Hongtai Group, Phison Electronics, Taiwan Mobile, Wistron, Cathay Life, Fubon Life and TransGlobe Life all chipped into the accelerator and venture firm’s latest vehicle.
Taiwan-based startup accelerator and venture capital firm AppWorks closed an oversubscribed $150m third fund yesterday featuring a range of corporates among its limited partners.
Insurers Cathay Life, Fubon Life and TransGlobe Life, property developer Hongtai Group, flash memory chipmaker Phison Electronics, mobile network operator Taiwan Mobile and IT original design manufacturer Wistron contributed to Fund III, as did Axiom Asia Private Capital and Taiwan’s National Development Fund.
Founded in 2009, AppWorks targets entrepreneurs in the greater Southeast Asia region, which…
