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.
AppWorks Funds at a glance
- US$ 212 million under management
- Invest from $200K to $15M per deal
- Participate in Series Seed to Series-C rounds
- Finance up to 20 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
- Have so far bred 5 IPOs, 4 IEOs,1 hectocorn, 2 decacorns, 5 unicorns and 4 centaurs
How to raise from AppWorks
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 email@example.com.
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.)
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. (AppWorks first funded 17LIVE in 2015 participating in Series Seed.)
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.)
Founded by serial entrepreneur Yat Siu, Animoca Brands is known as the leading developer and publisher of blockchain games including Formula 1 Delta Time, MotoGP™ Ignition, and traditional games based on popular global brands including Marvel, WWE, Power Rangers, and Doraemon. Animoca Brands also owns an expansive portfolio of more than 50 investments in NFT-related blockchain companies, with the overall aim of revolutionizing digital property rights for gamers. (AppWorks first funded Animoca in 2021.)
Founded by Jesse Lee in 2018, Basic.Space is a marketplace designed for the modern consumer that values curation, sustainability, and authenticity. The platform serves as a backdrop for tastemakers to showcase elements that make up their lifestyle, promoting a wide range of merchandise from fashion and furniture pieces to physical and digital art collectables. Basic.Space partnered with Naomi Osaka and her sister Mari Osaka as a curator to launch its first NFT collection “The Colors of Naomi Osaka” in 2021 and will continue to embrace new mediums to serve tastemakers across the world. (AppWorks first funded Basic.Space in 2021.)
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.)
Founded by Hsuan Lee and Edwin Yen in 2019, Blocto (AW#19) is an integrated crypto wallet that allows users the ease of logging in with just their emails and biometrics, safely store cryptocurrencies, seamlessly launch 3rd-party dApps, and trade NFTs—all through a carefully crafted user experience that matches state-of-the-art app designs. Blocto supports multiple blockchains, including Flow, Ethereum, BSC, and Solana and is the most popular wallet amongst Flow token holders. (AppWorks first funded Blocto in 2021.)
Carousell is a classifieds marketplace that makes selling as easy as taking a photo and buying as simple as chatting. Launched in 2012, Carousell began in Singapore and has spread to dozens of cities worldwide. With hundreds of millions of listings, they 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. (AppWorks first funded Carousell in 2018 participating in Series C.)
Dapper Labs is the creator behind NBA Topshot and the Flow blockchain. The company is on a mission to create unique entertainment experiences using technologies including NFT and help creators and brands better engage with fans around the world. Dapper Labs has partnered with NBA, NFL, LaLiga, Warner Music Group, UFC and many other world-class IP owners. (AppWorks first funded Dapper Labs in 2019.)
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.)
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.)
Docosan was founded by Beth Ann Lopez in Ho Chi Minh City, Vietnam, in 2020. Docosan seeks to bridge Vietnam’s worsening gap between rising middle class and affordable private hospitals and clinics by building a healthcare marketplace that lets patients compare providers across a wide range of specialties, book appointments online 24/7, chat with primary care assistants, and more. On the provider side, Docosan offers them an easier mechanism to manage patients and massively expand their client bases. Docosan’s vision is to bring the same amount of ease and transparency digital marketplaces foster in other industries to healthcare. (AppWorks first funded Docosan in 2021 leading Series Seed.)
Founded by David Gunawan, Ramavito Mountaino, and Febrianto Gamal, Eden Farm is a fast growing B2B agritech startup in Indonesia. Their mission is to eliminate the burgeoning nation’s supply chain inefficiencies for fresh produce, creating a stable and affordable food supply for everyone. The three co-founders have demonstrated strong execution by delivering superior fulfillment with minimal waste compared to traditional and modern peers. Eden Farm now serves a wide range of clients including street vendors, wet markets, chain restaurants, and e-grocery companies. (AppWorks first funded Eden Farm in 2021 leading Series A.)
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 1,500 F&B outlets, and has helped make more than 18 million reservations. (AppWorks first funded EZTABLE in 2010 leading Series Seed.)
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.)
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.)
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.)
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.)
Founded in Canada in 2018, Figment is one of the largest web3 infrastructure providers. They offer enterprise-grade staking-as-a-service for institutional token holders and custodians, as well as middleware and application layer solutions for developers such as their developer platform DataHub and block explorer Hubble. (AppWorks first funded Figment in 2021.)
Established in 2013, HarukaEDU aims to provide a brighter future for Indonesians through a blended online-offline education targeted at both individuals and companies. In partnership with leading universities and course partners, the company’s turn-key solution covers all the key elements required to launch and manage successful online learning and degree programs, such as digital courseware and study materials, learning management systems, and student acquisition. (AppWorks first funded Haruka in 2019 participating in Series C.)
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 8800 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.)
Founded by James Vuong, Infina aims to be the leading all-asset class investing app for retail investors, a.k.a. the Robinhood of Vietnam. With Infina, investors can trade stock on the Ho Chi Minh City Stock Exchange or invest in mutual funds, CDs, or money markets. The founder, James Vuong, is a serial tech entrepreneur, angel investor, and former VC and Kauffman Fellow. Prior to Infina, James built multiple successful forums under Lana Group, which was later acquired by LINE Corp. (AppWorks first funded Infina in 2022 participating in the SAFE round.)
InfraDigital is a startup based in Indonesia that aims to connect schools to digital services by providing a free platform to digitize data and documentation. Among other services, they 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.)
Founded in June 2014, Intowow Innovation is devoted to the
innovation of advertising. Intowow is focusing on developing an AI-driven 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.)
Founded by Jimmy Petrus, iSeller is a leading omnichannel SaaS provider in Indonesia. Jimmy is an entrepreneur with over 15 years of experience in software engineering. In 2003 he started his first company, Intersoft Solutions, a software development house that had been trusted by global names like Citi, Microsoft, and others. Intersoft Solutions evolved into iSeller in 2017. iSeller provides a holistic platform that enables merchants to synchronize their management and operations of both offline and online businesses, including payment and logistics operations. iSeller is now adopted by over 15,000 retailer outlets in Indonesia. (AppWorks first funded iSeller in 2021 leading Pre-Series B.)
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.)
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. (AppWorks first funded Lalamove in 2015 participating in Series A+.)
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.)
Founded by Joseph Djenandji and Matthew Balazsi in 2021, Mint opens the world of NFTs to a larger audience by making every step of the process accessible. Merchants can easily create a fully-branded environment, capturing the entire customer journey from buying to selling NFTs using familiar channels such as Shopify. Mint has already helped several leading brands including the Chicago Bulls, Charlotte Hornets, and NBA G league build their own NFT experience and deeper fan engagement. (AppWorks first funded Mint in 2021 leading the SAFE round.)
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.)
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.)
Founded by T Fuad, a serial entrepreneur with multiple successful exit experiences, Pace is the fastest-growing multi-territorial fintech solutions company from Singapore with a mission to democratize financial services across Asia. Its “Buy Now Pay Later’’ (BNPL) solution for offline and online merchants matches customers with appropriate spend limits and allows them to split their purchases over three equal interest-free payments. Pace currently operates in Singapore, Malaysia, Hong Kong, and Thailand. (AppWorks first funded Pace in 2021 participating in Series A.)
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 Happ, which has over 190 shared spaces providing self-service, auto management, and IoT-enabled venues. Happ 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.)
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, Australia, Taiwan, Korea, Malaysia, Indonesia, the Philippines, Thailand and Vietnam.
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.)
SoopahGenius is the creator of Catapult, an AI-powered video creation platform for live streamers and their communities. Catapult drastically improves the video editing experience for streamers and editors through model-based technology that enables them to find key moments and create compelling content from the gigabytes of raw material in their streams. (AppWorks first funded SoopahGenius in 2021)
Splinterlands is a decentralized digital collectibles trading card game based on blockchain technologies. It was founded by Matthew Rosen and Jesse Reich in 2018. Within 3 years of launching, Splinterlands has grown to become the blockchain game with the most players globally and enjoyed by players in 9 languages across the web, App Store, and Google Play. (AppWorks first funded Splinterlands in 2021 participating in their Private Token Sale.)
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.)
Founded by Son Tran in 2010, Tiki has grown over the past decade to become Vietnam’s leading integrated digital retailer. Much like its international peers such as Amazon and JD, Tiki operates an end-to-end commerce platform integrating online and offline retail and its own warehouse and logistics network to serve millions of Vietnamese customers and empower brands and merchants as they transform digitally. (AppWorks first funded Tiki in 2021.)
Founded by Ajay Gopal in 2019, Tinvio helps merchants streamline order and invoice management with their suppliers via a frictionless chat-led interface. The Tinvio platform also speeds up payments and reconciliations, reduces late payment costs, and unlocks financing options for their customers. Tinvio is currently available in multiple markets and languages across Greater Southeast Asia, including Indonesia, Thailand, Singapore, and Hong Kong. (AppWorks first funded Tinvio in 2021 leading Series A.)
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.)
Founded in 2016 in Taipei, WeMo Scooter provides on-demand electric scooter rental service in Asia. With live tracking features, 24/7 customer service, and insurance for all users, WeMo provides 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 aims to become the 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.)
Founded by Daniel Podaru in 2020, VIV3 has built the first global NFT marketplace on the Flow blockchain, and is on a mission to turn the most valuable creations into long-lasting digital assets that anyone can own and trade. (AppWorks first funded VIV3 in 2021 leading Series Seed.)
Founded by Wilson Huang in 2021, XY.Finance (AW#20) is a one-stop cross-chain aggregator for DeFi and Metaverse. It aims to facilitate seamless and secure transfers of on-chain assets, including tokens, NFTs, and more, across all blockchains with just a few clicks. This is achieved by aggregating DEXs via X swap while maintaining swap efficiency through Y pool’s liquidity pool. XY.Finance supports multiple blockchains including Ethereum, Binance Smart Chain, Polygon, and Fantom. (AppWorks first funded XY.Finance in 2021.)
XREX helps merchants in emerging economies accelerate international transactions by facilitating digital asset transfer, banking and trading using their secure exchange infrastructure, and also offers cryptocurrency exchange and wallet services. The startup is led by a team of successful serial entrepreneurs who previously founded 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.)
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.)
Below is a list of startups that we have exited: