Fenox Venture Capital

Fenox Venture Capital was an early-stage venture capital firm founded in 2011 by Anis Uzzaman and Vitaliy Arbuzov, headquartered in San Jose, California. The firm was built around the concept of bridging Silicon Valley startups with international markets, operating offices across seven countries and managing corporate venture funds for major companies including Asus ($50 million fund in 2017), Sega Sammy Holdings ($20 million fund in 2018), Aisin, and Wistron. By 2017, Fenox had invested in more than 115 companies across AI, IoT, robotics, big data, VR and AR, fintech, and health IT, with typical check sizes in the $1 million to $5 million range at Seed and Series A stages. Fenox led multiple high-profile rounds, including a $14 million round for Affectiva, an MIT Media Lab spinoff, and a $16 million round for Jibo. Additional notable portfolio companies include MindMeld, acquired by Cisco; Jetlore, acquired by PayPal; Tech in Asia; BlockCypher; and Sense.ly. In 2016, Fenox launched the Startup World Cup, a global startup pitch competition with a $1 million prize, which expanded its brand presence across Asia and emerging markets. Fenox Venture Capital is now permanently closed. Founder Anis Uzzaman continues his investment activities through Pegasus Tech Ventures, which serves as the successor entity carrying forward similar cross-border investment strategies and portions of the same portfolio. During its active years, Fenox was a distinctive voice in US-Asia venture bridging at a scale few firms attempted.