MindWorks Ventures
405 Fairmont House, 8 Cotton Tree Drive, Central, Hong Kong Island, Hong Kong
Overview
MindWorks Capital invests in and empowers Asia's most promising entrepreneurs to establish transformative businesses. MindWorks manages capital for university endowments, global asset managers, fund of funds, family offices, and Asia's top new economy innovators.
- Total investments
- 23
- Lead investments
- 5
- Investments · 12mo
- 3
- Active investors
- 8
Sector focus
- Financial Services
- FinTech
- Venture Capital
Investment portfolio
- Collov
Participated · Series A · Apr 2026
Collov develops visual intelligence technology that combines diffusion models, spatial reasoning, and multi-step agentic systems to understand scenes and generate actionable outputs. Its consumer-facing applications, Collov AI and CozyAI, are used by more than 1 million users and over 300 companies and serve as product and data feedback loops to improve model performance. The company reported that its visual AI model has driven a significant increase in revenue and has been integrated into on-device systems from Qualcomm. Collov positions its technology as foundational infrastructure for next-generation AI devices such as wearables and real-time interactive systems. The founding team includes researchers and engineers from Stanford, UC Berkeley, and Yale who have contributed to multimodal AI and large-scale recommendation systems. Future plans emphasized in the article include expanding research through the new lab and accelerating adoption of camera-driven visual interfaces.
- Kitar
Participated · Series A · Apr 2026
Kitar operates a hybrid recommerce marketplace combining direct sales and consumer-to-consumer listings, initially focused on used smartphones with a standardized grading system to control quality. The company deploys generative AI tools to support inspection processes and produce product verification content to improve operational efficiency. Kitar sources inventory online and through offline touchpoints, currently operating 12 stores and workstations in Indonesia and partnering with Shopee and local Apple distributors to build supply. It plans to expand its offline footprint to 20 mall stores and 40 workstations by 2026 and to move into additional categories such as motorcycles and luxury goods after scaling operations. Kitar is targeting $100 million in gross merchandise value and millions of daily active users by 2026.
- DeepWisdom
Participated · Series A · Jan 2026
DeepWisdom (深度赋智) develops Atoms, formerly known as MetaGPT, an AI programming platform that organizes multiple intelligent agents into a virtual startup team so a single user can design, code, deploy and operate real products. The system lowers the marginal cost from idea to live business by systematizing the entire entrepreneurial workflow and supports a proprietary “race mode” that lets several models compete on code quality, security and UX to deliver the best result at 60 % of competitors’ cost. In the Xbench deep-research benchmark, Atoms scored 73, outperforming OpenAI o3 (65+) and Gemini 2.5 Pro (60+), and the platform is SOC 2 certified, GDPR compliant and end-to-end encrypted. Market traction has been rapid: in its first month, the product generated US$1 million in annualized recurring revenue with zero marketing spend, signed up more than 500,000 global users and stayed atop Product Hunt’s global leaderboard for four consecutive weeks. With its new funding, DeepWisdom will iterate on core multi-agent capabilities such as memory management and intent recognition, scale product deployment and open a Silicon Valley office to attract international talent. The founding team includes alumni of Tencent, Huawei, Google, Anthropic and ByteDance, led by Xiamen University computer-science graduate Chenglin Wu. The company has now secured the largest financing to date in China’s Coding Agent sector.
- Sending Network
Led · Seed · Feb 2023
Sending Network is a DePIN project building SendingMe, a decentralized application that combines chat, social features, and trading to give users control of their social layer. The platform integrates messaging, social interactions, and transactions in a single dApp. Sending Network completed a $7.5 million financing round structured as a SAFE that closed in October of last year. Investors in the round include Nomad Capital, Symbolic Capital, Web3.com Ventures, Galxe, SWC Global, Balaji Srinivasan and Gabby Dizon. The team plans multiple testnets this year and aims to launch mainnet in Q1 2025, according to co-founder Mason Yang. Sending Labs is building a Web3 communications stack and launched beta versions of two flagship products, SendingNetwork and SendingMe. SendingNetwork is a developer-focused SDK that helps teams build secure, fully decentralized dApps with in-app/cross-app chat, notifications, wallet or Decentralized ID (DID) logins, and NFT/token-based transacting. SendingMe is an encrypted decentralized group chat platform for users, creators, and community managers that supports smart contract-powered payments, P2P swaps, airdrops, gifting, auctions, and token-gated memberships to enable creator monetization. The company centers end-to-end decentralization and user-led data ownership, offering community management and social toolkits that leave users in control of identification, data, and assets. Sending Labs secured $12.5 million in seed funding alongside the beta launch, backed by a syndicate led by Insignia Venture Partners, MindWorks Capital, and Signum Capital with participation from K3 Ventures, Lingfeng Innovation Fund, UpHonest Capital, and Aipollo Investment. Co-founders Joe Yu and Mason Yang previously built Dolphin at MoboTap, growing it to over 200 million users prior to its 2014 acquisition, and are applying that experience to improve Web3 user experience and accessibility.
- Yield Guild Games
Led · Equity · Dec 2021
Yield Guild Games (YGG) operates as a play-to-earn gaming guild that aggregates players and gaming assets for blockchain games. The company has expanded via geographically focused subDAOs, most recently launching YGG SEA to target Southeast Asia. YGG SEA was co-founded by Evan Spytma, Dan Wang, and Irene Umar and will focus on driving P2E adoption and expanding the YGG network in the region. YGG has been actively fundraising to support growth: the parent guild and its subDAOs have attracted institutional and industry backers. YGG previously raised $4.6 million in a separate round led by Andreessen Horowitz to expand its global community. The company has also disclosed plans to acquire $1 million worth of NFT gaming assets from Star Atlas. Yield Guild Games (YGG) is a decentralized gaming outfit that purchases or breeds yield-earning in-game assets (NFTs) and loans those assets or the funds to acquire them to 'scholars' so they can play blockchain games such as Axie Infinity. Players earn in-game tokens that can be converted to local currency, and YGG takes a small cut of the in-game revenue generated by those players. The model originated when founder Gabby Dizon began lending Axies to other players during the pandemic to help them earn income. At the time of the article YGG had about 5,000 scholars, a majority in Southeast Asia, and is focusing on scaling internationally. The company frames itself around redistributing ownership and value in game assets back to players through play-to-earn mechanics. Yield Guild Games is a Philippines-based online gaming guild that allows players to earn cryptocurrency rewards. The company raised $4 million in a Series A funding round. The Series A was led by BITKRAFT Ventures. BITKRAFT Ventures is described in the article as a venture capital investor focused on gaming, esports and interactive media. The article does not provide operating metrics, use-of-proceeds details, or additional investor names. Yield Guild Games pools capital to buy NFTs and virtual land in blockchain games and shares profits with players who earn in-game rewards. The organization has invested in assets such as 88 plots of Savannah land in Axie Infinity and a 12-by-12 estate in The Sandbox, spending more than $100,000 on those two transactions. Its Discord community is around 2,500 people, with roughly 280 active players; the guild has earned about four million Small Love Potion (SLP), roughly $160,000, split among hundreds of players. YGG plans to hold and monetize its virtual land and use a YGG protocol to share profits; the group says a DAO is being planned but does not yet exist. Founders include Gabby Dizon, Beryl Li, and Owl of Moistness. The guild intends to operate across multiple NFT-based games, accelerate the play-to-earn model, and raise additional funding in the future.