about-mindworks

MindWorks Ventures

MindWorks Ventures is a venture capital firm with office in Hong Kong and London. We invest in the brightest people solving difficult problems in the Southeast Asia and Greater China region.

We think big with our partners and provide support to achieve their largest aspirations.

 

Stages and Region

We invest in early and expansion-stage, Asia-based technology start-ups.

Initial investments range from US$1-2 million with approximately US$5-10 million anticipated in total funding over the investment life of our typical portfolio company.

Sector and Region Focus

We look for companies that have the potential to build entirely new ecosystems or reinvent entire industries. We invest in these industries before they become apparent.

As the world’s most populated region, we believe Asia’s adoption and innovation rate of technology will continue to rise and exceed the rest of the world.

Structure

We believe that the traditional “black-box” fund structure is broken with greater agency risk to investors now than ever.

Our innovative fee structure is set out to realign investor’s interest thus allowing the greatest degree of transparency and value-added participation.

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EMPOWERING THE BRIGHTEST MINDS TACKLING WORLD’S GREATEST PROBLEMS

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Our Insights

We leverage on our proprietary Asia insight generated from the investment team and institutionalized corporate relationships to invest in disruptive startups in the region.

Reach

Institutionalized corporate relationships with the most significant Asian technology, Internet, companies in Greater China and South East Asia region.

Unique DNA

MindWorks has the experience and unique team DNA to acquire first hand Asia insight consistently and effectively.

Localized Understanding

First-hand on the ground insights into and comprehensive understanding of the dynamics and trends in the Asian technology markets.

Active Partnership

We are in the company-building business, not the “deal” or “capital” business. We are active partners who do everything we can for our companies and work on the ground with them.

Creative Strategic Planning

When good isn’t good enough, we help you think outside the box, and we help you change the rules. Every business goes through pivotal moments – cave on a term or lose a customer, cancel the product line or keep it in market; we will help you thru it.  

Direct Straightforward Style

Change depends on unreasonable people. Don’t assume–analyze. We prefer brutal honesty to hypocritical politeness. We will challenge you without confronting you but once we pick a management team, we back it and don’t second-guess it.

 

 

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“We want to build companies with a creative monopoly dervied from innovation so significant it allows them to evade the competitions entirely.” David Chang – MindWorks

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Our Investment Approach

While people matters, MindWorks also believes in hypothesis-driven investing. Instead of following trends and entering a crowded market to become yet another mediocre player, MindWorks seeks out companies that creates their own market and ecosystem.

Pre-Investment

At this stage, we focus on understanding industry dynamics and market trends in the technology markets of South East Asia and Greater China. MindWorks then seek out partners to fill inefficiencies and problems gaps in these industries.

Post-Investment

We leverage our unique DNA to interact directly with our portfolio companies to provide the crucial “link” necessary to establish a meaningful business relationship. We will continue to ensure that these synergistic relationships will continue to grow.

Redefining the VC Industry

MindWorks is set out to change the fund industry by redefining the traditional fund fees structure. For more information please email info@mwsventure.com  

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Our Portfolio

We believe our companies speaks for itself. Browse our most recent projects below.

Blockapps
qupital
Vocinno
Tuling
leadiq
Tongrd
Grana
EasyVan – LaLaMove
Dianrong
Pathway
Air Bay Creative
Zuoyou
Dolphin
Spottly
team

Our Team

David Chang

David Chang

Managing Partner View Details
Joe Chan

Joe Chan

Partner View Details
Wayne Chu

Wayne Chu

Principal View Details
Richard Greer

Richard Greer

Venture Partner View Details
Robin Chiang

Robin Chiang

Venture Partner View Details
Suni Goonetillake

Suni Goonetillake

Venture Partner View Details
Rafal Czerniawski

Rafal Czerniawski

Venture Partner View Details
Crystal Chung

Crystal Chung

Investor Relations View Details
Jenny Ong

Jenny Ong

Middle Office View Details
David Chang

David Chang

Managing Partner

David has been involved with some of the most transformative companies to emerge from Silicon Valley and Asia. While working in finance, David started investing and advising his family’s office with a focus in media technologies. Their previous investments includes Buslogic (became Mylex), Crossroads Systems, Alvesta, Ledel Semiconductors (acquired by Siliconix) and UT Starcom.

David has worked as an Analyst in Morgan Stanley, Vice President in Credit Suisse and Director at Guosen Securities in Hong Kong. David is passionate about fitness, bio-tech and wearables. He is a triathlete and Crossfitter.

Joe Chan

Joe Chan

Partner

Joe Chan is an angel investor and veteran TMT investor. Prior to that, Chan has worked for Guosen Securities, one of the largest investment banks in China, as a director and an analyst of Central Asset Investment which is an multi-year award winning asset management firm. Chan has multi-year experience in helping startups on deal structuring ,fund raising as well as international expansion.

Wayne Chu

Wayne Chu

Principal

Before joining MindWorks, Wayne worked as an Executive Director at Goldman Sachs in Hong Kong and prior to that as an Director for Nomura investment bank, BNP Paribas and CLSA Asia Pacific. Wayne has over 12 years in public equities markets, specializing in institutional trading, sales, marketing and ECM distribution.

Wayne graduated from a Masters degree majoring in Finance from the University of New South Wales in Australia and is passionate about automation, data analytics, automobiles and snowboarding.

Richard Greer

Richard Greer

Venture Partner

Richard Greer was educated at Winchester College and Corpus Christi College, Cambridge, and began his working career with Jardine Matheson, in Hong Kong and Japan, where he lived for fifteen years. He helped establish in 1982 what became Baring Securities, in Tokyo, where he was also the representative for the European Union investment banks with the Japanese Ministry of Finance. Based in London from 1993, he was head of research at Baring Securities and later at Caspian Securities and Commerzbank. Between 2005 and 2008 he worked at WMG Limited, a wealth management company, and in 2011 he joined Suni Goonetillake at Laurel Capital Kingsway LLP.

He is a non-executive director of the Schroder Japan Growth Fund, a UK listed investment trust, and is a director of ChillTechnologies Limited. He is on the boards of a number of charitable groups, all of which are active in the creative sector. Richard is an avid art collector and owns one of the large collection of decommissioned World War II tanks.

Robin Chiang

Robin Chiang

Venture Partner

Before joining MindWorks, Robin was a Managing Director at Haitong International Securities where he led offshore direct investments. He was also a Vice President at AEA Investors’, a global mid-market buyout fund. Mr. Chiang also previously worked as an investment banker at Morgan Stanley and at Boston Consulting Group covering Greater China, South East Asia and Australia. He received his Bachelor of Engineering and Bachelor of Laws from the University of Melbourne and is a qualified barrister and solicitor in Australia.

Suni Goonetillake

Suni Goonetillake

Venture Partner

1982-1985: Ernst and Young, Chartered Accountant
1986-1993: Citibank London, Head of Equity Derivative Sales
1993-1999: Peregrine Hong Kong, Head of Equity Derivative Sales
1999-2005: Commerzbank AG, Co-Head of Equities
2005-2009: Nordea, Copenhagen, Head of Equity Trading and Derivatives
2009-2010: Bryan Garnier, London, Partner
Non-executive Director of MEC Asia Fund, Executive Director of SingXpress Land and Xpress Group, listed on the Singapore and Hong Kong Stock Exchanges

Rafal Czerniawski

Rafal Czerniawski

Venture Partner

Rafal is venture partner of MindWorks. Rafal is a seasoned Technologist, Executive and Leader who breathes and eats software. Rafal was previously CTO and Head of Electronic Trading of CLSA with over 20 years of experience. He is currently the co-founder & CEO of ICStudio, a startup incubation studio based in Hong Kong. Rafal also worked for Deutche Bank and Banker Trust as a Database Scientist and Head of Research Technology. Rafal has passion for application of technology to change the world, driven by a constant hunger for execution and new ideas.

Crystal Chung

Crystal Chung

Investor Relations

Crystal joined the MindWorks team in 2016 and is primarily responsible for investor relationship management. Prior to joining Mindworks Ventures, Crystal worked as an Investor Relations Manager at econtext Asia Limited, a Japanese online payment services and e-commerce solutions company, following its IPO in Hong Kong. She was responsible for the Group’s investor relations and corporate communications functions and initiatives. Crystal started her career in Investor Relations and Marketing at ADM Capital, a Hong Kong-based alternative investment manager. She has over six years of experience in Investor Relations. Crystal has a Bachelor of Science degree from University of California, San Diego in Management Science.

Jenny Ong

Jenny Ong

Middle Office
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