How many investments has Mindshift Capital made?

Mindshift Capital has 26 tracked investments, 2 of which have exited, including 2 dated in the last 24 months.

What stage does Mindshift Capital invest at?

Mindshift Capital invests at the Seed, Series A stages.

Where is Mindshift Capital located?

Mindshift Capital is headquartered in Dubai, AE.

Who does Mindshift Capital co-invest with?

Mindshift Capital most often shares deals with 500 Global, Portfolia, Techstars, among 73 tracked co-investors.

Mindshift Capital

Venture capital

Dubai · Seed–Series A · 12 people tracked

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Investment thesis

Mindshift Capital pursues global, gender-lens venture investing, focusing on women-led companies and founders addressing large problems with sophisticated solutions. The firm has backed women-led companies across multiple countries and emphasizes returns and successful exit pathways. Its partners take an active, collaborative role in supporting the growth of portfolio companies, drawing on decades of combined industry experience.

Invests inEdTech FemTech Healthtech Impact & Social GoodSector AgnosticWellness & Fitness Dubai Europe Global Jordan Middle East & North Africa United Arab Emirates United States

Source: firm website, verified Aug 3, 2026.

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Stage

Seed–Series A

Dubai, AE

Instruments

Equity

Founded

2019

Tracked investments

Acquisitions

Team · 12 people

from the firm's website & curated

Heather Henyon· Founding General Partner· Dubai / New Yorkin

Heather Henyon is the Founding Partner at Mindshift Capital, with investment experience across the Middle East, US, and Europe focused on women-owned, family-owned, and technology companies. She has invested in over 100 early-stage technology companies and funds, closed more than 20 debt transactions totaling $47 million across seven countries, and structured a $50 million loan guarantee program in the MENA region. She launched the MENA region's first gender lens investment fund and women's angel investor group, and received Cornell University Emerging Market Institute's Cañizares Alumni Award in 2023.

Katherine Kirsch· Venture Partner· Detroit, Michigan, USA

Marcia Dawood· Venture Partner· New York, USAin

Marcia Dawood is an early-stage investor who chairs the U.S. Securities and Exchange Commission's Small Business Capital Formation Advisory Committee. She is a venture partner with Mindshift Capital, a member of Golden Seeds, and Chair Emeritus of the Angel Capital Association, where she also chairs the Growing Women's Capital Group. Dawood authored the books "Do Good While Doing Well" (2024) and "Unapologetic Wealth" (2026), hosts The Angel Next Door Podcast, spoke at TEDx Charlotte in 2022, and was an associate producer on the 2023 documentary "Show Her the Money."

Rebecca Hall· Venture Partner· Dubai, UAEin

Rebecca Hall is an independent advisor working with private equity firms, family offices, conglomerates and boards across the GCC and Australia on investment strategy, transactions, portfolio value creation, governance and technology deployment, with a focus on developing family capital into long-term investment platforms. She previously served as CEO of Kanoo Ventures, the direct equity and joint venture investment platform of the YBA Kanoo Group. Her earlier career includes roles at Kearney and Macquarie, as well as operating leadership positions in Saudi Arabia.

Barbara Baumgartner· Investment Committee· Dubai, UAEin

Barbara Baumgartner is the Managing Director of FAI rent-a-jet GmbH's DMCC branch in Dubai, a German private jet operator whose services include VIP charter, air ambulance operations, aircraft management, long-term lease, aircraft refurbishment, and special missions. She previously served as head of family office for a Saudi business conglomerate and has experience in venture capital. She sits on the Investment Committee of Mindshift Capital and serves as an angel investor and advisor with the Woman Angel Investor Network (WAIN) in Dubai.

Daphne Kis· Director, WorldQuant University· New Yorkin

Daphne Kis is President of WorldQuant University, an accredited institution offering free online education in data science and quantitative skills to students in over 140 countries. She has worked as an entrepreneur, product lead, and investor in educational technology, and participates in the World Economic Forum's Future Skills Alliance. Kis serves on the Executive Board, Audit Committee, and as chair of the Strategic Planning Committee of Young Audiences: Arts for Learning, and is a member of the Grameen Foundation's Leadership Advisory Council.

Joumana Jallad· Investment Committee· Dubai, UAE

Najla Al-Midfa· CEO, Sheraa· Sharjah, UAEin

Najla Al-Midfa is the Vice Chairperson of the Sharjah Entrepreneurship Center (Sheraa), where she previously served as Founding CEO, and Vice Chairperson of the Emirates Growth Fund. During her involvement, Sheraa has incubated over 200 ventures that have raised more than $270 million in investment and launched the Sharjah Entrepreneurship Festival in 2017. She also holds board positions across several organizations, including publicly listed companies, in sectors such as banking, energy, and education.

Shelly Porges· Partner, The Billion Dollar Fund for Women· Washington, DCin

Shelly Porges is Co-Founder and Managing Partner of Beyond The Billion, initially launched as The Billion Dollar Fund for Women, a global consortium of venture funds committed to investing in women-founded companies; in its first two years, the consortium's fund partners invested over $638 million in nearly 800 such companies. Her board and advisory roles include over a decade as President of the North American Jury for the Cartier Women's Initiative Awards, board membership at the Financial Alliance for Women, and advisory positions with Mindshift Capital, Different Funds, and Global InvestHer. She has also served as a Senior Advisor to Secretary Hillary Clinton and was named to the Forbes 50>50 list in Investment.

Zee Ahmedani· Investment Funds Partner, A&O Shearman LLP· Globalin

Zee Ahmedani is an Investment Funds Partner at Proskauer Rose LLP, where the practice covers the establishment and offering of private investment funds across asset classes, including real estate, venture capital, private equity, hedge, distressed, hybrid, and Shari'ah-compliant funds. Ahmedani advises investment managers, sponsors, placement agents, and institutional investors on fund organization in U.S. and non-U.S. jurisdictions, management company arrangements, U.S. regulatory matters, and alternative asset portfolio investments, and serves on the Advisory Board of Mindshift Capital. Recognition includes an IFLR 1000 Rising Star in Investment Funds designation in 2019 and acknowledgment by Chambers Global as a Foreign Expert in Investment Funds for the MENA region from 2011 to 2014.

Anton Iassenev· Member, Advisory Board· Greater Sydney Areain

Anton Iassenev is Chief Commercial Officer at Ellerston Capital. He has more than 16 years of experience in the investment management industry, working as an investment specialist and team leader at global multi-expertise firms. His background spans several areas of funds management, with a focus on product management and client servicing.

aiassenev@ellerstoncapital.com

Silvia Mah· Investor - LP· San Diego, California, United Statesin

Dr. Silvia Mah is an Associate Professor at Biola University's Crowell School of Business and founder and chairwoman of Stella Foundation, which supports women-led businesses and their investors. She is an angel investor to over 160 startups with diverse leadership teams, a founding partner of Ad Astra Ventures, and has managed multiple funds for the San Diego Angel Conference since 2019. Dr. Mah holds a Ph.D. in Marine Molecular Biology from UC San Diego Scripps Institution of Oceanography, an M.B.A. from UC San Diego Rady School of Management, and a B.S. in Biology from Pepperdine University.

What they invest in

from 24 of 26 portfolio companies

Healthtech ×10AI & Machine Learning ×7Digital Health ×7Biotech ×5Wellness & Fitness ×5EdTech ×4Enterprise Software ×4FemTech ×4

HQs:United States×13United Arab Emirates×2France×1Jordan×1Sweden×1Singapore×1

Who they back

founder profiles across 10 portfolio companies

60%

solo founders

6 of 10 mapped founding teams

50%

repeat founders

of 14 founders with career history

Founding team size:solo founder×62 founders×34+ founders×1

Where their founders studiedfrom 12 founders with education data

Harvard Business School ×2

What their founders studiedfrom 12 founders with field-of-study data

Life Sciences ×4Engineering ×3Finance & Accounting ×3Business & Management ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×3

Investments · 26 tracked

founders shown can be your intro path

By year:2025 · 2 2024 · 2 2021 · 1 2020 · 2 2019 · 18 dated

Localizedlocalized.world in 𝕏Mar 2021SEC filingmedium confidence

Localized offers expert-led training and certification programs for professionals and organizations in fields such as AI, carbon/ESG intelligence, virtual/remote collaboration, and career readiness.

EdTechFuture of WorkHR TechWashington, US

Ronit Avni(CEO)in Devin Young(Chief AI Officer)in

Board seat Heather Henyon· per SEC Form D · $3.3M raise · filed Apr 2021

Co-investorsBisk Ventures Capria Ventures Next Wave Impact One Planet Group

Fork & Goodforkandgood.com inJan 2019

Fork & Good develops cultivated meat technology using a hydroponic system approach that integrates cell biology with farming principles to produce real meat from cells at scale.

BiotechDeep TechFoodTechNutley, US

Gabor Forgacs(Chief Scientific Officer and co-founder)in Andras Forgacs(Partner and co-founder)Niya Sharma(Co-founder)Niyati Gupta(Executive Officer, Director)in

BoardLauren Loktev(Director)

Co-investorsAIR Capital BBG Ventures Collaborative Fund The Venture Collective True Ventures Leaps by Bayer +1 more

Getoptimalgetoptimal.ai in 𝕏

Optibot is an AI-powered code review platform that provides engineering managers and CTOs with real-time visibility into PR cycle time, DORA metrics, AI code adoption, and sprint health by analyzing GitHub and GitLab activity.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS

Co-investorsAct One Ventures Chingona Ventures

Joyluxjoylux.com 𝕏Sep 2024

Joylux develops a line of consumer products focused on women's intimate and pelvic floor health, created with input from an Ob-Gyn to address changes women experience post-delivery and with age.

Direct to ConsumerFemTechWellness & FitnessSeattle, US

Colette Courtion(Founder)inRobert Cross(Director)Richard Boxer(Director)Peter Weiss(Executive Officer)

Co-investorsCentral Texas Angel Network Goddess Healthtech Capital Houston Angel Network J-Impact J-Ventures +7 more

Little Thinking Mindslittlethinkingminds.com in 𝕏

Little Thinking Minds is an educational platform serving schools and learners across the MENA region that focuses on Arabic literacy instruction for students aged 4-18 through interactive content, assessments, and teacher support programs.

AI & Machine LearningEdTechAmman, JO

Co-investorsInnovative Startups and SME’s Fund (ISSF)Algebra Ventures

Making Spacemaking-space.com inJul 2024

Making Space is a talent acquisition and learning platform that helps disabled professionals build skills, find community, and secure meaningful employment, while providing employers with accessible hiring and retention support.

B2B MarketplacesEdTechHR TechImpact & Social GoodLos Angeles, US

Keely Cat-Wells(CEO & Founder)in

Co-investorsOne Planet Group One Planet Ops Samvid Ventures Techstars Workshop Venture Partners Beta Boom +1 more

MDisruptmdisrupt.com in 𝕏

MDisrupt is an AI-powered marketplace that connects healthtech, life sciences, and medical device innovators with vetted clinical, scientific, regulatory, and commercial experts.

AI & Machine LearningB2B MarketplacesDigital HealthEnterprise SoftwareFintechHealthtechSaaS

Ruby Gadelrab(Founder & CEO)in Greg Nagy(Chief Operating Officer)inRoger Davies(Chief Technology Officer)in

Co-investors37 Angels BDev Ventures Geek Ventures Growth Factory Ventures Stone Mountain Ventures Suncoast Ventures +3 more

Mercy BioAnalyticsmercybio.com inNov 2020

Mercy BioAnalytics develops diagnostic tests for early cancer detection using advanced proteomics and genomics technologies.

BiotechDigital HealthHealthtechMedical DevicesNatick, US

Paul Blavin(Co-Founder & Vice Chairman)in Stanley Lapidus(Director)inDawn Mattoon, PhD(Chief Executive Officer)Joseph Sedlak(Executive Officer, Director)

Board Paul Meister(Director)Sonja Hoel Perkins(Director)in

Co-investorsAvestria Ventures Hatteras Venture Partners iSelect Fund Novalis LifeSciences Portfolia Sozo Ventures +2 more

Motivomotivohealth.com in 𝕏

Motivo provides clinical supervision and support services for newly graduated therapists entering the mental health workforce, helping behavioral health organizations address the shortage of qualified mental health providers.

HealthtechHR TechMental HealthChattanooga, US

Rachel Ledbetter(Chief Executive Officer, Co-Founder)in

Co-investorsNext Wave Impact Overline SteelSky Ventures Techstars ECMC Group Great Oaks Venture Capital

NX Prenatalnxprenatal.com

NX Prenatal is a molecular diagnostics company developing exosome-based liquid biopsy assays that detect adverse pregnancy conditions such as preterm birth, preeclampsia, and placenta accreta.

BiotechDigital HealthFemTechHealthtechLouisville, US

Paul Kortschak(Chief Executive Officer)GAIL PAGE(Executive Officer, Director)BRIAN BROHMAN(Executive Officer, Director)ROBERT SAUNDERS(Director)KEVIN BRAMER(Director)ALAN MACK(Director)

Co-investorsBelle Impact Fund Keyhorse Capital Solas BioVentures Golden Seeds Portfolia

Orbillionorbillion.com in 𝕏SeedAcquired

Orbillion Bio develops cultivated beef using computational optimization and proprietary bioprocess controls to achieve cost-competitive production at scale without genetic modification or expensive growth factors.

Advanced ManufacturingClimate TechSan Francisco, US

Patricia Bubner(Founder)in

Co-investorsAt One Ventures Beresford Ventures Big Idea Ventures Brinc C3 Ventures Earth Venture Capital +21 more

OtoNexusotonexus.com in

OtoNexus Medical Technologies is developing an ultrasound-based otoscope (Novoscope) that uses a miniaturized sensor in a single-use ear speculum tip to give clinicians objective, point-of-care data on middle-ear fluid and infection type.

AI & Machine LearningDigital HealthHardwareHealthtechMedical DevicesSeattle, US

Caitlin Cameron(Chair & CEO)in

Co-investorsGolden Seeds Dellin Investments Farvatn Venture Keiretsu Forum Portfolia SeaChange +3 more

Rebel Girlsrebelgirls.com 𝕏

Rebel Girls is a media and empowerment brand that creates books, audio stories, and fiction centered on inspiring stories of women and girls.

ConsumerEdTechMedia & Entertainment

Elena Favilli(Founder)inFrancesca Cavallo

Co-investors500 Global Emmeline Ventures Owl Ventures Accolade Partners Acrew Capital

Rosymeetrosy.com in 𝕏

Rosy is a women's health technology platform that provides women with resources, community support, and research-backed solutions for sexual health concerns.

Digital HealthFemTechHealthtechWellness & Fitness

Lyndsey Harper(Founder and CEO)in

Co-investorsJoyance Partners Social Starts True Wealth Ventures Cultivation Capital SoGal Ventures

Rosy Wellness in

HealthtechDallas, US

Lyndsey McKay Harper(Executive Officer, Director)Mahmoud Haidar(Director)

Board Kerry Rupp(Director)in

Co-investorsBusiness Growth Fund Golden Seeds True Wealth Ventures

Shiok Meatsshiokmeats.com in 𝕏Jun 2020Acquired

Shiok Meats grows shrimp and other seafood through cellular agriculture, cultivating animal tissue in laboratories rather than harvesting from wild or farmed sources.

BiotechClimate TechFoodTechHealthtechSingapore, SG

Ling Ka Yi(Founder)in Sandhya Sriram(Founder)in

Co-investorsBig Idea Ventures Entrepreneur First Sustainable Food Ventures VegInvest Y Combinator Aera VC +24 more

Swedish Algae Factoryswedishalgaefactory.com in 𝕏

Swedish Algae Factory cultivates diatoms and extracts their silica shells, marketed as Algica®, a material used in high-end oceanic beauty care products and applications such as solar panel efficiency enhancement.

Circular EconomyCleantechNew MaterialsKungshamn, SE

Co-investorsAqua Spark Chalmers Ventures AB Powerhouse Walerud Ventures

Tara AItara.ai in 𝕏Series A

Tara AI provides analytics software for engineering teams that analyzes source control and project data to measure and improve development cycle times, deployment velocity, and resource allocation.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

Iba Masood(Founder)in Syed Ahmed(Founder)in

Co-investorsAAF Management Ltd.Alumni Ventures GSV Ventures Owl Capital Y Combinator Aspect Ventures +10 more

Theqapptheqapp.com in

theQapp (formerly QiDZ) is a mobile app that helps families discover kid-friendly activities, attractions, dining, classes, and events, along with promo codes and discounts.

ConsumerMarketplacesMedia & EntertainmentDubai, AE

Umami Bioworksumamibioworks.com in

Umami Bioworks develops cultivated seafood using cell biology and bioprocess engineering technologies.

AI & Machine LearningBiotechFoodTech

Mihir Pershad(Founder)in

Co-investorsAera VC Agronomics Aqua Spark Better Bite Ventures Brinc Sustainable Food Ventures +5 more

Valeofeelvaleo.com in 𝕏Mar 2025 · $12M

Valeo Health is an AI-driven health-tech company that delivers at-home healthcare and wellness services, including blood tests, IV drips, physiotherapy, doctor-on-call visits, weight loss and peptide therapy programs, and babysitting, with results and tracking via its app.

Digital HealthHealthtechWellness & FitnessDubai, AE

Ankur Majumder(Founder)inSundeep Sahni

Co-investors500 Global FJ Labs Nuwa Capital Oraseya Capital Shorooq Partners Flintera

Valeovaleo.com in 𝕏Mar 2025 · $12M

Valeo is an automotive technology company that generates revenue from multiple automotive-related businesses, with 20.9 billion euros in sales in 2025.

Advanced ManufacturingClimate TechHardwareMobility & Transportation

Co-investorsCapria Ventures FJ Labs Flintera Nuwa Capital

Vivoovivoo.io in 𝕏

Vivoo develops at-home urine testing products with machine learning-powered image processing to help users monitor their hydration, nutrition, and overall wellness.

AI & Machine LearningConsumerDigital HealthFemTechHealthtechIoTWellness & FitnessPalo Alto, US

Miray Tayfun(Founder)inGözde Büyükacaroğlu(Founder)inEdoardo Rizzi(Chief Executive Officer)

Co-investors500 Emerging Europe 500 Global APY Ventures Capria Ventures Draper Associates Halogen Ventures Management Company Llc +4 more

Wellbeeswellbees.co in

Wellbees provides an employee engagement and workplace wellness platform that helps organizations build connected communities and track employee wellbeing across multiple languages and countries.

Enterprise SoftwareHR TechMental HealthSaaSWellness & Fitness

Co-investorsDoha Tech Angels 212 Qatar Development Bank Sabancı Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ForteMunchon

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Portfolio news

latest coverage across their companies

Wellbees Raises $3.6M Series A

Wellbees · thesaasnews.com · Jun 22, 2026

Mercy BioAnalytics Announces $59 Million Series B Financing to Advance Early Cancer Detection Programs - Mercy BioAnalytics

Mercy BioAnalytics · mercybio.com · Sep 3, 2025

Frequently asked questions

How many investments has Mindshift Capital made?: Mindshift Capital has 26 tracked investments, 2 of which have exited, including 2 dated in the last 24 months.
What stage does Mindshift Capital invest at?: Mindshift Capital invests at the Seed, Series A stages.
What sectors does Mindshift Capital focus on?: Mindshift Capital focuses on EdTech, FemTech, Healthtech, Impact & Social Good, Sector Agnostic, Wellness & Fitness.
Where is Mindshift Capital located?: Mindshift Capital is headquartered in Dubai, AE.
Who does Mindshift Capital co-invest with?: Mindshift Capital most often shares deals with 500 Global, Portfolia, Techstars, among 73 tracked co-investors.

Media · Podcasts & interviews

featuring the team

How can women-led ventures get funding? Mindshift Capital's Heather Henyon explains

Fast Company Middle East · Heather Henyon

Startup Grind Dubai presents Heather Henyon (Mindshift Capital & WAIN)

Startup Grind Local · Heather Henyon

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