MindWorks upsizes Fund IV target to $250m, ropes in HKU endowment fund as LPThe firm had initially planned to raise $150-200 million.

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.