Hong Kong VC firm MindWorks Capital closes Fund IV at $220m

Hong Kong VC firm MindWorks Capital closes Fund IV at $220m

David Chang, founder and managing partner of MindWorks

Hong Kong-based venture capital firm MindWorks Capital, which counts logistics unicorn Lalamove among its portfolio firms, has closed its fourth fund at $220 million, according to a company release on Wednesday. 

MindWorks Ventures Fund IV had achieved its first close in 2021. Although the fund closed within its targetted range of $200-250 million, it did not manage to meet the higher end of the target. 

Edited by: Joymitra Rai