AppWorks' Fund IV has raised $165 million to support early-stage AI and Web3 startups.

 venture capital firm AppWorks announced the completion of $165 million fundraising for its fourth fund, Fund IV. The total fundraising amount of the venture capital firm has reached $386 million so far. The new funds will focus on investing in startups and projects in the Asian market in the fields of artificial intelligence, Web3, and the broader digital economy. It is reported that AppWorks has currently invested in multiple Web3 startups, including DeFi smart agent platform Almanak, DAO infrastructure provider Tally, crypto trading software developer SignalPlus, blockchain privacy protection solution Blokid, and Web3 payment platform Fetcch.