In a bid to expand its operations into new regions in Asia, including India, US-based investment firm Fenox Venture Capital has roped in Venktesh Shukla, chairman of TiE Global, as a General Partner to further strengthen its investment activities in Asia.
“Venktesh will bring core expertise to Fenox that will strengthen and diversify our global campaign. Two thirds of the world’s population lives in Asia, and Venktesh can help us expand our operations to new regions in Asia, including India,” Anis Uzzaman, Co-founder and General Partner at Fenox Venture Capital said.
Silicon Valley-based Fenox Venture Capital works with emerging technology companies and operates out of offices across seven countries including Bangladesh, Belarus, Dubai, Indonesia, Japan and South Korea. It manages several multi-million dollar funds and invests in technology startups from artificial intelligence, robotics, and big data to virtual reality, fintech, and healthtech domains.
Venktesh is a seasoned investor and serial entrepreneur who has been involved with numerous startups as an executive, investor, board member, or adviser. He also serves as General Partner at Monta Vista Capital and is an advisor at Dobango, Inc. Shukla, was earlier the Chief Executive Officer and President of Nusym Technology, Inc.
“Fenox has been supporting entrepreneurs in the USA, Europe, Japan, Korea, Taiwan, Indonesia and Bangladesh. I will be able to help them reach out to more regions. Fenox is the only VC firm in the Silicon Valley that has been working as a bridge between USA and Asia, ” Shukla said.
“Fenox has already introduced many Silicon Valley startups to Asia and connected them with large corporations for exponential growth. I feel that I will be able to add value to this existing model,” he added.
In an earlier interaction with DEALSTREETASIA, Uzzaman had said that the VC firm has made around 60 investments in Asia and is looking at putting in $80 million in startups in this year.