AppWorks has completed the fundraising of $165 million for its fourth fund, bringing the total fundraising to $386 million

According to market news, AppWorks' official announcement states that it has completed the final fundraising for its fourth flagship fund (Fund IV), reaching a scale of $165 million, bringing the company's total fundraising to $386 million. This round attracted three major pan-Asian sovereign LPs, including the "Taiwan National Development Fund," Malaysia's national fund Jelawang Capital, and Korea's KVIC, marking their first joint participation. Additionally, companies such as Fubon Life, Taiwan Mobile, Wistron, Phison, and E Ink also participated in the investment.

Since its establishment in 2009, AppWorks has built an ecosystem of over 2,000 founders and 653 active startups, focusing in recent years on AI and Web3, with over 70% of the latest accelerator projects coming from outside Taiwan. The fund will focus on early-stage project investments and has supported well-known companies such as Lalamove, Animoca, and Flow. AppWorks stated that the fund will concentrate on high-potential entrepreneurial opportunities from emerging markets in Asia.