Hong Kong-based venture capital firm MindWorks Capital plans to launch its fourth fund in the first half of 2021, targeting to raise $150 million with a hard cap of $200 million, according to a source familiar with the matter.
The fourth fund, which was first reported by AVCJ on Friday, comes after MindWorks Capital closed its Fund I in 2013, Fund II in 2016, and Fund III in 2018.
