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

[AppWorks' Fund IV Raises $165 Million to Support Early-Stage AI and Web3 Startups] According to Mars Finance, venture capital firm AppWorks announced the completion of a $165 million funding round for its fourth fund, Fund IV. This brings the firm's total fundraising to $386 million. The new funds will focus on investing in startups and projects in the Asian market related to artificial intelligence, Web3, and the broader digital economy. AppWorks has already invested in several Web3 startups, including DeFi smart proxy platform Almanak, DAO infrastructure provider Tally, crypto trading software developer SignalPlus, blockchain privacy solution Blokid, and Web3 payment platform Fetch.