Taipei’s venture capital scene is buzzing as AppWorks, a leading VC firm, just closed its fourth flagship fund, AppWorks Fund IV, at an impressive US$165 million, pushing the total funds raised by the firm to US$386 million.
This latest milestone signals strong confidence from investors in AppWorks’ approach to supporting innovative startups across Asia.
A Diverse and Strategic Lineup of Investors
The fund’s limited partners (LPs) read like a who’s who of the region’s investment landscape.
Among them are Taiwan’s National Development Fund, Malaysia’s Jelawang Capital, Khazanah Nasional’s national fund-of-funds, and Korea Venture Investment Corporation (KVIC).
Corporate partners such as Fubon Life, Taiwan Mobile, Wistron, Phison, and E Ink also contributed, reflecting both local and international confidence in AppWorks’ vision.
Building Startups from the Ground Up
Founded in 2010, AppWorks is more than just a venture capital firm—it’s a launchpad for entrepreneurs aiming to go from zero to one.
Every six months, the AppWorks Accelerator selects promising founders and helps them navigate product-market fit, growth strategies, and scalable business models.
The ecosystem has grown dramatically, now supporting 653 active startups and 2,086 founders, including 288 AI startups with 600 AI founders and 156 Web3 startups with 424 founders.
Impressive Impact Across Asia
The collective impact of these startups is remarkable.
To date, they have raised US$7.3 billion, reached a total valuation of US$37.7 billion, generated US$17.4 billion in annual revenue, and created 28,256 jobs.
With a presence across nine key markets—Taiwan, Indonesia, Singapore, Malaysia, Vietnam, the Philippines, South Korea, Japan, and Hong Kong—AppWorks is helping founders scale businesses beyond borders and build long-term, competitive ventures.
Partnering Corporates with Frontier Technologies
Under the leadership of Jamie Lin, Chairman & Partner, AppWorks goes beyond traditional venture funding.
The firm actively partners corporates with cutting-edge AI and Web3 startups, co-developing products and business models that extend beyond their core operations.
This approach allows corporates to stay ahead of technological disruption while nurturing innovation in the startup ecosystem.
What Lies Ahead for AppWorks
With Fund IV now fully raised, the focus shifts to accelerating startups, expanding cross-market opportunities, and fostering innovation in AI and Web3.
For founders and investors alike, AppWorks remains a dynamic hub where bold ideas meet actionable growth strategies.
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