2018

Year in Review

 
 
Greater Southeast Asia’s Leading Startup Launchpad

AppWorks Accelerator

In 2018, AppWorks Accelerator graduated a total of 63 startups across 2 batches, AW#16 & AW#17.  Starting from AW#17, AppWorks Accelerator only recruited AI / IoT or Blockchain / Crypto startups. In this batch, 21 are AI / IoT and 13 are Blockchain / Crypto startups.

Hong Kong

Malaysia

Belgium

Singapore

Vietnam

Thailand

Sri Lanka 

Sweden

United States

38%

Startups are International

(from outside of Taiwan)

 

Including the 63 AW#16 & AW#17 startups that have graduated from AppWorks Accelerator, The AppWorks Ecosystem has grown to:

328

Active Startups

+5 from 2017

925

Total Founders

+145 from 2017

The Strongest of its Kind in Greater Southeast Asia

The AppWorks Ecosystem

US$3.6B

Total Valuation

+127% from 2017

US$806M

Total Capital Raised

+82% from 2017

US$2.5B

Total Annual Revenues

+90% from 2017

9,586

Total Jobs Provided

+67% from 2017

 
The Most Active Founder Community in Greater Southeast Asia

Significant Milestones by AppWorks Startups

Many AppWorks startups have gone on to achieve significant milestones in 2018.  Here are a few examples: 

AW#2

CHOCO TV

Raised US$ 10M+ & Established Strategic Partnership with LINE

AW#10

Nuwa Robotics

Closed US$ 10M Series A Round in 18Q1

AW#13

Ztore

Closed US$ 8M Series B Round

AW#12

AsiaYo

Closed US$ 7M+ Series B Round

AW#15

Origami Labs

Closed US$ 2.5M Seed Round

AW#12

Mr. Living

Mattress Raised US$ 700K+ through Crowdfunding

AW#9

Pickone

Closed US$ 500K Seed Round

AW#16

Cubo

AI Baby Camera Raised US$ 350K+ through Crowdfunding

GSEA’s Leading Early-Stage VC

AppWorks Funds

In 2018, AppWorks Funds made 11 investments collectively worth US$ 15 million in several promising startups including 91APP, CarousellDeep Sentinel, EMQ, Pickone (AW#9), Xrex (AW#17), while helping them raise a total of US$ 222 million across these rounds.

 
Equip Talents for Today's Digital Career

AppWorks School

Since mid-2016, AppWorks School has graduated 106 newly trained software engineers (+47 from 2017) through our 16-week free coding program. 85% of these graduates went on to pursue successful software engineering careers in prominent internet companies such as 91APP, KKBOX, CHOCO TV, PicCollage, and UDN Group with a median starting salary of US$ 21,833 (annually).

106

Graduates

(+47 from 2017)

26 days

Average Job-Seeking Duration

85%

Placement as Engineer

US$ 21,833

Median Starting Salary

(Annual Package)

 

Follow our 2019 on:

  • Facebook
  • Instagram
  • YouTube
 

PARTNERS

ASSOCIATES

ANALYSTS

SPECIALISTS

Communications Master

Antony Lee
Recruiting Master

Izza Lin

Finance & Accounting Master
Jasmine Tsai
Alumni Community Manager

Joy Chiang
Legal Master

Liying Wang
Design Master

Tim Tu
Space Director

Vanessa Lu

APPWORKS SCHOOL

Head of AppWorks School

Enid Tian

Web Instructor

CW Peng

iOS Instructor

Luke Wu

Android Instructor

Wayne Chen

Thank You for an Amazing Year!

Tapping into the collective effort of each and every one of our team members, we successfully shifted our focus to AI / Blockchain and made substantial strides in empowering founders across Greater Southeast Asia to fully embrace a smart and decentralized future. We’d like to extend a special thanks to all of our partners and friends in the startup community, and look forward to working together to strengthen the regional ecosystem even further in 2019.