AppWorks

AppWorks is a prominent startup accelerator and venture capital firm based in Taipei, Taiwan, founded in 2009. Established by founders for founders, AppWorks has grown to become a significant player in the Greater Southeast Asian startup ecosystem. It operates a highly regarded accelerator program alongside its venture capital funds, aiming to support companies from their earliest stages through to later-stage growth. The firm's strategic focus areas include artificial intelligence (AI), blockchain technology, and the burgeoning markets of Southeast Asia, reflecting its commitment to fostering innovation in high-growth sectors across the region.

The firm's investment strategy is comprehensive, spanning from seed-stage startups to Series C rounds. A key entry point for many early-stage companies is the AppWorks Accelerator, which provides not only mentorship and resources but also initial capital. For instance, their accelerator program typically provides an initial investment of US$60,000 for 5% equity, serving as a crucial first cheque for many nascent ventures. Beyond the accelerator, AppWorks leverages its venture funds to make direct investments, participating in larger rounds as companies scale.

AppWorks has demonstrated substantial financial capacity with the closing of its fourth fund, AppWorks Fund IV, at $150 million in July 2022. This significant capital pool enables the firm to make substantial follow-on investments and lead or co-lead larger rounds for promising portfolio companies. With investments in over 400 startups and an alumni network exceeding 1,400 founders, AppWorks has built a diverse and impactful portfolio that includes regional leaders like Carousell, Lalamove, and 91APP. Their dual approach as an accelerator and a multi-stage VC firm positions them as a comprehensive partner for startups seeking to grow in Asia.