2019 Year in Review: The AppWorks Ecosystem Grows Annual Revenues to US$5 B and Fosters Expansion of 376 Startups in Greater Southeast Asia

In 2019, AppWorks continued to help founders from many different countries, contributing to growth in revenue and jobs in the Taiwanese and regional economies

AppWorks, a leading accelerator and one of the most active VCs in the region, finished 2019 prepared for the next decade by bringing it total capital raised to over US$170 million across three funds, and generating an amount of revenue and new jobs creation for Southeast Asia and Taiwan that is equal to the GDP of the island nation of Barbados. The AppWorks Ecosystem, a community of startups and founders directly associated with AppWorks, grew to 376 startups from 356 last year, and 1,113 founders from 925, with the graduation of cohorts AppWorks #18 and AppWorks #19, a total of 49 startups working on AI and blockchain  businesses. The total AppWorks Ecosystem created over 11,000 jobs in Taiwan. 

Over 60% of the accelerator founders hail from territories in SEA, including: Hong Kong, Singapore, Vietnam, Malaysia and Indonesia. Over 35% of these founders are women. AppWorks continues to be a pivotal catalyst for startup growth and diversity in the GSEA region.

The AppWorks community of startup founders and teams continues to thrive in Taiwan and in Southeast Asia, growing annual revenues to US$5 B per year in the region

In reviewing the growth and successes over the past year, AppWorks Chairman and Partner Jamie Lin says, “The combined efforts of the company and the founders we assist are helping Taiwan further position itself as a regional hub that is uniting the Greater Southeast Asia startup ecosystem.”

“We look forward to a decade of radical innovation and transformation, as the newly minted middle class continues to grow across GSEA and new technologies and smart founders contribute to powerful trade and market creation that lifts the entire region and demonstrates to markets around the world how Asia is leading in technology and business.”

“We could not have done this without the help of our limited partners, but most especially, we thank the founders from across GSEA who have contributed some new leading edge technology to a fast-growing region.  GSEA will over the next ten years generate numerous unicorns and Taiwan will be a fundamental part of that movement and growth.” 

The Funds’ capital raise will assist the fund and the accelerator in continuing in its mission to support founders of AI and Blockchain startups throughout Greater Southeast Asia. 

In 2019, AppWorks made investments in 11 promising startups, including Dapper Labs, a world-class Blockchain company creating new methods for enjoying entertainment; Deep Sentinel, an AI-driven home security camera network; as well as HarukaEDU, an online learning platform, and Infra Digital, a revolutionary payments application, both of which are based in Indonesia.

“We continue to be bullish on AI, blockchain and the growing Greater Southeast Asia market,” says Jamie Lin. “Over the next five to ten years, Taiwan’s startup ecosystem will contribute to some of the next innovations in these industries, and what will make those contributions special will be the integrated way in which founders working in this space will launch from Taiwan and expand and localise throughout this massive region.” 

“Taiwan has much in common with the SEA region, but most directly this connection is it e-economy and the way that its bilingual engineering talent and familiarity with the newest technologies and programming methods are easily paired with unique strategies that are growing out of countries like Indonesia, Vietnam, Singapore and the Philippines, if not the entire SEA ecosystem.” 

“AppWorks will continue to work side by side with founders. With our new Fund III, we are now prepared to invest greater sums of money in rounds up to Series C and lead some of these deals that we think will bring unique changes to the regional economy. We look forward to supporting and working closely with founders in this next decade.” 

Key Company Highlights

  • In 2019, AppWorks Accelerator continued with its focus to recruiting and accelerating only AI / blockchain startups, graduating a total of 48 startups across AW#18 & AW#19, with 29 startups developing for AI / IoT and 19 deploying solutions in Blockchain
  • Across AW#18 & AW#19, over 60% of the accelerator founders hail from territories in GSEA, including: Hong Kong, Singapore, Vietnam, Malaysia and Indonesia.
  • AppWorks Funds invested  across 11 deals spanning AI, blockchain, EC & fintech
  • The AppWorks Ecosystem reached US$ 4.72B in valuation, encompassing 376 startups & 1,113 founders, with the number of startups in the ecosystem accounts for over 11,100 new jobs in Taiwan
  • Many of the existing startups in the ecosystem raised significant amounts of capital this year and drove their expansion plans into GSEA, opening up markets in places like Hong Kong, Indonesia and Vietnam, as well as in other parts of Asia like Japan

The AppWorks ecosystem continued to be a powerful driver of economic growth and a stunning creator of innovation. Several of the early entrants of the startup accelerator raised capital this year and many of the founders and companies achieved new milestones.

Key Milestones of AppWorks Alumni in 2019

Tagtoo (AW#1) became the Leading MarTech Startup in Taiwan, raising a US$ 1.8M Series A to Drive expansion in GSEA.

PetPetGo (AW#3) was acquired by WonderPet Group, the largest pet chain group in Taiwan

VoiceTube (AW#7) will expand beyond Taiwan into the Japan and Vietnam markets in the future. 

VoiceTube (AW#7), the largest language edtech platform in Taiwan, raised US$3.5 M in a Series A to fuel its ambition to become the largest edtech platform in Japan and Vietnam. 

UmboCV (AW#9), the leading AI video security solutions provider, sold to more than 30 countries and raised US$ 8 M in a post-A round to continue its global expansion.

TaxiGo (AW#17), a ride-hailing platform created by founder Kevin Chan was acquired by LINE Taiwan and rebranded as LINE TAXI. 

WeMo Scooter (AW#12) growing and expanding throughout Taiwan in 2019-2020, hitting 5M trips per year

Additionally, another transport startup from a previous accelerator batch, WeMo Scooter (AW#12), the largest e-scooter sharing service in Taiwan, expanded to KaoHsiung and achieved more than 5M trips per year. 

Fugle (AW#12), the leading stock investment mobile platform in Taiwan, surpassed NT$ 500 M in GTV within six months. It raised a NT$ 29 M angel round. 

ShopBack (AW#13), the largest cashback platform in GSEA, raised US$ 45M to drive GSEA growth. 

FBbuy (AW#15), Asia’s leading B2B live social commerce SaaS product, was acquired by M17 and rebranded to HandsUp.

Booqed (AW#15), the Airbnb for workspaces in Hong Kong, raised Us$ 1.68 M in a seed round. It currently possesses 1,600 listings for spaces. 

In the area of AI, MoBagel (AW#16), the leading AI-driven data solutions provider in Taiwan, raised US$5 M in a Series A, to bring widespread AutoML tech into enterprises.

Novelship (AW#16), GSEA’s leading online marketplace for limited-edition sneakers and streetwear, raised over US$2 M in a seed round.

TWDD (AW#16), the leading designated driver service in Taiwan, raised US$ 1.3M in a Series A. 

Soda Labs (AW#17), the leading Hardware-as-a-Service venture builder in Taiwan, raised US$ 2M in a seed round, aiming to create a better connected world. They will be hiring in 1Q 2020. 

Outside of the direct work we do with startups, our Funds team announced that the development of AppWorks Fund III had created opportunities to work closely with a host of new limited partners such as Taiwan Mobile, Fubon Life Insurance, Cathay Life Insurance, Wistron Corporation, Hungtai Group, Capital Securities, as well as Taiwan’s National Development Fund. 

With the addition of Fund III, total assets under management has grown to US$ 170 million, making it one of the largest venture capital firms in Greater Southeast Asia.  

AppWorks School

AppWorks School continues to expand, shaping digital and engineering talent in Taiwan to assist the rapid growth of startups in the country

Since mid-2016, AppWorks School has graduated 179 newly trained software engineers (an increase of 73 in 2019) through a 16-week free coding program. Of these trainees, 91.6% of graduates went on to pursue successful software engineering careers in prominent internet companies such as 91APP, KKBOX, LINE TV (CHOCO Media), WeMo Scooter, LINE Taxi, PicCollage, VoiceTube, Gogoro and UDN Group, with a media starting salary of US$ 23,333 (annually). 

To say it’s been a productive year would have been an understatement. Tapping into the collective effort of each and every one of our team members, we successfully shifted our focus to AI / blockchain and made substantial strides in empowering founders across Greater Southeast Asia to fully embrace a smart and decentralized future. Finally, we’d like to extend a special thanks to all of our partners and friends in the startup community and look forward to working together to strengthen the regional ecosystem even further in 2020.

If you are a blockchain or AI founder in Greater Southeast Asia, and you would like to explore working with us in our semi-annual accelerator program, keep updated by following our blog or the Accelerator page on this site.

You may also find us on LinkedIn and Facebook, where we interact with founders on a daily basis.

AppWorks 公布 2019 Year in Review 年終總回顧:生態系累計募資突破 10 億美元、創造上萬個工作機會,2020 年持續聚焦 ABS 發展策略

正逢歲末年終之際,在 2020 年即將邁入第十年的 AppWorks,於昨晚 (1/7) 舉辦 AppWorks Accelerator  聯合大尾牙。這是 AppWorks 每年最重要的活動之一,不僅邀請 AppWorks Accelerator 歷屆新創校友與員工們回娘家,也藉此讓人數較為精簡的新創員工們同歡,一同感受聯合尾牙的溫馨、熱鬧、抽大獎的氣氛,這次尾牙,總共約 80 支新創團隊、近 400 人參加。

AppWorks Accelerator 聯合大尾牙,AppWorks 董事長暨合夥人林之晨和歷屆新創校友與員工們熱鬧同歡。

在尾牙席間,AppWorks 也公布 2019 Year in Review 年終總回顧專屬網頁,展現過去一整年的成果。回顧 2019 年,在 AppWorks Accelerator 創業加速器、The AppWorks Ecosystem 校友生態系、AppWorks Funds 創投基金,以及 AppWorks School 數位人才培育等各面向上,AppWorks 都寫下重要里程碑,持續結合各界資源,努力推升台灣成為大東南亞 (東協 + 台灣) 數位經濟的發展重鎮。展望 2020 年,AppWorks 則將持續聚焦於 ABS (AI、Blockchain、Southeast Asia) 長期發展策略。

回顧 2019 年,是 AppWorks 豐收的一年,繳出了各項亮眼的成績單。其中,大東南亞校友規模最大的 AppWorks Accelerator,正加速吸引來自以大東南亞為主的 AI / IoT 與 Blockchain 新創來台北進駐,持續扮演大東南亞領先的創業加速器。在 2019 年畢業的 AW#18、AW#19 共 48 支新創團隊,其中 29 支以 AI / IoT、19 支以 Blockchain 為創業主題,這群優秀的創業者中,有出身自 Google、Microsoft、Ripple、Uber、Amazon、Qualcomm、Samsung、聯發科技、Agoda 高管所創辦的公司,也有來自 Y-Combinator 的校友、獲選為 Forbes 30 Under 30 的年輕創業家以及《端傳媒》的創辦人。此外,48 支團隊中,73% 為台灣以外的國際團隊,其中更有超過六成的新創團隊來自東南亞,包括香港、新加坡、越南、馬來西亞、印尼。兩屆團隊也分別在各自的 Demo Day 登場,展現讓人驚艷的創業實力與能量,兩場 Demo Day,各吸引超過 1,200 位投資人、業界代表出席。

AppWorks 生態系里程碑:突破千名創業者、10 億美元募資、創造 1 萬名就業人數

隨著 AW#18 與 AW#19 兩屆生力軍的加入,以及 AppWorks Accelerator 歷屆新創校友們的共同努力,在 2019 年帶動 The AppWorks Ecosystem 校友生態系大幅成長。活躍新創累積至 376 家、共 1,113 位創業者;全體總估值達到 47.2 億美元  (約為 1,440 億新台幣),較前一年成長 29%;生態系累積募資金額為 11.1 億美元 (約為 339 億新台幣),年增率達 36%;所有新創的加總年營業額來到 49.7 億美元 (約為 1,516 億新台幣),較 2018 年大幅成長 98%;整體新創提供的就業人數達 11,162 位,年增率為 16%。其中,創業者人數、整體募資金額、創造的就業數量,分別突破 1,000 位、10 億美元、1 萬位的整數關卡,不僅因此寫下新歷史,也代表 AppWorks 生態系將在 2020 年起的下一個十年,換檔進入另一個成長階段。

回顧 2019 年,AppWorks Accelerator 有多家新創校友,繳出了以下的亮眼成績:

AppWorks Accelerator 校友好成績:VoiceTube 拓展日本、越南市場;WeMo Scooter 累積騎乘數突破 500 萬人次

2010 年成立、專攻成效型行銷廣告的 Tagtoo 塔圖科技 (AW#1),是台灣最早一批投入 AI 領域的代表新創。除了站穩台灣市場外,Tagtoo 近年也積極拓展大東南亞市場,繼 2018 年

獲得亞洲知名行銷社群 CMO Asia 評選為 2018 年印尼最佳品牌獎之後,Tagtoo 在 2019 年完成 180 萬美元 A 輪募資,持續拓展並深耕印尼市場。

台灣規模最大的寵物連鎖服務業集團 WonderPet 萬達寵物,在 2019 年完成購併 Petpetgo 毛孩市集 (AW#3) 。根據預估,2020 年台灣毛小孩數量將達 280 萬,首度超越 15 歲以下兒童,在台灣持續成長的毛孩經濟中,兩者的結合,將有助更進一步擴展市場版圖。

台灣最大的語言科技教育平台 VoiceTube (AW#7),在 2019 年完成 350 萬美元的 A 輪融資,將用於拓展日本、越南等海外市場,以及強化產品技術與開發。目前 VoiceTube 擁有 360 萬用戶,月活躍用戶達 150 萬,其中日本用戶超過 25 萬人,預估 2019 年營收為 2018 年的 3 倍。

VoiceTube 在台灣寫下傲人成績後,未來將進一步拓展日本、越南市場。

台灣最具代表性的 AI 安全監控新創 Umbo CV (AW#9),在 2019 年完成 800 萬美元的 A+ 輪募資,將繼續加速國際化拓展。Umbo CV 目前擁有來自全球 30 個國家、超過 200 家企業客戶,是台灣在 AI 領域中,國際化拓展最為成功的新創典範之一。

台灣知名的計程車叫車平台 TaxiGo (AW#11),在 2019 年獲得 LINE 投資,並成為最大股東,TaxiGo 也因此更名為 LINE Taxi。LINE 正在打造「Life on LINE」全方位的數位生活圈,LINE Taxi 便是其中在交通領域的重要佈局。

台灣最大、亞洲第一個推出的共享電動車服務的 WeMo Scooter (AW#12) 在 2019 年歡慶成立三週年,並完成多項重要里程碑。包括進軍高雄市,全台投放量突破 5,000 台,累積超過 500 萬次騎乘數,平均每 5.7 秒就有一人租借 WeMo。

WeMo Scooter 在 2019 年順利突破 500 萬次騎乘數。

台灣領先的股票投資資訊與下單行動平台 Fugle 富果 (AW#12),2019 年獲得玉山證券、國發會等共 2,900 萬新台幣的天使輪投資。目前,Fugle 的 App 用戶突破 8 萬人,並在六個月內創下總交易金額 (GTV) 突破五億新台幣的佳績。

大東南亞最大現金回饋平台 ShopBack (AW#13),在 2019 年完成 4,500 萬美元募資,將持續拓展大東南亞區業務,穩坐龍頭寶座。ShopBack 於 2014 年在新加坡成立,五年來,已陸續拓展至馬來西亞、菲律賓、印尼、台灣、泰國、澳洲等市場。

台灣最大美髮設計師預約平台 StyleMap 美配 (AW#14),在 2019 年完成近 2,000 萬新台幣的Pre-A輪募資,此輪資金將投入平台新開發的行動支付功能「美Pay」,並跨出美髮領域,前進相關產業如美甲、美容、美睫。成立三年多來,StyleMap 平台上累積超過 8,000 名設計師, 平均每月成功媒合美髮服務的次數高達 2 萬次。

領先亞洲開發出社群電商整單系統的 FBbuy (AW#15),在 2019 年獲台灣直播平台龍頭 M17 購併,並更名為「HandsUP 舉手購物」,共同進軍直播電商市場。在直播電商新業務的挹注下,M17集團預計在 2019 年營收將突破 100 億新台幣。

香港共享工作空間平台 Booqed (AW#15),在 2019 年完成 168 萬美元的種子輪募資。Booqed 現擁有超過 35 家企業客戶,涵蓋科技、保險和零售等行業,在香港、深圳、新加坡等三個城市,共擁有 1,600 筆房源。

自動化機器學習 (AutoML) 新創 MoBagel 行動貝果 (AW#16),2019 年完成 500 萬美元 A 輪募資,用來加速普及 AutoML 技術至需要準確預測的企業。MoBagel 客戶來自美國、日本、中國及台灣,涵蓋政府部門、電信業、零售業、製造業、金融保險業等領域,預計 2019 年營收維持倍數成長。

成立於新加坡、在大東南亞居於領先的限量潮牌運動鞋與服飾電商 Novelship (AW#16),在 2019 年完成規模 205 萬美元的種子輪募資,新資金將用來拓展香港、馬來西亞、印尼市場。

台灣第一家透過 App 即時媒合酒後代駕服務的 TWDD 台灣代駕 (AW#16),2019 年宣布獲得規模 130 萬美元的 A 輪募資。自從 2016 年正式上線後,至今已經服務超過 3 萬名顧客,累計達成 20 萬趟代駕服務,近兩年每月平均以兩位數的成長率持續發展。

推出全球第一款 AI 智慧寶寶攝影機的 Cubo (AW#16),繼 2018 年於群眾募資網站上架,創下 30 分鐘內集資破百萬、2 小時內破 300 萬、總金額突破千萬新台幣的好成績後,在 2019 年進一步完成 400 萬美元的 A 輪募資,持續衝刺全球第一名寶座。

台灣領先、專注於開發嵌入式軟體平台、打造 Hardware-as-a-Service 硬體孵化育成模式的 Soda Labs (AW#17),在 2019 年完成 200 萬美元的種子輪募資,通過與 OEM 大廠合作孵化電子硬體、開發嵌入式軟體和可擴展的商業模式,加快硬體創新的腳步。

AppWorks Funds 影響力大增:三檔創投基金總規模達 1.7 億美元

在 AppWorks Funds,同樣也有不俗的表現。2019 年,隨著台灣大哥大、富邦人壽、國泰人壽、緯創資通、宏泰集團、群益金鼎證券以及國發基金成為 AppWorks Fund III 的主要股東,累計 AppWorks 旗下管理的三檔創投基金,總資金規模為 1.7 億美元 (約 51 億新台幣),因此成為大東南亞區域內,較具規模的創業投資機構。

AppWorks Funds 近年,逐漸聚焦於 ABS (AI、Blockchain、Southeast Asia) 策略上,在 2019 年 AppWorks Funds 也完成 11 項投資案。包括開發 CryptoKitties (迷戀貓) 紅遍全球、以 Blockchain 提供新娛樂應用體驗的 Dapper Labs;提供 AI 驅動的家庭安全監控攝影網絡的 Deep Sentinel;以及來自印尼,打造線上學習平台的 HarukaEDU、推動革命性支付應用服務的 Infra Digital。在 AppWorks Funds 既有的投資案上,也有多家新創展現驚人的成長爆發力,包括晉身為獨角獸、在大東南亞超過 260 個城市提供共享快遞物流服務的 Lalamove;亞洲最大旅遊體驗平台 KKday 則持續保持每年三位數成長、月活躍用戶 (MAU) 高達 640 萬人。

AppWorks School 關鍵數字:91.6% 畢業學員順利轉任軟體工程師

人才是新創企業最重要的資產,為了因應新創以及網路企業對軟體工程師的龐大需求,同時也提供想投入數位、網路與電商產業的人才,重新快速學習與成長的機會。AppWorks 在 2016 年 6 月開辦 AppWorks School,現經營有 iOS、Android 與 Web 專班。透過免費、實作、高效、與業界結合的紮實培訓計畫,培育新一代的優秀工程師。

自 2016 年創辦以來,AppWorks School 已有 179 名學員順利畢業。其中 91.6% 成功在網路公司擔任軟體工程師,包括 momo 購物網、91APP、KKBOX、LINE TV、WeMo Scooter、LineTaxi、Hahow、VoiceTube、OmniChat 以及 Gogoro,起始年薪中位數近 70 萬新台幣,學員表現在業界也享有極佳口碑。AppWorks School 的成功模式,為所有想踏入數位產業的年輕朋友提供了一條最快速、有效的道路,也幫新創團隊和網路公司補足人才缺口。

AppWorks School 成立三年多來,已有 179 名畢業學員順利畢業,其中 91.6% 成功在網路公司擔任軟體工程師。

回顧 2019 年,AppWorks 董事長暨合夥人林之晨說:「2019 年是 AppWorks 大放異彩的一年。我們將與各界繼續一起合作、持續努力,為大東南亞的數位經濟浪潮貢獻更多力量,敬請期待我們 2020 年的表現。」不論是在 AppWorks 整體生態系、AppWorks Accelerator 校友、AppWorks Funds、AppWorks School 等各面向,2019 年都有遠優於往年的成果,代表歷經多年努力後,AppWorks 的飛輪效應正進入換檔加速階段。

歲末年終,趁此回顧機會,林之晨也代表 AppWorks 全體,對曾在 2019 年協助過 AppWorks 的各界夥伴致謝。他說:「衷心感謝所有給 AppWorks 機會、接受我們服務的創業者,也感謝所有熱情付出輔導新創的 AppWorks Mentors,還要感謝包括 Amazon、Microsoft、Google 等國際企業在內的平台夥伴,以及 AppWorks Funds 的投資人、創投業界先進,以及政府部門的夥伴們,在 2019 年給我們的支持和指導。最後,當然也要感謝媒體朋友們對 AppWorks 的照顧。2020 年,也請大家繼續和我們一起奮鬥、努力翻轉台灣與大東南亞。」

AppWorks Year in Review 2018: Onwards Towards a Smart and Decentralized Future

  • In 2018, AppWorks Accelerator narrowed its focus to recruiting only AI / blockchain startups
  • AppWorks Funds invested US$ 15M across 11 deals spanning AI, blockchain, EC & fintech
  • The AppWorks Ecosystem reached US$ 3.6B in valuation, encompassing 328 startups & 925 founders
  • AppWorks initiates the first wave of internal promotions, yielding 2 new partners & associates

For AppWorks, 2018 marked a critical juncture in our organization’s history. After 16 batches and 8 years of operations, AppWorks Accelerator decided to narrow its semi-annual intake of startups to accept only those working with AI / blockchain technologies starting from batch AW#17. Meanwhile, AppWorks Funds carried out the first of several investments into AI / blockchain startups out of our newly minted US$ 100M Fund III.

Just as mobile had completely transformed the status quo for companies and startups alike over the last decade, we believe AI and blockchain, while still nascent technologies, will set forth a similarly disruptive paradigm shift and define an entirely new era for industries in the years to come. As such, AppWorks has iterated upon several aspects of our organization this past year to elevate our community and help founders fully embrace a smart and decentralized future.

Our latest accelerator batch AW#17 was the first instance of this iteration, ultimately yielding 34 teams, 21 working with AI/IoT & 13 with blockchain/crypto. With the addition of the 29 startups from AW#16, AppWorks Accelerator graduated a total of 63 startups in 2018, with 38% hailing from countries outside of Taiwan including Hong Kong, Singapore, Malaysia, Vietnam, Belgium, Thailand, Sri Lanka, Sweden, and the US.

On the venture capital side, AppWorks Funds made 11 investments collectively worth US$ 15M in several promising startups operating on the forefront of technologies including Deep Sentinel, XREX (AW#17), 91APP, Carousell, EMQ, and Pickone (AW#9), while helping them raise a total of US$ 222 million across these rounds.

The AppWorks Ecosystem now counts 328 active startups and 925 founders in its network. These AppWorks startups are generating US$ 2.5B in total annual revenues, growing at 90% year-over-year, and have created 9,586 jobs, increasing by 67% from the prior year. They have raised US$ 806M from both AppWorks Funds and third-party investors, up 82% from last year, and together exhibit a composite valuation of US$ 3.6B, roughly a 127% uptick over the last 12 months.

Our efforts this past year have allowed AppWorks to achieve a new echelon of success and truly revitalized our position as the strongest founder community in Greater Southeast Asia—and there are perhaps no better indicators of that status than the recent milestones achieved by a few of our alumni. Ztore (AW#13) and AsiaYo (AW#12) both closed a Series B round amounting to US$ 8M and US$ 7M+ respectively to accelerate vertical expansion and international growth. Meanwhile, Nuwa Robotics closed a US$ 10M Series A Round and Origami Labs (AW#15) a US$ 2.6M Seed Round to fuel product development and jumpstart market traction. Opting for a more alternative form of financing, Mr. Living (AW#12) and Cubo (AW#16) carried out successful crowdsourcing campaigns, raising US$ 700K and US$ 350K respectively.

With the region’s startup ecosystem rapidly maturing, the demand for quality talent has never been greater. We started AppWorks School in 2016 to cultivate talents for today’s digital career while at the same time infusing quality new blood into the ecosystem. In 2018, AppWorks School graduated 49 newly trained developers through our 14-week free coding programs. 85% of these graduates went on to pursue successful software engineering careers in prominent Internet companies such as 91APP, KKBOX, CHOCO TV, PicCollage, and UDN Group, with an average annual salary of US$ 20,400. Currently, our curriculum offers iOS, Android, and web development tracks, and will soon tack on a data science track in anticipation of changing talent demands.

To say it’s been a productive year would have been an understatement. Tapping into the collective effort of each and every one of our team members, we successfully shifted our focus to AI / blockchain and made substantial strides in empowering founders across Greater Southeast Asia to fully embrace a smart and decentralized future. Executing such a strategy also accelerated our team’s growth. A few of our members have matured to a point where they are ready to shoulder more responsibilities and take on newer challenges. We are therefore happy to announce that as of today, our Associates, Jessica Liu and Andy Tsai, have officially been promoted to Partners, while our Analysts, Alyssa Chen and Ching Tseng, are now Associates.

Finally, we’d like to extend a special thanks to all of our partners and friends in the startup community and look forward to working together to strengthen the regional ecosystem even further in 2019.

Click here to check AppWorks 2018 Year In Review!

AppWorks 公布 2018 Year in Review 年終總回顧:生態系總估值突破千億新台幣;持續聚焦 AI、Blockchain,加速拓展大東南亞

正值歲末年終之際,成立邁入第九年的 AppWorks,公布 2018 Year in Review 年終總回顧專屬網站,展現過去一年的整體成果。在 2018,AppWorks Accelerator 創業加速器、The AppWorks Ecosystem 校友生態系、AppWorks Funds 創投基金,以及 AppWorks School 數位人才培育等面向上,AppWorks 都繳出亮眼的成績,持續結合各界資源,努力推升台灣成為大東南亞數位經濟的領航重鎮。

AppWorks 來說,2018 年達到多項重要里程碑。其中,大東南亞 (東協 + 台灣) 校友規模最大的創業加速器 AppWorks Accelerator,在八月進駐的 AW#17,是首屆限定招募 AI/IoT 或 Blockchain/Crypto 新創團隊,共有 34 組新創團隊通過海選,其中 21 支以  AI/IoT 為主,13 支以 Blockchain/Crypto 為主。這群潛力新創中,有曾擔任 eBay、HTC、華碩、Proofpoint (Nasdaq 上市公司) 高管,也有來自 Y-Combinator 的校友,顯示 AI 與 Blockchain 所帶來的典範轉移,正在全球各地上演,吸引更多優秀創業者投入。AppWorks Accelerator 也將持續限定招募這兩個領域的新創團隊,直到下一個更巨大的典範轉移出現為止。

2018 年首度限定招募 AI 與 Blockchain 的 AW#17 ,Demo Day #17 吸引外界廣泛關注,吸引超過 1,200 位投資人、業界代表出席。

在 2018,AppWorks Accelerator 吸引到更多國際新創前來台北進駐,持續扮演大東南亞領先的創業加速器。在 2018 年畢業的 AW#16、AW#17 共 63 支新創團隊中,38% 來自海外,包括香港、新加坡、越南、泰國、馬來西亞、斯里蘭卡、美國、瑞典、比利時等。兩屆團隊也分別在各自的 Demo Day 登場,展現豐沛且令人驚艷的創業實力,兩場 Demo Day,各吸引超過 1,200 位投資人、業界代表出席。

AppWorks 生態系:328 加活躍新創、925 位創業者、創造就業數 9,586 位

隨著 AW#16 與 AW#17 加入,以及加速器各個新創團隊校友們的努力,在 2018 年帶動 The AppWorks Ecosystem 校友生態系大幅成長。活躍新創累積至 328 家、共 925 位創業者,所有企業的加總年營業額來到 25 億美元 (約為 769 億新台幣),較 2017 年大幅成長 90%,創造就業數 9,586 位,年增高達 67%,生態系累積募資金額為 8.06 億美元 (約為 248 億新台幣),年增率達到 82%,總估值突破 36 億美金 (約為 1,107 億新台幣),較前一年大幅增加 127%。

此外,AppWorks Funds 2018 年完成包括 91APPCarousel 旋轉拍賣Deep SentinelEMQ 易安聯PickOne (AW#9)、Xrex (AW#17) 等共 11 個新創投資案,金額達 1,500 萬美金 (約為 4.66 億新台幣),並因此帶動高達 2.22 億美元 (約 68.93 億新台幣) 的總投資。

在人才培養方面,AppWorks School 軟體工程師培育計畫自 2016 年創辦以來,已有 106 名學員畢業,其中 85% 成功在網路公司擔任軟體工程師,為所有想踏入數位產業的年輕朋友提供了一條最快速、有效的道路,也幫新創團隊和企業補足人才缺口。

CHOCO TV 與 LINE 策略整合、Nuwa Robotics 進軍中國與日本

AppWorks 生態系 328 支團隊各自有其專精領域,包括 OTT (over-the-top)、電商、AI、IoT、共享經濟等領域,2018 年都有不凡的表現,其中,又以以下幾個團隊的成績最為突出:

2015 年正式營運的 CHOCO TV (AW#2),打造出在台灣擁有超過 200 萬月活躍用戶的串流影音服務,於 2018 年與 LINE TV 整併,同時推出全新 LINE TV 服務。此外,CHOCO TV 也於 2018 年完成 B 輪融資,由 NAVER 集團與日本 LINE Corporation 透過旗下 Mirai Fund 資金共同投資逾千萬美元,成為最大股東。

專攻 AI 陪伴機器人的 Nuwa Robotics (女媧創造,AW#10),2018 年完成 A 輪融資 1000 萬美元,並推出第一台 AI 機器人小丹在小米有品開賣,每台價格 1,999 元人民幣,開賣 10 分鐘就創下 34 萬元人民幣銷售成績,24 小時內銷售破千台,台灣版凱比同學也開放試賣,並宣布進軍日本。

Nuwa Robotics 打造的 AI 陪伴機器人「凱比同學」,已在台灣開賣。

香港電商平台 Ztore (AW#13),主打銷售香港品牌商品,2015 年創立曾寫下 24 個月超過 20 萬用戶的佳績。Ztore 在 2018 年完成 800 萬美元 B 輪融資,將用來提升各種營運系統,透過科技優化平台以及開發更多新服務,為用戶帶來更佳購物體驗。

台灣最大的特色旅宿訂房平台 AsiaYo (AW#12),已累積出 6 萬筆房源、30 萬位會員,2019 年完成超過 2 億新台幣(700 萬美元) 的 B 輪融資。AsiaYo 目前已完成英文、中文、韓文三種語系線上平台,預計 2019 年將完成日文版線上訂房。AsiaYo 擁有台灣、日本、韓國、香港、泰國等地房源,同時也將於 2019  年第一季啟動新加坡、馬來西亞等地房源,AsiaYo 的亞洲版圖日趨完整,將從東北亞一路延伸至東南亞。

來自香港的 Origami Labs (AW#15) 研發出的 ORII 聲控智慧戒指,是全球第一只採用骨傳導技術 (Bone Conduction) 的智慧戒指。2018 年 Origami Labs 完成 250 萬美元的種子輪融資,將用作擴展 ORII 的 B2B 業務、研發下一代的產品,以及提升產品的骨傳導技術。

傢具電商品牌 MR.LIVING 居家先生 (AW#12),標榜「去中間化」,跳過傳統產業鏈貿易商、批發商、中盤商等關卡,直接聯繫上游製造商,讓傢俱以市價 3 至 5 折的價格回饋給消費者。在 2018 年研發出適合台灣氣候的「恆溫冷凝記憶棉床墊」,並透過群眾集資創下超過 2,200 萬新台幣的佳績。

台灣最大共享空間平台 Pickone (AW#9),每月有超過 5,000 個活動透過 Pickone 舉辦,服務人數高達 10 萬人。2018 年,Pickone 完成 1,500 萬新台幣的種子輪融資,主要將用大幅擴建軟體團隊,進一步升級旗下場地租借市集 Pickone 挑場地、針對活動主辦人設計的管理平台 onEvent,並展開東南亞、東北亞拓展的初期工作。

推出全球第一款 AI 智慧寶寶攝影機的 Cubo (AW#16),產品在 2018 年於群眾募資網站上架,創下 30 分鐘內集資破百萬、2 小時內破 300 萬、總金額突破千萬新台幣的好成績。

AppWorks 是亞洲最早、最具規模的創業加速器,同時管理兩支創投基金共 18 億新台幣,以不同服務協助不同階段的創業者。先利用 Accelerator 與校友網路,協助新創團隊調整出符合市場需求的產品與服務、發展出可規模化的商業模式之後,AppWorks Funds 便會在適當的時機提供資金挹注,為這些蓄勢待發的明日之星提供加速成長所需的資源。

2018 年 AppWorks Funds 創投基金,超過一半金額投資大東南亞新創

2018 年,AppWorks 針對 AI 安全監控 Deep Sentinel、提供新零售及虛實融合解決方案的 91APP、新加坡行動電商平台旋轉拍賣 (Carousell)、台灣最大共享空間平台 Pickone、提供 FinTech 服務的 EMQ、以 Paas 或 SaaS 模式提供 Crypto 解決方案的 Xrex 等 11 個新創投資案,總金額達 1,500 萬美元,並進一步協助他們完成募資總金額達 2.22 億美元。值得一提的,是2018 年 AppWorks Fund 投資的 1,500 萬美元中,有超過一半是投資於來自大東南的國際新創團隊。

2018 年 AppWorks 宣布領投台灣最大共享空間平台 Pickone 規模 1,500 萬新台幣的種子輪融資。

人才是新創企業最重要的資產,為了因應創業生態系對軟體工程師的龐大需求,同時也提供想投入數位、網路與電商產業的人才,重新快速學習與成長的機會,AppWorks 在 2016 年 6 月開辦 AppWorks School,現經營有 iOS、Android 與 Web Class。透過免費、實作、高效、與業界結合的紮實培訓計畫,培育新一代的優秀工程師。

成立兩年多以來,截至 2018 年底,AppWorks School 已畢業 106 位學員,其中 90 位成功轉職,在 91APPKKBOXCHOCO TVPicCollageUDN Group 等知名網路企業中擔任軟體工程師,就職率高達 85%,薪資中位數比行情高出將近一成,學員表現在業界也享有極佳口碑。

AppWorks School 兩年多來,持續為台灣網路產業培養優秀的工程師人才。

回顧 2018 年,AppWorks 創辦合夥人林之晨說:「2018 年是 AppWorks 再聚焦與正式國際化的一年。」再聚焦指的是經營八年的 AppWorks Accelerator,自 2018 年中的 AW#17 起,限定招募 AI 或 Blockchain 相關的新創,鼓勵創業者好好掌握這兩個重要的典範轉移,同時提醒創業生態系更關注 AI 與 Blockchain 的發展趨勢;正式國際化則在於 AppWorks 佈局大東南亞,2018 年,總投資金額超過一半投資於來自大東南亞的國際團隊,兩屆的 Accelerator 進駐團隊,也有高達 38% 來自以大東南亞為主的國際團隊,持續推動台灣融入大東南亞地區正在高速發展的數位浪潮,並預計 2019 年三月進駐 AppWorks Accelerator 的新創團隊,將有五成以上為來自大東南亞的國際團隊。

在 2019 年初,為了加速推展各項業務,AppWorks 同時內部晉升包括兩位新晉合夥人 (Partner) 劉侊縈 Jessica、蔡欣翰 Andy,以及兩位新任投資經理 (Associate) 陳敬旻 (Alyssa)、曾意晴 (Ching)。蔡欣翰 Andy 將負責管理 AppWorks 創投基金,劉侊縈 Jessica 則將負責 AppWorks 在印尼當地的拓展。林之晨說:「AppWorks 將與各界一起合作、持續努力,敬請期待我們 2019 年的表現。」

趁此回顧機會,林之晨也代表 AppWorks 全體,對所有在 2018 年幫助 AppWorks 的夥伴表達感謝,他說:「衷心感謝所有給 AppWorks 機會、接受我們服務的創業者,也感謝所有熱情付出輔導新創的 AppWorks Mentors,還要感謝包括 Amazon、Microsoft、Google、Facebook 等國際企業在內的平台夥伴,以及 AppWorks Funds 的投資人、創投業界先進,以及政府部門的夥伴們,在 2018 年給我們的支持和指導。最後,當然也要感謝媒體朋友們對 AppWorks 的照顧。2019 年,也請大家繼續和我們一起奮鬥、努力翻轉台灣。」

AppWorks Accelerator 聯合尾牙,AppWorks 創辦合夥人林之晨與各新創團隊同歡。

AppWorks Launches Internal Promotion Track, Promoting Two New Partners and Associates

As of today, AppWorks has promoted two new partners, Jessica Liu and Andy Tsai, and two new associates, Alyssa Chen and Ching Tseng.

Jessica Liu graduated from the University of Southern California’s (USC) Marshall School of Business and has been working with AppWorks for nearly five years. She was responsible for several important AppWorks portfolio, including Carousell, the region’s leading C2C marketplace, ShopBack, the largest cashback platform in Greater Southeast Asia, KKday, the leading travel experience platform in Asia; and 91APP, one of the largest digital commerce enabler in Asia. Moving forward, she will be responsible for leading AppWorks’ expansion plans in Southeast Asia, with a particular emphasis on Indonesia.

Andy Tsai, another new partner, has more than 10 years of venture capital experience with leading firms such as the CID Group and China Development Industrial Bank, Before joining AppWorks in 2018, and will now lead the management of AppWorks Funds.

Newly promoted Associate Ching Tseng will be mainly covering the region’s burgeoning blockchain ecosystem, while the other newly promoted Associate Alyssa Chen will continue spearheading AppWorks Accelerator.

With these promotions, we’ve marked a new milestone in AppWorks history. This the first time that AppWorks partners have been promoted from within. Moreover, at 30 years old, Jessica is the now youngest partner at AppWorks. The two new associates, Alyssa and Ching actually started their careers at AppWorks together as interns in college, joined full-time as Analysts after graduation and are now ready to tackle the next stage in their careers.

The founding partner of AppWorks Jamie Lin said, “I’ve been looking forward to this day for a long time. Congratulations to Jessica, Andy, Alyssa and Ching. I hope that you will continue to train the next generation and enable AppWorks to create an even bigger impact in the next 10 years.”

Andy Tsai (left), Jessica Liu (right) become the first internally promoted partners at AppWorks since its inception

This is the first time AppWorks has carried out internal promotions since our establishment in 2009. It not only demonstrates our ability to cultivate quality talent from within, but also puts in place an institutionalized system for aspiring junior VCs seeking long-term career development and upward mobility. We recognize that the younger generation is the region’s lifeblood and will be largely responsible for taking the startup ecosystem both in Taiwan and SEA into its next phase of development. This is why we’re looking for similarly like-minded and passionate individuals to come on board as Associates and Analysts at AppWorks—both of which are paid according to their professional experience and performance.

AppWorks Associates’ salary range for 2019 will hover between US$ 73K and US$ 140K, whereas Analysts’ will range from US$43K and US$83K. The salary is complemented by benefits including unlimited vacation days, flexible working hours and location, an annual full-body health check, and an annual company retreat, among other perks.

We believe talent is the most important asset of 21st century enterprises, and this mantra is not merely a slogan, but a core pillar of our DNA. In addition to competitive compensation, we are committed to creating an environment where decisions are open, transparent, and consensus-driven. Every single AppWorks colleague has equal say in pending discussions and prospective resolutions, from the operation of AppWorks Accelerator to investment decisions to overall company policies. Team members are not confined to the boundaries of their job title or description and are encouraged to provide insight into or communicate differing opinions on any matters of interest to them.

Newly minted partner Jessica remarks, “AppWorks is not just a startup accelerator, but also an employee accelerator. Looking back at AppWorks over the past five years, I constantly found myself in the face of new challenges and hurdles, forcing myself to learn and grow at an accelerated pace. I am very pleased that the company has welcomed me into the partnership and entrusted me with more responsibility. I look forward to continue helping entrepreneurs achieve their ambitions, as well as leading the AppWorks team forward into the future.”

Our team members were not only the only ones to experience substantial growth. By the end of 2018, the AppWorks Ecosystem encompassed a total of 328 active startups and 925 founders. Collectively, all companies generated an annual turnover of US$ 2.5 billion, increasing 90% over the same period last year, while creating 9,586 jobs, an annual increase of 67%. The cumulative amount of funds raised was US$ 806 million, growing 82% YoY, with a total valuation exceeding US$ 3.6 billion, a significant uptick of 127% compared to 2017.

Looking forward to 2019, AppWorks Accelerator will continue driving the exploration and adoption of AI / blockchain technologies among Greater Southeast Asia’s emerging startups through our 6-month equity-free AI/ blockchain accelerator. Meanwhile, AppWorks’ US$ 100 million Fund III will complete its first closing in 1Q19, equipping us with the necessary resources to tap into the next phase of growth in SEA. Finally, with the new internal promotions and initiatives set in stone, we look forward to becoming an influential platform for more young, outstanding talent to amplify their impact. “Welcome to join us and write the next chapter of Greater Southeast Asia’s digital economy,” comments Jamie.