Tech and Teen
  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog
  • Technology
  • Business
  • Sports
  • Entertainments

Tech and Teen

  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog

Fenox VC Fund for Bangladesh Startups

by Tech Teen August 1, 2018
written by Tech Teen August 1, 2018
Fenox VC Fund for Bangladesh Startups

Fenox VC is launching a $200 million fund to invest in Bangladesh`s technology, Internet and media sectors. Creation of the new fund marks the first time a venture capital company from Silicon Valley has launched business operations in Bangladesh. Shameem Ahsan Joins the Silicon Valley-based firm as General Partner

Prominent Serial Entrepreneur, Angel Investor & President of BASIS Shameem Ahsan has joined Fenox Venture Capital, a Silicon Valley based leading Venture Capital Company, as General Partner.

Fenox VC, a Silicon Valley-based venture capital firm was founded in 2011 to invest in the most promising startups in global locations. Fenox supports companies with funding and guidance to help run operations, enter new international markets, and manage eventual exits through acquisitions or IPOs.

The Silicon Valley-based VC provides early and growth-stage funding to emerging technology companies in North America, Japan, Southeast Asia, and Europe. Fenox invests globally in consumer Internet, new media, and health technology and enterprise solutions. Its recent investments include ShareThis, Sidecar, Jetlore, Meta, Tech in Asia, Lark, and Dream Link Entertainment among others.

Fenox Co-founder and CEO Dr. Anis Uzzaman said, “We are very delighted to welcome veteran tech industry leader Shameem Ahsan as a General Partner at Fenox VC. The Bangladesh tech sector has tremendous potential and Fenox VC is creating a fund specifically to invest there. Fenox will play a catalytic role in promoting the advanced practices of Silicon Valley to Bangladeshi entrepreneurs, while also helping them through the global network of Fenox Venture Capital.”

Shameem Ahsan is a technology entrepreneur and the co-founder of Akhoni.com Ltd., eGeneration Ltd., Benchmark-eGeneration Ltd., and Element 5 Ltd. He also serves as Director of Agrani Bank Ltd. in Bangladesh. He has received “Best Young Entrepreneur Award” from the Prime Minister of Bangladesh at the Dhaka Chamber of Commerce Business Awards.

He is a member of the Prime Minister`s Digital Bangladesh Task Force, Government of Bangladesh, which is the highest policy-making body to monitor and implement the vision of building “Digital Bangladesh.” He is also the Co-Chairman of the Standing Committee on Digitization of Trade Bodies of Federation of the Bangladesh Chamber of Commerce & Industry.

“I am honored to be a part of Fenox VC,” said Shameem Ahsan. “This partnership will help to realize the vision of `One Bangladesh` and help local IT companies become global and highly profitable with the help of Fenox`s strategic advice, global network and financial support.”

The Creation of the $200 million fund for Bangladesh by Fenox VC and the joining of Shameem Ahsan at Fenox VC has been widely acclaimed and covered by the International Press and Media. The news has been covered in Yahoo! Finance, Bloomberg Businessweek, Birmingham Business Journal, Chicago Business Journal, and Los Angeles Business as well as several other reputed and worldwide international Press and Media.

0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
Bangla chat portal Lokkhi Public launched
next post
Riaz and Shoshee at Community Clinic

related posts

Banglalink signs corporate agreement with Meghna Bank Ltd.

August 15, 2019

Bikroy Handovers Prizes to the Valentine Deals Contest...

February 27, 2019

The time has come to make Chattogram an...

February 22, 2019

Asia’s Digital Businesses Getting a Data Driven Edge...

July 31, 2019

Singer Bangladesh signs MoU with Risda

January 25, 2019

ICCIT starts on December

August 1, 2018

TR Offer 32GB Pen Drive Free with Antivirus

September 28, 2018

Walton customers likely to get free products in...

January 10, 2019

Rangs Limited introduces Mitsubishi Outlander PHEV

July 9, 2019

Huawei launches Ascend Partner Program to Cultivate AI...

June 19, 2020

Premier Bank inaugurated 106th Branch in Amla, Kushtia

December 25, 2018

Gionee Exclusive Brand shop at Eastern Plaza

July 30, 2018

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • FBCCI and MIT Solve launches Virtual Solveathon

    January 25, 2021
  • Walton Director Mahbub Alam Mridul’s Kulkhani on Monday

    January 25, 2021
  • Dark horse contender realme bags place in ‘Top 10 TWS Brand’

    January 24, 2021
  • Huawei released Top 10 Trends of Digital Power

    January 24, 2021

Popular Posts

  • 1

    vivo Y12S; a budget smartphone with side-finger print

  • 2

    Huawei released Top 10 Trends of Digital Power

  • 3

    Banglalink becomes promotional partner of A1 Esports at PUBG Mobile Global Championship

  • 4

    Dark horse contender realme bags place in ‘Top 10 TWS Brand’

  • 5

    Walton starts exporting washing machine to India

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Mobiles

  • Dark horse contender realme bags place in ‘Top 10 TWS Brand’

  • vivo Y12S; a budget smartphone with side-finger print

  • OPPO Kicks Off First Sale Of Reno5 Amid Festivity

  • Symphony launches new Smartphone Symphony Z30 Pro

  • WhatsApp enabled Nokia 6300 4G launched price in Bangladesh

Popular Posts

  • 1

    bKash tops ‘Employer of Choice’

  • 2

    bKash handed over 300 more ventilators

  • 3

    Chairman of Marico Group visits Dhaka

  • 4

    Basis and BCS One Bangladesh Vision is now far ahead

  • 5

    Palli Bidyut prepaid meter bill can also be paid through bKash

About Us

 

Dhaka-1000, Bangladesh

Email : contact@techandteen.com

Phone :  +88 00 5555

Popular Posts

  • 1

    vivo Y12S; a budget smartphone with side-finger print

  • 2

    Dark horse contender realme bags place in ‘Top 10 TWS Brand’

Follow us on Facebook

  • Facebook
  • Twitter
  • Google +
  • Instagram
  • Linkedin
  • Youtube
  • Technology
  • Teen
  • Business
  • Sports
  • Entertainments
  • Multimedia

@ 2018 - Tech and Teen. All Right Reserved.
Developed By: Unique Software Development Company, Amjhupi, Meherpur.