Taiwan's AppWorks to support more startups in SEA with fresh $150 million VC fund

AppWorks currently has over $212 million in assets under management, making them one of the 'largest early-stage VC firms in Southeast Asia'.

Faith Baltazar

12 Aug, 2021

Taiwan's AppWorks to support more startups in SEA with fresh $150 million VC fund | BEAMSTART News

Exceeding its initial target of $100 million, Taiwanese VC firm AppWorks has closed $150 million for its third fund.

AppWorks Fund III was participated by the firm's existing and new investors, and will invest an average of $200,000 for seed-stage rounds and at least $2 million for series A to C.

Key Highlights

  • Limited partners of the fund include Taiwan Mobile, Axiom Asia Private Capital, Fubon Life, TransGlobe Life, Hongtai Group, Wistron, Cathay Pacific, Phison Electronics, and Taiwan’s National Development Fund.
  • The investments are aimed towards 3 main areas: Southeast Asia, AI, and blockchain.
  • According to AppWorks, the firm currently has over $212 million in assets under management (AUM), making them one of the 'largest early-stage VC firms in Southeast Asia'.
  • AppWorks' total valuation now ranges at US$17.4 billion as it comprises 414 active firms and 1,396 founders.

Why it Matters

  • The Taiwan-based VC firm will use the fresh funds to invest in 40 startups consisting of 20 seed-stage firms and 20 series A to series C stages.
  • Some of its capital will be put on hold in order to still provide support for the growth of AppWorks' existing portfolio companies.
  • WeMo Scooter, Blocto, and Soopah Genius are among the companies that have already been backed by AppWorks through the fresh funds.

Latest Jobs

Quality Assurance Lead



Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)


Petaling Jaya, Malaysia


MYR 400 — MYR 600 monthly

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).