AppWorks Closes $165M Fund IV, Lifting Its Total Capital to $386M to…

Team S · 2026-01-12T14:39:59.000Z

Taiwan-based venture capital firm AppWorks has announced the final closing of its fourth flagship venture capital fund, AppWorks Fund IV, at US$165 million, bringing the company’s total funds raised to US$386 million since inception. The firm said the new fund marks a rare instance of multiple pan-Asian sovereign limited partners uniting in a single vehicle, reinforcing its commitment to backing early-stage startups across the region in high-growth technology sectors including AI, Web3 and the broader digital economy. AppWorks Fund IV attracted significant participation from sovereign limited partners, including Taiwan’s National Development Fund, Jelawang Capital (the national fund-of-funds under Malaysia’s Khazanah Nasional) and Korea Venture Investment Corporation (KVIC) their first time together in one investment fund. The round also includes leading corporate and institutional investors such as Fubon Life Insurance, Taiwan Mobile, Wistron, Phison Electronics and E Ink Corporation. The firm said this diverse LP base supports its mission of connecting founders with both capital and corporate partners to fuel innovation and venture growth throughout Asia. Founded in 2009, AppWorks has built one of Asia’s most extensive founder communities, with more than 2,086 entrepreneurs and 653 active startups across its ecosystem. Over the past decade, the firm has emphasised support for companies in AI and Web3, helping nurture numerous category leaders and enabling founders to access cross-border networks and capital. Fund IV’s capital will be deployed to back early-stage opportunities arising from this ecosystem and to foster innovation at scale during a compelling period for frontier tech adoption across the region. #AppWorks #VentureCapital #FundIV #AIStartups #Web3 #AsiaTech #StartupFunding #SovereignLPs #InnovationEcosystem #EarlyStageInvesting #TechEcosystem #DigitalEconomy #StartupCommunity #CapitalRaise

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AppWorks Closes $165M Fund IV, Lifting Its Total Capital to $386M to… | Newnex