Investments

We know you have a choice. We want you to choose us.

As ex-founders ourselves, we know how important it is for a startup to have VCs that really help – investors who advise, open doors, guide strategies, provoke thinking and help with recruiting, but never cross the line into micromanagement.

We know that money is money, and it is the right investors that make a difference.

We know VCs who already have a working relationship with you make the best investors.

We know that strong founders have a choice, and we want to bring much more than money to the table so that you’ll choose to work with AppWorks.

Jamie Lin

Chairman & Partner / AppWorks
Chairman & Partner

AppWorks Funds at a glance

  • US$ 170 million under management
  • Invest from $200K to $10M per deal
  • Participate in Series Seed to Series-C rounds
  • Finance 10-15 deals a year
  • Will reserve funds to support your future financing
  • Comfortable both leading and following
  • Aim to keep dilution at 10-20% per round for you
  • Prefer joining your Board as a Director or an Observer
  • Will integrate you into the AppWorks Network and help you gain the full benefits
  • Will leverage our in-house Masters Team to help you with public relations, recruiting, finance, accounting, legal matters as well as technology adoption and roadmaps

How to raise from AppWorks

Seed Round

If you’re raising a seed round, we encourage you to first apply to AppWorks Accelerator and take advantage of the many resources offered to our early-stage founders throughout the 6-month program.

Series-A to -C Round

If you’re raising a Series-A to -C round, it’s easiest to reach us through a warm introduction – but if you don’t know anyone in our network, you’re still more than welcome to email us at a@appworks.tw.

Series-D or Later Round

If you’re raising a Series-D or later round, you should still feel free to reach out to us, but please bear in mind that our fund might end up being too small to participate in your deal.

Below is a list of startups that have selected AppWorks as their VC partner:

Founded in 2009, 17Life is the second-largest O2O platform in Taiwan, working to meet consumers’ lifestyle needs through home delivery and coupon group purchases. The company also leverages its O2O capabilities as a player in the cross-channel ecosystem, collaborating with major companies such as ShinKong Mitsukoshi, FamilyMart and Lion Travel. AppWorks first funded 17Life in 2016 leading Series A.

Website

17LIVE Group was founded in 2017 by Jeffrey Huang, Founder of 17 Media, and Joseph Phua,  Founder of Paktor. 17 Media and Paktor merged in 2017 to form 17LIVE Group.  17Live Group’s flagship product, 17Live, is a leading live streaming and social entertainment platform in Japan, Taiwan and many other markets in the world.  It leverages real-time interaction, live streaming, among other technologies to bring entertainment, games, e-commerce, and other services to the market. 17LIVE has more than 50 million users around the world with up to tens of thousands hours of content streamed live everyday. (AppWorks first funded 17LIVE in 2015 participating in Series Seed.)

Website  |  App

91APP is a leading omni-channel retail storefront software-as-a-service (SaaS) provider in Taiwan and Southeast Asia. The company provides a SaaS platform that enables retailers and consumer goods producers alike to quickly develop high-quality branded apps, mobile-friendly websites, as well as O2O capabilities. 91APP was founded by Steven Ho, a serial entrepreneur who has helped found 16 successful ventures related to e-commerce. 91APP is now used by more than 1,000 retailers, including FamilyMart, Studio A, Q Square and StayReal. (AppWorks first funded 91APP in 2014 leading Series A.)

Website  |  Facebook  |  Career  |  News

Founded by a team with a passion for new mobility, Beam is focused on expanding personal transportation options in Asia. Beginning first with e-scooter sharing, Beam will provide urban residents the opportunity to take ownership of their mobility options, while improving accessibility of cities via better first / last mile connectivity. A Beam trip allows you to move efficiently, reduce your environmental footprint, and have fun as you go from here to there – how you want and when you want. (AppWorks first funded Beam in 2020 participating in Series A.)

Website | LinkedIn | Facebook

Carousell is a classifieds marketplace that makes selling as easy as taking a photo, buying as simple as chatting. Launched in August 2012, Carousell began in Singapore and has spread to 19 cities around the world. With over 158 million listings, we are one of the world’s largest and fastest growing marketplaces. Carousell has been ranked as the top Lifestyle and Shopping app in Singapore, Taiwan, and Hong Kong, and is backed by Rakuten Ventures, Sequoia India, 500 Startups, Golden Gate Ventures, DBS and EDBI. In Taiwan, Carousell has a diverse range of products in 34 categories, including women’s fashion, beauty products, and lifestyle gadgets. (AppWorks first funded Carousell in 2018 participating in Series C.)

Website  |  Download the app for iOS or Android

Dapper Labs is known for creating CryptoKitties, the popular crypto-collectibles game. The company operates with the mission of creating unique entertainment experiences on blockchain. Dapper Labs is building an ecosystem around its Dapper Wallet, and chain called Flow –  a new consumer-oriented public chain  enabling decentralized applications at scale. Early social gaming experiences based on Flow include NBA Top Shot and Cheeze Wizards.  (AppWorks first funded Dapper Labs in 2019.)

Website | LinkedIn

Dcard is a fast-growing forum-based social platform with tens of millions of monthly active users and high popularity amongst college students and recent graduates. Headquartered in Taiwan, Dcard provides a quasi-anonymous environment that allows users to discuss all kinds of topics freely and securely. With its high penetration among younger demographics, important discussions on Dcard are often picked up by the mainstream media and create sizable influence on the society. Dcard continues to expand across Asia. (AppWorks first funded Dcard in 2020 leading Series C.)

iOS | Android | Career

Deep Sentinel is a pioneer in AI-based home protection. The company’s intelligent crime prevention transforms home security from false alarms and ineffective after-the-fact crime alerts to real-time crime prediction and prevention. With Deep Sentinel, Americans can gain a reliable, cost-effective way to protect their homes and stop a burglary, mail theft or driveway break-in before it happens – and feel dramatically safer at home, at work and on vacation. (AppWorks first funded Deep Sentinel in 2018 participating in Series A.)

Website

EZTABLE is a restaurant-booking platform that enables fast, simple online restaurant bookings for everything from family gatherings to celebrating important holidays. Booking through EZTABLE helps to avoid crowds, waiting in line, or struggling to find a table. EZTABLE now partners with nearly 8,000 F&B outlets, and has helped make more than 18 million reservations. (AppWorks first funded EZTABLE in 2010 leading Series Seed.)

Website  |  Facebook  |  Career

EMQ

Headquartered in Hong Kong, EMQ is a financial technology startup that is building a financial network across Asia with a focus on safe, quick, and cheap remittance. With a footprint across Hong Kong, Taiwan, Indonesia, Vietnam and the Philippines, the company partners with financial institutions, regulatory authorities, and other strategic partners in each country to enable and settle cross-border remittance via banks, while offering various modes for top-up and last mile delivery for a hassle-free experience. (AppWorks first funded EMQ in 2017 participating in Series A.)

Website  |  Facebook  |  Career

Fabelio is Indonesia’s leading online home & living brand. It offers affordable designer furniture to the new generation digital-native Indonesians. Combining both online channels and offline experience centers, Fabelio strives to cultivate an unparalleled shopping experience for customers.They aim to “furnish happiness” in millions of homes across Indonesia and Greater Southeast Asia. (AppWorks first funded Fabelio in 2020 leading Series C.)

Website  |  LinkedIn

Founded in 2013, Fandora Shop is the largest online seller of illustration merchandise in Taiwan, collaborating with over 1000 illustrators, designers, and artists to offer original lifestyle products directly to consumers. The company has now sold over 140,000 items. In 2016, the company also launched PetPetGo, a website dedicated to providing top-quality pet food and goods. (AppWorks first funded Fandora in 2014 leading Series A.)

Website  |  Facebook | News

Founded in 2008, FashionGuide (FG) is Taiwan’s leading fashion and beauty social networking site. It also provides integrated marketing services for major Japanese, American, and European international fashion and cosmetic brands. FG has also become the sole cosmetic product certifier in the world. Among thousands of cosmetic products evaluated by FG’s market research teams, only 360 have received the FG seal of excellence. In addition, FG also maintains several highly-popular private label makeup brands, such as 1028. (AppWorks first funded FashionGuide in 2016.)

Website  |  Facebook

Established in 2013, HarukaEDU aims to provide a brighter future for Indonesians through quality, affordable, accessible, and sociable online education targeted at both individuals and companies. In partnership with leading universities and course partners, the company’s turn-key solution covers all key elements required to launch and manage successful online learning and degree programs, such as digital courseware and study materials, IT infrastructure, operations and efficient investment. They also established Pintaria.com, Indonesia’s first online/blended degree portal for working adults who want to find flexible and affordable degree programs, as well as upskilling training programs. (AppWorks first funded Haruka in 2019 participating in Series C.)

Website  |  Facebook  |  LinkedIn

Headquartered in Taiwan, iCHEF is an international technology company providing services aimed at making restaurants smarter businesses. iCHEF provides iPad-based POS applications as well as community networking and social media platforms for restaurateurs. iCHEF now serves over 2400 restaurants in Taiwan, Hong Kong, Singapore, and Malaysia. The iCHEF app has won the Germany 2016 iF Gold Award and the Japanese Good Design Award.  (AppWorks first funded iCHEF in 2016 leading Series A.)

Website  |  Facebook  |  News

InfraDigital is a startup based in Indonesia that aims to digitize finances for educational institutions by providing a state-of-the-art SaaS solution for school financial operations, enabling schools to go cashless and to offer parents with the most convenient online tuition payment options. With banking partners on its platform, InfraDigital also helps schools optimize their cash flow by enabling access to financial products. (AppWorks first funded InfraDigital in 2019 leading Series Seed.)

Website | LinkedIn

Founded in June 2014, Intowow Innovation is devoted to the fundamental innovation of mobile video advertising. Intowow is focusing on developing an AI-driven video platform in order to provide latency-free premium ad experiences to consumers and also increase publishers’ monetization. Intowow is working with global publishers throughout the world, including in China, Hong Kong, Japan, Korea, Australia, Europe, U.S., India, and Southeast Asia. (AppWorks first funded intowow in 2017 leading Series A.)

Website

Launched in 2014 and headquartered in Taiwan, KKday is the leading e-commerce platform that enables users to connect with local tour operators from all over the world. KKday has curated more than 6,000 worldwide experiences from professional providers and unique local experts to integrate authentic experiences as the centerpiece of traveling. (AppWorks first funded kkday in 2016 leading Series A.)

Website  |  App  |  Facebook

Lalamove is a logistics company specialized in facilitating on-demand deliveries in Asia by matching users and drivers in real time. Widely known as “Uber for logistics,” Lalamove routes delivery requests to drivers who use their own vehicles, providing high-quality and whole-car delivery in a convenient way. Customers are able to find a driver to deliver their goods via app or web 24/7. Drivers are able to get more orders than when working in the traditional logistics industry. In just three years, Lalamove has become one of the leading logistics companies in the region. (AppWorks first funded Lalamove in 2015 participating in Series A+.)

Website  |  App  |  Facebook  |  Career

UrMart is a digital select shop that provides nutrition supplements and healthy groceries for modern shoppers in Taiwan. UrMart also crafts a wide range of private label products of their own, catering to the ever changing lifestyle of health conscious millennials. (AppWorks first funded UrMart in 2016 leading Series Seed.)

Website  |  App  |  Facebook  |  Career

NewsLeopard is an electronic direct mail (EDM) platform designed to increase the ROI of e-mail marketing. Built for digital marketers, the platform is easy to use even for those not familiar with coding. The backend system automatically collects and analyzes reader behaviors to help users find the best time to send e-mails, generating industry-leading open rates. The #1 EDM platform in Taiwan, NewsLeopard now serves more than 5,000 clients. (AppWorks first funded NewsLeopard in 2016 leading Series Seed.)

Website  |  Facebook

Omnichat is an omni-channel messaging platform designed to help businesses implement marketing automation, achieve higher conversion rates, and increase their sales and customer service efficiency. It integrates well-known messaging channels including proprietary web chat, Facebook Messenger, LINE, WhatsApp Business API, WeChat, and more. Omnichat was founded in 2017, is headquartered in Hong Kong, and serves thousands of clients across Asia including Taiwan, Hong Kong, and Malaysia. (AppWorks first funded Omnichat in 2020 leading Series Seed.)

Website  |  Facebook  | LinkedIn

Pickone is a shared-space platform that has helped over a million customers find venues for work, meetings, and hosting all kinds of events, while simultaneously maximizing utilization for space owners. Pickone has expanded their service offline through Treerful, which has over 100 shared spaces providing self-service, auto management, and IoT-enabled venues. Treerful designs their spaces for a multitude of purposes in order to accommodate different settings and enhance customers’ experiences. (AppWorks first funded Pickone in 2018 leading Series Seed.)

Website  |  Facebook | LinkedIn | Career

ShopBack is leading the wave of smarter shopping in Greater Southeast Asia (GSEA), offering a one-stop lifestyle portal that powers smarter purchase decisions for consumers. Today, ShopBack is the dominant player in GSEA’s ecommerce cashback shopping market, with an established presence in Singapore, Malaysia, Indonesia, the Philippines, Thailand and Taiwan, collectively closing 1,000 orders per hour.
ShopBack enhances shopping by providing up to 20% cashback for consumers to boost their purchasing power while providing cost-effective marketing solutions for merchant partners. (AppWorks first funded Shopback in 2017 participating in Series A.)

Website  |  Facebook

Tagtoo offers a platform enabling e-commerce merchants to automate display and optimization of advertising. Tagtoo uses advanced data analytics to understand consumer behaviors and display personalized ads, creating higher advertising returns for customers. (AppWorks first funded Tagtoo in 2012 leading Series Seed.)

Website  |  Facebook

Umbo CV is an artificial intelligence company developing cloud-first smart security systems for enterprises. Umbo CV aims to improve operational efficiency and reduce the cost of ownership for businesses by bringing the entire end-to-end experience from offline to online. Umbo CV’s products and services have been installed in a wide variety of places, ranging from small offices, local stores, hotel franchises to large national retailers, city surveillance, school districts, warehouses, major transportation facilities and more. (AppWorks first funded Umbo CV in 2016 leading Series Seed.)

Website

Launched in 2016 in Taipei, WeMo Scooter is the largest and most established on-demand electric scooter rental service in Asia. With live tracking features, 24/7 customer service, and insurance for all users, WeMo takes care of the small things to provide a safe and hassle-free experience for riders. Each scooter is also equipped with an IoT smart black box and multiple data sensors that generate valuable data to drive urban transportation reforms and environmental policies. WeMo’s vision is to become Asia’s leading Mobility-as-a-Service provider, creating an innovative rental transportation experience, while facilitating the transition to smarter and greener cities across the region. (AppWorks first funded WeMo Scooter in 2020 leading Series A.)

Website  |  LinkedIn  | Career 

XREX helps blockchain-focused companies save time and money on product development, production maintenance, security, scalability, and compliance. They offer a compliant, secure, and scalable stack of PaaS and SaaS for organizations that are building and running crypto markets (spots, futures, options), market-making, banking, custodial services, wallets, clearance & settlement proxies, payment gateways, value transmission services, or decentralized apps. The startup is led by a team of successful serial entrepreneurs that formerly hail from Armorize Technologies, a cybersecurity firm which they built from the ground up and eventually sold to NASDAQ-listed Proofpoint. (AppWorks first funded XREX in 2018 leading Series Seed.)

Website

Yummy Corp is an Indonesia-based cloud kitchen company focused on using the latest technology to develop scale-as-a -service solutions for F&B brands. The company has served over 5 million meals since its founding in 2017 and is now the largest cloud kitchen operator in Indonesia with over 70+ kitchens serving more than 50+ brand partners to manage their daily F&B operations. (AppWorks first funded Yummy Corp in 2020 participating in Series B.)

Website  | LinkedIn

Below is a list of startups that we have exited:

Uber_exit2
e_pickon
e_choco
e_kuobrothers
e_net
exit_ihealth
exit_luxjoy
e_goodlife
e_richi
e_techo
e_retro
e_5945
e_patisco
e_recactus
e_uitox
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