences, flights, accommodations, food, WiFi, and SIM cards. The platform facilitates the discovery of local experiences. It offers a variety of travel-related products and services.
Key facts about KKday
- Founded Year: 2014
- Location: Taipei (Taiwan)
- Stage: Series D
- Total Funding till date: $197M
- Employee Count: 940 as on Aug 31, 2026
- Investors: Darwin Venture Management, Monk's Hill Ventures and 13 Others
- Latest Funding Round: Series D, Dec 05, 2024, $*****
- Highlight: Editors' Pick
Mindworks Capital's Year-on-Year Investment Trends
Mindworks Capital has invested in 53 companies over the last 11 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Apr 2026, it has made 3 investments in this year. Its most recent first time investment was in Collov and most recent follow-on round was in Jumppoint.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 3 | 0 | 3 |
2024 | 0 | 2 | 2 |
2023 | 4 | 0 | 4 |
2022 | 0 | 1 | 1 |
2021 | 4 | 5 | 9 |
2020 | 3 | 2 | 5 |
2019 | 5 | 2 | 7 |
2018 | 4 | 2 | 6 |
2017 | 3 | 2 | 5 |
Mindworks Capital's Investments by Stage
Mindworks Capital has made 13 investments in Series A stage with an average round size of $11.8M, 11 investments in Seed stage with an average round size of $6.03M, 4 investments in Series B stage with an average round size of $23.3M, 3 investments in Series C stage with an average round size of $41M and 1 investment in Series D stage with an average round size of $70M.Stage of entry | No. of Investments |
|---|---|
Series A | 13 |
Seed | 11 |
Series B | 4 |
Series C | 3 |
Series D | 1 |
Note: We have considered here, only first round of investments
Mindworks Capital's Investments by Sector
Mindworks Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Retail and High Tech. Notably, it has invested in 41 Tech companies, 28 Enterprise (B2B) companies, 26 Consumer (B2C) companies and at least 21 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 9 |
Enterprise Applications | 9 |
FinTech | 8 |
Retail | 7 |
High Tech | 6 |
Others | 33 |
Note: We have considered here, only first round of investments
Mindworks Capital's Investments by Geography
Mindworks Capital has made most investments in China (15), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
China | 15 |
United States | 7 |
Singapore | 5 |
Taiwan | 2 |
Canada | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Mindworks Capital's recent investments
Mindworks Capital has made 3 investments in 2026 so far. Collov and Collov Labs are the latest among them.Here are the most recent investments by Mindworks Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 21, 2026 | United States | Series A | 8684 | [+1] | |
Apr 21, 2026 | United States | Series A | 4214 | ||
Apr 15, 2026 | Indonesia | Seed | 6279 | [+1] | |
Sep 2025 | United States | Seed | 3646 | ||
Jun 05, 2025 | Canada | Series D | 1610 |
Unicorns in Mindworks Capital's Portfolio
Mindworks Capital has 2 unicorns in its portfolio - XTransfer and Dianrong. The most recent unicorn in their portfolio is XTransfer. It became a unicorn in 2021.Here is a list of unicorns in Mindworks Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Provider of cross-border trade payment platform for global businesses | 2017 | Shanghai | Series D | oztptfh | ||
55 | P2P platform for personal loans | 2012 | Shanghai | Series E | kmbhgko |
Acquired companies in Mindworks Capital's Portfolio
2 companies from Mindworks Capital's portfolio have been acquired. The most recent acquisition was Missfresh.Here are Mindworks Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 23, 2022 | - | - | 3361 | |
Jul 16, 2014 | - | - | 7063 |
Team profile of Mindworks Capital
Mindworks Capital has a team of 15 members including 5 Partners and 5 Venture Partners located in China and Thailand. Mindworks Capital's team sits on the board of 3 companies.Here is a list of top team members in Mindworks Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | - | |
Partner | Hong Kong | - | ||
Partner | Jing'an | - | ||
Partner | - | - | ||
Venture Partner | Hong Kong | - | ||
Venture Partner | Hong Kong | - | - | |
Venture Partner | Hong Kong | - | - | |
Venture Partner | Bangkok | - | - |
Co-investors of Mindworks Capital
Over the past 11 years, 215 investors have co-invested in Mindworks Capital's portfolio companies. This includes funds and angels.
- Invested before Mindworks Capital: 01VC, East Ventures and 65 others have invested in rounds before Mindworks Capital. There are 2 companies where 01VC has invested before Mindworks Capital and 2 companies where East Ventures has invested before Mindworks Capital.
- Top Co-investors of Mindworks Capital: 86 investors entered a company along with Mindworks Capital. These include investors like Brightway Future Capita (3 companies).
- Invested after Mindworks Capital: A total of 62 investors have invested in Mindworks Capital's portfolio after their investments. Top Investors include Alibaba Entrepreneurs Fund (2 companies), Innovation and Technology Fund (2 companies) and STI Financial Group (2 companies).
Recent News related to Mindworks Capital
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Collov Labs: $23 Million Series A Raised To Advance Visual AI Systems And Launch New Research LabPulse 2.0•Apr 21, 2026•Collov, Brightway Future Capita, Taihill Venture, Mindworks Capital
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Hong Kong Investment Corporation Reports $257 Million Investment Income in 2024Caproasia•Nov 13, 2025•Mindworks Capital, Inno Angel Fund, Betatron Venture Group, Hong Kong Investment Corporation Limited
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Wada FoodTech Raises $5M in Pre-Series A3 Round for Hot-Chain Food Service Platform ExpansionStartup Log•Jun 03, 2025•Wada FoodTech, Mindworks Capital, Golden Resources Group
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HK-based logistics tech firm raises additional $3.5mStartupNews•Dec 10, 2024•Jumppoint, Mindworks Capital, IMM Investment, Headline and 3 others
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HK-based logistics tech firm raises additional $3.5mTech in Asia•Dec 10, 2024•Jumppoint, Mindworks Capital
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Finture Secures US$30M in Series B Funding to Expand YUP Credit PlatformFinTechnews•Sep 10, 2024•Finture, Yup, Mindworks Capital, XVC and 7 others
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Finture scores US$30M to take its consumer finance brand YUP beyond Indonesiae27•Aug 20, 2024•Finture, Mindworks Capital, XVC, Antao Capital and 1 other
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SE Asian logistics startup Inteluck raises $34m in Series C fundingShareandstocks•Oct 24, 2023•Inteluck, Favour Capital, CREO Capital Partners, Mindworks Capital and 3 others
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Sending Labs Secures $12.5M to Launch the Web3 Communications StackBusiness Wire•Feb 21, 2023•Insignia Ventures Partners, Mindworks Capital, Signum Capital, K3 and 8 others
