How many investments has Mindshift Capital made?

Mindshift Capital has 20 tracked investments, including 2 dated in the last 24 months.

What stage does Mindshift Capital invest at?

Mindshift Capital invests at the Seed, Series A, Series B stages.

What is Mindshift Capital's typical check size?

Mindshift Capital typically writes checks of $1M – $59M.

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 55 tracked co-investors.

Mindshift Capital

Venture capital

Dubai · Seed–Series B · 12 people tracked

★ Follow + Add to CRM ⤳ Find an introduction

✨ Fox Verdict

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.

Stage

Seed–Series B

Check

$1M – $59M

Dubai, AE

Instruments

Equity

Founded

2019

Tracked investments

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

Anton Iassenev· Member, Advisory Board· Greater Sydney Areain

a•••@ellerstoncapital.comreveal

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 19 of 21 portfolio companies

Healthtech ×8Digital Health ×7AI & Machine Learning ×6Wellness & Fitness ×5Biotech ×4EdTech ×4FemTech ×4HR Tech ×4

HQs:United States×10United Arab Emirates×2Jordan×1Sweden×1

Who they back

founder profiles across 10 portfolio companies

70%

solo founders

7 of 10 mapped founding teams

Founding team size:solo founder×72 founders×13 founders×14+ founders×1

Accelerator rootsportfolio companies that came through a program

Techstars ×3

Investments · 21 tracked

founders shown can be your intro path

By year:2025 · 1 2024 · 1 2021 · 1 2019 · 14 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)inDevin Young(Chief AI Officer)in

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

Co-investorsBisk Ventures Capria Ventures 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)inAndras Forgacs(Partner and co-founder)Niya Sharma(Co-founder)Niyati Gupta(Executive Officer, Director)in

BoardLauren Loktev(Director)

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

Forteforte.fit

Co-investorsChaos Ventures Flucas Ventures How Women Invest

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)Robert Cross(Director)Richard Boxer(Director)Peter Weiss(Executive Officer)

Co-investorsGoddess Houston Angel Network J-Impact Next Wave Impact Portfolia Alliance of Angels +3 more

Littlethinkingmindslittlethinkingminds.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-investorsAlgebra Ventures

Making Spacemaking-space.com in

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 Samvid Ventures Techstars Workshop Venture Partners Beta Boom FullCircle

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)inGreg Nagy(Chief Operating Officer)inRoger Davies(Chief Technology Officer)in

Co-investorsBDev Ventures Geek Ventures Stone Mountain Ventures The Venture Collective Zane Venture Fund 37 Angels

Mercy BioAnalyticsmercybio.com in

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)inDawn Mattoon, PhD(Chief Executive Officer)Joseph Sedlak(Executive Officer, Director)Stanley Lapidus(Director)Paul Meister(Director)Sonja Hoel Perkins(Director)

Co-investorsHatteras Venture Partners iSelect Fund Novalis LifeSciences Portfolia Sozo Ventures The Perkins Fund

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

Munchonmunchon.com

Co-investorsShorooq Partners

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

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

Co-investorsBelle Impact Fund Solas BioVentures Golden Seeds Portfolia

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 +2 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

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-investorsSocial Starts True Wealth Ventures Cultivation Capital SoGal Ventures

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

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 & CEO)in

Co-investorsAera VC Aqua Spark Better Bite Ventures Brinc Sustainable Food Ventures The Yield Lab Asia Pacific +2 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 Nuwa Capital Shorooq Partners FJ Labs Flintera

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 Capria Ventures Draper Associates Halogen Ventures Management Company Llc Techstars +3 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

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

Valeo Financial Advisors LLC Raises Stock Position in Oracle Corporation $ORCL

Valeo · marketbeat.com · Aug 9, 2026

Rosy Soil Raises $5M to Expand Biochar Products Nationwide

Rosy · biochartoday.com · Feb 21, 2026

Medpath

Mercy BioAnalytics · trial.medpath.com · Sep 5, 2025

Frequently asked questions

How many investments has Mindshift Capital made?: Mindshift Capital has 20 tracked investments, including 2 dated in the last 24 months.
What stage does Mindshift Capital invest at?: Mindshift Capital invests at the Seed, Series A, Series B stages.
What is Mindshift Capital's typical check size?: Mindshift Capital typically writes checks of $1M – $59M.
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 55 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

Similar investors

Everywhere Ventures

Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.

$250K

WakeUp Capital

WakeUp Capital is an early-stage climate and impact venture capital firm based in Ireland, backing tech-driven founders working on climate resilience and social equity.

500 Global

500 Global (formerly 500 Startups) is a venture capital firm whose flagship Silicon Valley strategy backs promising technology companies from pre-seed onward across a range of sectors and geographies.

$150K

Foreground Capital

Foreground Capital is a venture capital firm dedicated to investing in the future of women's health, building on its predecessor track record at RH Capital.

Portfolia

Portfolia operates venture funds designed by and for women, enabling members to invest collectively in innovative companies while learning together through curated content, founder access, and hands-on deal flow.

$10K