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Taiwan's AppWorks raises $114m to expand investment in ASEAN

Fund keeps focus on Indonesia while looking at chances in Vietnam

AppWorks, headquartered in Taipei (pictured) is an investor behind online classifieds platform Carousell and Hong Kong-based logistics firm Lalamove.    © Reuters

HONG KONG -- AppWorks, a venture capital (VC) company that invests in Taiwan and Southeast Asia, has raised $114 million for its third fund that is expected to have a total corpus of $150 million.

The company is on track to close its new vehicle by the end of the month, AppWorks partners told DealStreetAsia in an interview.

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