Hong Kong VC MindWorks upsizes Fund IV target to $250m

Hong Kong VC MindWorks upsizes Fund IV target to $250m

David Chang, founder and managing partner of MindWorks

MindWorks Capital, a Hong Kong-based venture capital (VC) firm with investments in logistics giant Lalamove, has upsized the fundraising target of its Fund IV to about $250 million amid rising investors’ interest in a pan-Asia strategy.

MindWorks, which focuses on cross-border startups in the pan-Asian market, is in the process of raising $200-250 million for Fund IV — a fundraising size much bigger than its initial plan of $150-200 million.

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