AppWorks has successfully closed its fourth flagship fund, raising $165 million and bringing its total funding to $386 million. This latest round saw participation from three major pan-Asian sovereign LPs: Taiwan's National Development Fund, Malaysia's Jelawang Capital, and South Korea's KVIC, marking their first involvement. Other investors included Fubon Life Insurance, Taiwan Mobile, Wistron, Phison, and E Ink. Founded in 2009, AppWorks has developed an ecosystem of over 2,000 founders and 653 active startups, with a recent focus on AI and Web3. The fund will target early-stage investments, particularly in emerging Asian markets, and has already backed notable companies like Lalamove, Animoca, and Flow. Over 70% of its latest accelerator projects originate from outside Taiwan.