AppWorks

Based in Taiwan, founded in 2009, AppWorks is a startup accelerator and venture capital firm built by founders, for founders.

AppWorks Accelerator, the renowned 6-month free accelerator program, admits 30 - 40 AI, Blockchain, and Southeast Asia startups per batch from across the region and boasts 490 active startups and 1,589 founders in itsalumni network. Collectively, all companies in the ecosystem generate annual revenue totaling US$15.3 billion (-12% YoY), and have created 23,999 jobs (+6% YoY). Altogether, the ecosystem raised a total of US$5.7 billion (+10% YoY), with an aggregate valuation reaching US$31.8 billion (+2% YoY). The AppWorks web3 ecosystem now has 129 startups and 345 founders. AppWorks web3 companies generate revenue totaling US$3.5 billion, and raised US$1.4 billion, with an aggregate valuation of US$26 billion. The AppWorks AI ecosystem now has 150 startups and 439 founders. AppWorks AI companies generate revenue totaling US$246 million, and raised US$277 million, with an aggregate valuation of US$714 million.

As a VC, AppWorks manages four venture capital funds totaling US$ 350 million, typically investing in seed to Series C companies. We fund 20-30 deals a year, now with more than 100 names in our portfolio, including leading startups in several verticals such as Lalamove, Dapper Labs / Flow, Animoca Brands, 91APP, Figment, Carousell, ShopBack, Tiki,