Taiwan's AppWorks to make first close of fourth fund this month

Taiwan's AppWorks to make first close of fourth fund this month

Team of Taiwan-based venture capital firm AppWorks. Source: AppWorks

Taiwan-based venture capital (VC) firm AppWorks is looking to make the first close of its fourth flagship fund at about $200 million as early as this month, its top executives told DealStreetAsia in an interview.

The total corpus that the firm is targeting to raise by mid-2023 is $360 million, even as the global economic uncertainty has slowed down the overall fundraising activity of several investors – both in the private equity (PE) and VC space.

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