AppWorks completes $165 million fourth fundraise, bringing total fundraising to $386 million

PANews January 7 News, according to an announcement on the AppWorks official website, the company has completed the final fundraising for the fourth flagship fund (Fund IV), with a scale of $165 million, bringing the company’s total fundraising to $386 million. This round attracted the participation of the “Taiwan National Development Fund,” Malaysia’s Jelawang Capital, Korea’s KVIC, and other three major Pan-Asian sovereign LPs for the first time. There were also investments from Fubon Life, Taiwan Mobile, Wistron, Phison, E Ink, and other companies. Since its establishment in 2009, AppWorks has built an ecosystem of over 2,000 founders and 653 active startups. In recent years, the company has focused on AI and Web3, with over 70% of the latest accelerator projects coming from outside Taiwan. The fund will focus on early-stage investments and has supported well-known companies such as Lalamove, Animoca, and Flow. AppWorks stated that the fund will focus on high-potential entrepreneurial opportunities from emerging markets in Asia.