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.