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

MarsBitNews · 2026-01-07T02:36:24+00:00

AppWorks completes fundraising for the fourth flagship fund with a scale of $165 million, bringing the total fundraising to $386 million. The new fund will invest in early-stage projects, with a focus on AI and Web3, as well as entrepreneurial opportunities in emerging markets in Asia.

MarsBitNews

2026-01-07 02:36:24

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Mars Finance News, according to market sources, the official announcement on AppWorks’ website states that it 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 three major Pan-Asian sovereign LPs: Taiwan National Development Fund, Malaysia’s Jelawang Capital, and Korea’s KVIC, marking their first joint participation. There were also investments from companies such as Fubon Life, Taiwan Mobile, Wistron, Phison, and E Ink. Since its establishment in 2009, AppWorks has built an ecosystem of over 2,000 founders and 653 active startups. In recent years, it 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 already supported well-known companies like Lalamove, Animoca, and Flow. AppWorks stated that the fund will concentrate on high-potential entrepreneurial opportunities from emerging markets in Asia.

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