CEBU, Philippines -- Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial, is investing up to 1.2 billion New Taiwan dollars (about $39.5 million) in the fourth flagship fund of Taiwan-based venture capital firm AppWorks.
DealStreetAsia
Taiwan's Fubon Life commits $39.5m to latest AppWorks fund
Fund expected to invest in 50 to 60 deals, if it reaches target size of $360m
Fubon Financial says its insurance unit is taking up to 20% of the final fund size of AppWorks Fund IV, which will invest in Taiwan and Southeast Asia. (Source photos by screenshot from Fubon Financial and AppWorks websites)
Read Next
Latest on DealStreetAsia
