AppWorks completes its fourth fund raising of $165 million, bringing its total funding to $386 million.

PANews reported on January 7th that AppWorks has completed the final fundraising for its fourth flagship fund (Fund IV), raising $165 million and bringing the company's total fundraising to $386 million. This round attracted the first-time participation of three major pan-Asian sovereign LPs: Taiwan's National Development Fund, Malaysia's Jelawang Capital, and South Korea's KVIC. Other investors included Fubon Life Insurance, Taiwan Mobile, Wistron, Phison, and E Ink.

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