Fenox VC teams up with Wistron Corporation, launches new $20m fund

Logo from the company website

Silicon Valley-based Fenox Venture Capital has teamed up with Wistron Corporation to launch a $20 million venture capital fund to work with global technology companies.

The new fund will help startups working in the field of IoT, robotics, AR/VR technologies, and others that require hardware-software collaboration with reliable manufacturing.

The partnership is expected to work as a “bridge” between the US and Asia, helping the entrepreneurship community as a whole, the companies said in a joint statement.

“Finding the right global partner was a key step in our search for cutting-edge technologies that would enhance the experience of our customers,” said chairman of Wistron Corporation, Simon Lin.

“Fenox VC is an excellent partner to assist Wistron in our global outreach due to their innate understanding of the Asian business culture and unbridled access to North America, Europe, and broader Asian market,” he added.

Wistron Corporation, claimed to be one of the largest original design manufacturer (ODM) companies, will have access to the top tech firms through Fenox’ global network. The company aims to fulfill its goal of collaborating with “world-class IT startups”, and giving them access to the greater Asian market.

Based in Taipei, Wistron Corporation provides ICT products including mobile systems, desktop systems, serves and storage, IA and networking and communications services to their global customers. It develops solutions in the areas of green recycling, cloud, and display vertical integration. The company employs over 30,000 personnel in offices located in North America, Europe and Asia.

General partner and CEO of Fenox VC, Anis Uzzaman, said, “we have been working with leading software and technology startups in Silicon Valley and the rest of the world, therefore, the partnership with Wistron ties in well with our expertise.”

Fenox VC had said that it would be putting more weight into Southeast Asia by revving up investments in this region, given the rising opportunities presented by an under-developed infrastructure. The VC, with $1.5 billion assets under management, has so far made over 60 investments across different sectors in the region.

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Need for more investors in Indonesia: Anis Uzzaman, Fenox VC

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.