AppWorks, founded in 2009, led 17Live’s seed round back in 2015. As an accelerator, AppWorks claims its alumni network numbers 563 tech companies with six IPOs: Uber. GameSparcs, Kuobrothers, Pcone, 91APP and 17Live.
17Live Group Limited (SGX:LVR
) has signed a memorandum of understanding (MOU) with its earliest institutional investor, the Taiwan-based venture capital firm AppWorks Ventures Co to “enhance synergistic investments”.
The June 27 announcement did not state further details about these coming investments, except that the parties will “leverage AppWorks’ expertise and network” and “foster strategic avenues for growth” for 17Live.
