New $100M Ven­ture Fund Tar­get­ing Mid­dle East, Asia and Sil­i­con Val­ley Star­tups and In­vestors

Arabnet - The Quarterly - - Industry Stories -

A new ven­ture fund called the Fenox Global Fund IV is look­ing to in­vest USD $100 mil­lion in seed, Se­ries A and pre-ipo fund­ing through­out the USA, Asia and the Mid­dle East in part­ner­ship with In­no­va­tion 360, a lead­ing in­no­va­tion con­sul­tancy based in Dubai, UAE. Fenox’s in­vest­ment port­fo­lio in­cludes so far: Dream Link En­ter­tain­ment (DLE) that cur­rently car­ried out an IPO on the Tokyo Stock Ex­change; and Lark, a wear­able tech­nol­ogy com­pany whose prod­ucts are now sold at world­wide Ap­ple stores. Fenox Ven­ture Cap­i­tal has al­ready pledged USD $10 mil­lion, and is look­ing for ad­di­tional in­vestors that would qual­ify for the fund.

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