AppWorks targets $360m for Fund IV, sets up Web 3.0, accelerator units

AppWorks targets $360m for Fund IV, sets up Web 3.0, accelerator units

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

Taiwan-based venture capital (VC) firm AppWorks announced on Wednesday its plans to start raising a $360-million AppWorks Fund IV in Q2 this year, while it ramps up efforts to expand new businesses including the launch of a new arm for Web 3.0 investments.