AppWorks

Founded in 2010, AppWorks is a Taipei-based venture capital firm that invests in seed and early-stage startups across Southeast Asia. The firm focuses on sectors such as artificial intelligence, internet of things, web3, and blockchain. Additionally, it offers acceleration services to support its portfolio companies.

Jack An

Associate

Joseph Chan

Partner

Alyssa Chen

Principal

Nice Cheng

Partner

Norman Chi

Analyst

Sophie Chiu

Associate

Bill Hsu

Analyst

Natalie Lin

Analyst

Zhichen Lin

Founder, Partner and Chairman

Jamie Lin

Partner

Michelle Lin

Analyst

Jessica Liu

Partner

Andy Tsai

Partner

Ching Tseng

Principal

Jun , Wakabayashi,

Associate

David Wu

Associate

Past deals in Taiwan

XO (former Rooit)

Non Equity Assistance in 2024
Rooit is an internet company based in Taipei City, Taiwan, founded in 2016, that offers a gamified mobile application aimed at enhancing communication among young people. The application connects users through anonymous themed chat rooms, allowing them to engage in conversations centered around specific topics while also incorporating fun games to facilitate interaction. It features a phone registration mechanism that enables users to create friend lists and share their emotions, helping to alleviate feelings of loneliness. Rooit seeks to transform the way millennials communicate and make friends in a digital landscape.

WeMo Scooter

Series A in 2023
WeMo Scooter is a leading provider of scooter sharing services in Taiwan, focused on enhancing urban transportation solutions. The company offers a fleet of electric scooters available for rent through an easy-to-use app, allowing users the freedom to travel anywhere, anytime. WeMo operates round the clock, with vehicles located at multiple public and partner parking lots, ensuring convenience for urban commuters. The service incorporates live tracking, 24/7 customer support, and insurance for all users, prioritizing a safe and hassle-free experience. By promoting electric scooter usage, WeMo Scooter aims to help users reduce their ecological footprint and transportation costs.

EMQ

Series B in 2020
EMQ Limited is a financial technology company founded in 2014 and headquartered in Sheung Wan, Hong Kong, with additional offices in Taiwan and China. The company focuses on developing a comprehensive financial network across Asia, primarily targeting remittance services. EMQ partners with financial institutions and strategic partners in various countries, including Indonesia, Vietnam, and the Philippines, to facilitate and settle cross-border remittances. The company operates a settlement network designed to offer affordable, efficient, and transparent financial services, ensuring that users can conduct cross-border transactions in a streamlined and secure manner. EMQ holds licenses from relevant authorities in Hong Kong and Indonesia, which allows it to operate as a Money Service Operator and Fund Transfer Operator, respectively.

WeMo Scooter

Series A in 2020
WeMo Scooter is a leading provider of scooter sharing services in Taiwan, focused on enhancing urban transportation solutions. The company offers a fleet of electric scooters available for rent through an easy-to-use app, allowing users the freedom to travel anywhere, anytime. WeMo operates round the clock, with vehicles located at multiple public and partner parking lots, ensuring convenience for urban commuters. The service incorporates live tracking, 24/7 customer support, and insurance for all users, prioritizing a safe and hassle-free experience. By promoting electric scooter usage, WeMo Scooter aims to help users reduce their ecological footprint and transportation costs.

XREX

Seed Round in 2019
XREX Inc. is a blockchain-based financial institution based in Taipei, Taiwan, that provides a suite of services designed to facilitate secure transactions in the cryptocurrency space. Founded in 2009, the company specializes in crypto exchange, escrow services, and fiat-to-crypto transactions. Its offerings include XREX Crypto Services, which comprises platform-as-a-service (PaaS) and software-as-a-service (SaaS) products that support organizations in establishing and managing crypto markets, such as spot, futures, and options trading, as well as market-making and custodial services. XREX also focuses on partnering with banks and regulators to create a more inclusive financial ecosystem, aiming to empower participants in the global economy, particularly in emerging markets, by providing reliable cloud-based blockchain APIs and transactional solutions.

ShopBack

Series A in 2017
ShopBack is a leading online shopping platform in Southeast Asia that focuses on enhancing consumer purchasing decisions through cashback and rewards. Operating in several countries including Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, the company facilitates over 1,000 orders per hour by offering up to 30% cashback on purchases made through its platform. With a portfolio of over 1,300 merchant partners such as Uber, Expedia, and Lazada, ShopBack provides consumers with curated deals while simultaneously delivering effective marketing solutions for its business partners. The company is recognized for its impact in the industry, having received multiple awards, including accolades for Best Start-up and Best Innovative Infocomm Products at the Singapore Infocomm Technology Federation Awards, as well as the Emerging Enterprise Award, highlighting its role in enriching the shopping experience for consumers.

KKday

Series A in 2016
KKday.com International Company Limited is an e-commerce platform based in Taipei, Taiwan, founded in 2014. It specializes in connecting travelers with authentic local tours and activities across various countries and cities. The platform enables users to search, discover, and book a diverse range of curated experiences, facilitating access to off-the-beaten-path activities. In addition to serving travelers, KKday supports local travel suppliers by providing essential tools for product management and order fulfillment, thereby aiding their digital transformation.

Cybersocial Holdings

Seed Round in 2016
WeTalk Forum was established in 2013. Target they have set is to hope that through WeTalk current affairs forum for Traditional Chinese users in Taiwan and elsewhere, can have a space to discuss current events and important public issues. They hope to discuss current events WeTalk forum, is not subject to disturbance, transparent and open. They hope, WeTalk current affairs forum, Traditional Chinese to become the largest integrated forum. Their vision is to be able to exist through WeTalk affairs forum, so really important issues on the Internet encourages further discussion of positive and negative, so that more people can transmit WeTalk forum for pluralistic understanding of these important issues.

17Life

Series A in 2016
17Life is a leading online-to-offline (O2O) platform based in Taipei, Taiwan, specializing in the sale of group discount vouchers. The company aims to enhance the consumer shopping experience by offering an accessible e-commerce marketplace that caters to diverse lifestyle needs. By integrating both online and offline services, 17Life effectively meets the demands of modern consumers for recreational activities and everyday purchases. The platform collaborates with major partners, such as Shin Kong Mitsukoshi, to create a comprehensive ecosystem that facilitates intelligent shopping anytime and anywhere.

UrMart

Seed Round in 2016
UrMart, founded in 2015, operates an e-commerce platform dedicated to providing a curated selection of high-quality breakfast cereals and healthy snacks. The company focuses on offering a variety of products, including oatmeal, cereals, nuts, dried fruits, honey, and jam, aimed at busy individuals seeking nutritious meal options. With a commitment to promoting a dynamic and healthy lifestyle, UrMart has achieved significant market success, reaching a monthly turnover exceeding 10 million Taiwan dollars and selling thousands of kilograms of products. The company's core team utilizes strong data analysis capabilities to understand consumer preferences and enhance its offerings, positioning UrMart as a leading online destination for healthy breakfast solutions in Taiwan.

FashionGuide

Venture Round in 2016
FashionGuide, established in 2008, is Taiwan's largest beauty community platform, focusing on fashion and beauty content. The platform provides customer reviews, information, and discussion channels that empower users to stay informed about mainstream trends and products in the industry. In addition to serving as a community hub for beauty enthusiasts, FashionGuide offers integrated marketing services for major beauty brands, particularly those based in Europe and America, and has successfully promoted a unique beauty product certification mark. With a comprehensive evaluation process, FashionGuide has awarded this mark to over 360 brands, highlighting quality and consumer trust. Furthermore, the company operates its own beauty brand, FG 1028, alongside other popular beauty products to cater to consumer preferences.

KKday

Series A in 2016
KKday.com International Company Limited is an e-commerce platform based in Taipei, Taiwan, founded in 2014. It specializes in connecting travelers with authentic local tours and activities across various countries and cities. The platform enables users to search, discover, and book a diverse range of curated experiences, facilitating access to off-the-beaten-path activities. In addition to serving travelers, KKday supports local travel suppliers by providing essential tools for product management and order fulfillment, thereby aiding their digital transformation.

EZTABLE

Series C in 2016
EZTABLE is an online restaurant reservation platform founded in Taipei, Taiwan, in April 2008. It is recognized as the largest platform of its kind in Asia, aiming to connect users with dining options that suit their lifestyle and accommodate various gatherings. EZTABLE allows users to communicate directly with their selected restaurants, enabling them to secure preferred seating arrangements at a minimal subscription cost. The platform's mission is to establish the world's largest dining program, facilitating a seamless dining experience for its community.

17 Media

Series A in 2015
17Media was established in 2015 in Taiwan. Having raised $10m during Series A, 17Media is considered as one of the fastest growing startups in Asia. 17app is a social media app that enables you to livestream, share photos, upload videos and interact with streamers. Celebrities, actors and singers are all live on the app, join us and interact with them. Who knows, you might be the next internet celebrity!

Sudo

Seed Round in 2015
Sudo is an online recruitment platform for software engineers. It focuses on providing customized recruitment services for the software industry. Sudo offers referral services for various companies according to their business nature and needs. Launched in 2014 by Yvette Lin, the platform is operated from Taipei, Taiwan.

91APP

Series A in 2015
91APP, established in 2012 and headquartered in Taipei, Taiwan, specializes in developing and marketing customized applications for small merchants in Taiwan. The company is a leading provider of omnichannel commerce solutions, offering brand-owned shopping apps and websites that enable retailers to engage with customers across multiple platforms, driving direct-to-consumer e-commerce growth and enhancing operational efficiency.

EZTABLE

Series B in 2015
EZTABLE is an online restaurant reservation platform founded in Taipei, Taiwan, in April 2008. It is recognized as the largest platform of its kind in Asia, aiming to connect users with dining options that suit their lifestyle and accommodate various gatherings. EZTABLE allows users to communicate directly with their selected restaurants, enabling them to secure preferred seating arrangements at a minimal subscription cost. The platform's mission is to establish the world's largest dining program, facilitating a seamless dining experience for its community.

Uitox

Series B in 2014
Uitox Corporation is a Taiwan-based provider of e-commerce tools designed for brands and suppliers to establish and manage their online stores. Founded in 2012, the company specializes in offering a comprehensive suite of services that includes e-commerce website development, warehouse management, logistics, payment processing, and cross-border sales solutions. Uitox enables suppliers to upload their products to its cloud platform, where they undergo category mapping and pricing adjustments before being made available on various e-commerce sites globally. The company manages the entire fulfillment process, including customs duties and translation services, to ensure a seamless shopping experience for consumers. With a growing team of over 300 employees, Uitox has expanded its reach to multiple countries, positioning itself as a significant player in the global e-commerce landscape.

Fandora

Series A in 2014
Fandora is a Taiwanese business established in 2013, operating an online shopping platform that curates and sells unique merchandise featuring illustrations from over 2,600 local creators. With a catalog of more than 70,000 works, Fandora connects these artists with consumers, providing exposure for creators and customized products for buyers at affordable prices. The company facilitates commercialization by offering illustration merchandise through its online shop, Fandora Shop. Since its inception, Fandora has collaborated with thousands of illustrators and designers, generating over NT$10 million in sales.

Doremi Star

Angel Round in 2013
Doremi Star is a Taiwanese social game developer whose main product is Sword Quest.

CHOCOLABS

Seed Round in 2013
CHOCOLABS was established in September 2011 in Taiwan. Its current portfolio adds up to total of 62 APPs, more than 12M downloads and 1.8M monthly active users. CHOCOLABS aims to create the perfect living circle by offering users the APPs to ease their daily lives. In present mobile era, CHOCOLABS continues to be dedicated to making users lives more convenient through “App Your Life” experience.

EZTABLE

Series A in 2012
EZTABLE is an online restaurant reservation platform founded in Taipei, Taiwan, in April 2008. It is recognized as the largest platform of its kind in Asia, aiming to connect users with dining options that suit their lifestyle and accommodate various gatherings. EZTABLE allows users to communicate directly with their selected restaurants, enabling them to secure preferred seating arrangements at a minimal subscription cost. The platform's mission is to establish the world's largest dining program, facilitating a seamless dining experience for its community.

Gameape

Seed Round in 2012
GameApe is Taiwan's first dedicated mobile games professional website, focusing on iOS and Android platforms. The company provides a comprehensive information portal that offers players valuable resources, including game evaluations, pricing details, and strategic insights. Additionally, GameApe features user ratings and reviews, enhancing the gaming experience by helping players make informed decisions about various games. Through its platform, the company aims to serve as a central hub for mobile gamers seeking in-depth knowledge and analysis of the latest titles available on their devices.
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