FENOX Venture Capital

Fenox Venture Capital is an American venture capital firm, headquartered in San Jose, California.

Fenox Venture Capital
Private
Industry Venture capital
Founded 2011
Headquarters San Jose, California, USA
Website www.fenoxvc.com

Description

Fenox Venture Capital was founded by Vitaliy Arbuzov[1] and Anis Uzzaman[2] in 2011. Fenox VC works with emerging technology companies worldwide and has been serving as a bridge for global startups seeking entry into American, Asian,[3] European and Middle Eastern markets.

Investments

In December 2015, Fenox led a $16 million investment in Jibo.[4] This investment was seen as a push from Jibo to start expanding globally. In February 2016, the firm led an investment in agriculture IoT company Edyn.[5] The investment in Edyn was another event in Fenox establishing itself as a key investor and supporter of American technology startups aspiring to grow globally.

In May 2016, the firm led a $14 million investment in Affectiva.[6] Other portfolio companies include Tech in Asia[7], BlockCypher[8], MindMeld[9], and Sensely[10].

Controversies

In February 2016, it was reported that Fenox was ordered by the US Department of Labor to pay back wages totaling over $330,000 to 56 unpaid interns it had hired.[11][12][13][14]

In June 2017, Uzzaman and Fenox sued an anonymous blogger saying he falsely accused him of sexual harassment.[15][16]

Structure

The firm is structured differently from most venture capital firms, the key difference coming from the source of its capital. Fenox raises its capital primarily from large corporations globally.[17][18][19][20] The firm focused on investing in technology startups and supporting their growth internationally by facilitating partnerships between its investors and portfolio.

References

  1. ↑ http://probusiness.by/strategy/59-5-proektov-za-20-mesyacev-kak-fenox-venture-capital-idet-v-yugo-vostochnuyu-aziyu-i-yaponiyu.html
  2. ↑ http://startupasia.techinasia.com/tokyo2014/portfolio/anis-uzzaman-2/
  3. ↑ http://symbian.sys-con.com/node/2793596
  4. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2016-03-08.
  5. ↑ Kolodny, Lora (2016-02-10). "Edyn Raises $2 Million for Smart Gardening Systems". Retrieved 2016-03-08.
  6. ↑ Kolodny, Lora. "Affectiva raises $14 million to bring apps, robots emotional intelligence". TechCrunch. Retrieved 2016-06-13.
  7. ↑ https://www.techinasia.com/tech-in-asia-raises-series-b-round-led-by-fenox-venture-capital
  8. ↑ https://www.techinasia.com/blockcypher-raises-31m-seed-build-bitcoin-asia
  9. ↑ http://architectpartners.com/ma_alert/cisco-acquires-conversational-ai-startup-mindmeld-for-125-million/
  10. ↑ http://www.prnewswire.com/news-releases/mindmeld-and-sensely-launch-solution-to-enable-a-new-generation-of-ai-powered-healthcare-applications-300103931.html
  11. ↑ "Silicon Valley venture capital firm to pay $331K in back wages to employees wrongfully treated as unpaid interns". United States Department of Labor. 2016-02-23. Retrieved 2017-09-11.
  12. ↑ "Venture capital firm pays the price for 'free' labor". CNET. Retrieved 2017-09-11.
  13. ↑ Zakrzewski, Cat (2016-02-22). "Fenox Venture Capital to Pay Unpaid Interns Back Wages". WSJ. Retrieved 2017-09-11.
  14. ↑ "https://www.bizjournals.com/sanjose/blog/techflash/2016/02/fenox-venture-capital-ordered-to-pay-back-wages-to.html". www.bizjournals.com. Retrieved 2017-09-11. External link in |title= (help)
  15. ↑ "Silicon Valley exec denies posing as woman, making up sex harassment claim". The Mercury News. 2017-07-27. Retrieved 2017-09-11.
  16. ↑ "Silicon Valley VC sues anonymous blogger over sexually charged allegations". The Mercury News. 2017-06-12. Retrieved 2017-09-11.
  17. ↑ "Fenox Venture Capital Launches Fund with Japanese Sunnyhealth". FinSMEs. 2015-11-08. Retrieved 2016-03-08.
  18. ↑ "Fenox Venture Capital and CAC Holdings to Launch $20M Fund". FinSMEs. 2015-11-09. Retrieved 2016-03-08.
  19. ↑ "Fenox Venture Capital Launches $20M Fund with Infocom Group". FinSMEs. 2014-09-08. Retrieved 2016-03-08.
  20. ↑ "Fenox Venture Capital Launches Fund in Partnership with Innotech". FinSMEs. 2015-03-03. Retrieved 2016-03-08.
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