FENOX Venture Capital

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

Fenox Venture Capital
Private
IndustryVenture capital
Founded2009
Headquarters
San Jose, California
,
USA
Websitewww.fenoxvc.com/

Description

Fenox Venture Capital was founded by Vitaliy Arbuzov[1] and Anis Uzzaman[2] in 2009. 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.

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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. "Archived copy". Archived from the original on 2014-12-29. Retrieved 2014-12-29.CS1 maint: archived copy as title (link)
  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. "Fenox Venture Capital ordered to pay back wages to interns". bizjournals.com. Retrieved 2017-09-11.
  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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