AppWorks Launches $ 150 Million Venture Fund Focused on Blockchain and AI

Taipei-based venture capital firm AppWorks has announced the announcement of its third-largest company, AppWorks Fund III. Originally scheduled to raise $ 100 million, it has now announced $ 150 million. Investors include Taiwan Mobile, Qiyuan Investment, and Fubon Life Insurance. , TransGlobe Life, Hongtai Group, Wistron, Cathay Pacific, Phison Electronics, etc., focus on the introduction of blockchain and AI, and mainly focus on Asian start-ups. AppWorks manages a total of $ 212 million in assets and is looking for new vendors and analysts. Managing director and founding partner of the company, Jamie Lin, said the oversubscribed listing benefited from the performance of its second fund, Fund II, with a return of 3.3 times after expenses were deducted. AppWorks blockchain investments include Dapper Labs, Animoca Brands, and Splinterlands. (Technological growth)