Fenox Venture Capital
TypePrivate
IndustryVenture capital
Founded2009
Headquarters
San Jose, California
,
USA

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

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. The lawsuit was later dismissed. [15][16]

During the course of the proceeding, a court order discovered the IP address tracing to the article was linked to the home address of Brandon Katayama Hill, founder and CEO of a San Francisco based company Btrax. The case was finally settled with a multimillion dollar payment by the defense.[17]

References

  1. ↑ "5 проектов за 20 месяцев. Как Fenox Venture Capital идет в Юго-Восточную Азию и Японию". PROBUSINESS.IO. September 12, 2014.
  2. ↑ "Anis Uzzaman | Startup Asia Tokyo 2014". Archived from the original on 2014-12-29. Retrieved 2014-12-29.
  3. ↑ "Infocom Partners with Fenox Venture Capital to Expand Their Global Search for Technological Startups | Symbian Developer's Journal". Archived from the original on 2014-12-29. Retrieved 2014-12-29.
  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". Wall Street Journal. Retrieved 2016-03-08.
  6. ↑ Kolodny, Lora (25 May 2016). "Affectiva raises $14 million to bring apps, robots emotional intelligence". TechCrunch. Retrieved 2016-06-13.
  7. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com.
  8. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com.
  9. ↑ "Architect Partners". www.architectpartners.com.
  10. ↑ Labs, Expect. "MindMeld and Sense.ly Launch Solution to Enable a New Generation of AI-Powered Healthcare Applications". www.prnewswire.com (Press release).
  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. ↑ Levin, Sam (2017-07-27). "Male tech CEO pretended to be female sexual harassment victim, suit claims". The Guardian. ISSN 0261-3077. Retrieved 2023-02-15.
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