AppWorks

AppWorks, based in Taipei, is the largest startup accelerator in Greater Southeast Asia, having launched its program in 2010 to assist Internet startups in optimizing their products and business strategies. The accelerator invites promising startups in fields such as AI, IoT, Blockchain, and DeFi every six months, contributing to an extensive alumni network of 395 startups and 1,331 founders. Collectively, these startups generate annual revenues of approximately $8.05 billion, provide over 17,000 jobs, and hold a combined valuation of around $11.07 billion. In addition to its accelerator program, AppWorks manages $170 million in venture capital funds, focusing on seed to Series C investments across various sectors, including technology, financial services, consumer goods, and logistics in Taiwan and Southeast Asia.

Joseph Chan

Partner

Anne Chen

Investor Relations Manager

Nice Cheng

Partner

Jamie Lin

Partner

TzuPu Lin

Associate

Jessica Liu

Partner

Andy Tsai

Partner

Past deals in Indonesia

Travelio

Series C in 2023
Travelio is an online short-term home rental marketplace that provides apartments, villas, and houses. Its platform allows its clients to reserve and choose houses, villas, and apartments online. Travelio was founded in March 24, 2015, by Christine Amanda, Christina Suriadjaja, and Hendry Rusli.

EdenFarm Indonesia

Series A in 2023
Eden Farm deliver fruit, vegetables and dry goods to restaurants in Indonesia. We work directly with local farmers and central markets all across the country.

NOBI

Seed Round in 2022
Nobi provides a cryptocurrency investment platform designed with multiple product offerings for users worldwide. Its mission is to make it easy for people to own crypto and earn yields. The company was founded in 2017 and is headquartered in Jakarta Barat, Indonesia.

EdenFarm Indonesia

Series A in 2021
Eden Farm deliver fruit, vegetables and dry goods to restaurants in Indonesia. We work directly with local farmers and central markets all across the country.

Yummy Corp

Series B in 2020
Yummy Corp is a cloud kitchen management and online catering company that operates a network of delivery-only kitchens. It offers delicious, fresh, and creative food solutions for everyday corporate and group needs and provides food facility management and their signature MICE catering, delivering customers experience while helping them manage costs. Yummy Corp’s cloud kitchen service Yummykitchen, launched in 2019, is a full-service Indonesian cloud kitchen operator, renting out shared kitchen spaces and undertaking operations for the company’s partner brands. The company rents space to existing food and beverage brands, providing them kitchen infrastructure as well as the necessary staff to assist in fulfilling delivery and takeout orders. Yummy Corp is an affiliate of Ismaya Group, a Lifestyle Food & Beverage company. The Tangerang, Jawa Barat-based company was founded in 2017 by brothers Marbio, Mario, and Marius Suntanu, and Juan Chene.

EMQ

Series B in 2020
Headquartered in Hong Kong, EMQ is a financial technology startup that is building a financial network across Asia with a focus on remittance. With a footprint across Hong Kong, Taiwan, Indonesia, Vietnam and the Philippines, the company partners with financial institutions and other strategic partners in each country to enable and settle cross-border remittance via banks and various modes for top-up and cash pickup. The company received its Money Service Operator license from the Hong Kong Customs and Excise Department in September 2014 and its Fund Transfer Operator license from Bank Indonesia in March 2017.

Infradigital

Series A in 2020
IDN platform is used by Offline Billers , such as schools, foundations, or course institutions, and others. Infradigital Nusantara is motivated by management with more than 15 years of experience in online payment.

Fabelio

Series C in 2020
Fabelio is a design-centric e-tailer operating in Indonesia and soon in entire South East Asia. They partner with the best designers in Indonesia to create original designs and they work closely with the best factories to manufacture good-quality products at attractive prices. At fabelio they focus on furnishing happiness.

HarukaEdu

Series C in 2019
PT Haruka Edukasi Utama or HarukaEdu is a company that provides a turn-key solution to enable universities to offer quality online education with minimum investments and risk. Our vision is to provide a brighter future for Indonesians through affordable, quality online degrees and education

Infradigital

Seed Round in 2019
IDN platform is used by Offline Billers , such as schools, foundations, or course institutions, and others. Infradigital Nusantara is motivated by management with more than 15 years of experience in online payment.

ShopBack

Series A in 2017
ShopBack offers a one-stop lifestyle portal that powers smarter purchase decisions for consumers. Today, ShopBack is the dominant player in Southeast Asia’s e-commerce Cashback market, with an established presence in Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, powering over 1,000 orders per hour. ShopBack enhances shopping by providing up to 30% Cashback for consumers to boost their purchasing power while providing cost-effective marketing solutions for merchant partners. With over 1,300 merchant partners, including Uber, Expedia, and Lazada, ShopBack constantly strives to bring a smarter shopping experience to the consumers. In October 2015, ShopBack was awarded the winner of the Gold award in the Best Start-up (Growth Stage) category and Silver award in the Best Innovative Infocomm Products (Consumers) category at the 7th Singapore Infocomm Technology Federation (SiTF) Awards. This is the local start-up’s maiden voyage in industry awards, pitting against more than 300 nominations for the esteemed titles. The company was recently awarded the Emerging Enterprise Award in September 2016, jointly organized by The Business Times (Singapore) and OCBC Bank, which recognizes outstanding small and medium enterprises (SMEs) in Singapore.