Fenox Venture Capital
| Private | |
| ISIN | 🆔 |
| Industry | Venture capital |
| Fate | Unknown |
| Founded 📆 | 2009 |
| Founder 👔 | Vitaliy Arbuzov and Anis Uzzaman |
| Defunct | 2019 |
| Headquarters 🏙️ | , , |
Area served 🗺️ | American, Asian, European and Middle Eastern markets |
| Members | |
Number of employees | 60 (2016[1]) |
| 🌐 Website | www.fenoxvc.com [dead link] |
| 📇 Address | |
| 📞 telephone | |
Fenox Venture Capital was an American venture capital firm, headquartered in San Jose, California.[1] The auto parts company Fenox was an anchor investor.[2]
History
Fenox Venture Capital was founded by Belarusian businessman Vitaliy Arbuzov[3] and Anis Uzzaman[4] in 2009. The company worked with startup companies seeking entry into American, Asian, European and Middle Eastern markets.[5]
In December 2015, Fenox led a $16 million investment in companion robot company Jibo.[6] In February 2016, the firm led an investment in home-gardening company Edyn.[7] In May 2016, the firm led a $14 million investment in Affectiva, a robotics company formed as an offshoot of the MIT Media Lab.[8] Other portfolio companies include Tech in Asia,[9] BlockCypher,[10] MindMeld,[11] and Sense.ly.[12]
Controversies
In February 2016, under pressure from the United States Department of Labor, Fenox Venture Capital agreed to pay back wages of $331,269 to 56 interns it had hired into unpaid roles.[13][14][15][16][17] According to the government, the wage theft took place from 2011 to 2014, and was unusual because it was the first case to be pursued against a venture capital firm in the area.[16]
In June 2017, Uzzaman and Fenox sued an anonymous blogger, saying the blogger had falsely accused him of sexual harassment.[18][19] Uzzaman's attorneys said that the IP address that posted the blog article was linked to the home address of the founder and CEO of a competing company.[20][needs update]
References
- ↑ 1.0 1.1 Kolodny, Lara (June 21, 2016), "To drum up deals internationally, Fenox VC launches Startup World Cup with $1 million prize", TechCrunch, archived from the original on June 22, 2016, retrieved February 3, 2026
- ↑ Kolodny, Lara (October 5, 2016), "Fenox Venture Capital puts India fund on hold after General Partner Venktesh Shukla departs", TechCrunch, archived from the original on October 6, 2016, retrieved February 3, 2026
- ↑ "5 проектов за 20 месяцев. Как Fenox Venture Capital идет в Юго-Восточную Азию и Японию". PROBUSINESS.IO. September 12, 2014. Archived from the original on January 26, 2021. Retrieved December 24, 2020. Unknown parameter
|url-status=ignored (help) - ↑ "Anis Uzzaman | Startup Asia Tokyo 2014". Archived from the original on December 29, 2014. Retrieved December 29, 2014. Unknown parameter
|url-status=ignored (help) - ↑ "Infocom Partners with Fenox Venture Capital to Expand Their Global Search for Technological Startups | Symbian Developer's Journal". Archived from the original on December 29, 2014. Retrieved December 29, 2014. Unknown parameter
|url-status=ignored (help) - ↑ "MIT's 'social robot' Jibo gets $16m funding to charm Asia". Tech in Asia. Retrieved March 8, 2016.
- ↑ Kolodny, Lora (February 10, 2016). "Edyn Raises $2 Million for Smart Gardening Systems". The Wall Street Journal. Retrieved March 8, 2016.
- ↑ Kolodny, Lora (May 25, 2016). "Affectiva raises $14 million to bring apps, robots emotional intelligence". TechCrunch. Retrieved June 13, 2016.
- ↑ "Tech in Asia raises Series B round led by Fenox Venture Capital". Tech in Asia.
- ↑ "BlockCypher raises $3.1M seed round to build out Bitcoin in Asia". Tech in Asia.
- ↑ "Architect Partners". www.architectpartners.com.[dead link]
- ↑ Expect Labs. "MindMeld and Sense.ly Launch Solution to Enable a New Generation of AI-Powered Healthcare Applications". PR Newswire (Press release).
- ↑ "Venture capital firm pays the price for 'free' labor". CNET. Retrieved September 11, 2017.
- ↑ Zakrzewski, Cat (February 22, 2016). "Fenox Venture Capital to Pay Unpaid Interns Back Wages". The Wall Street Journal. Retrieved September 11, 2017.
- ↑ "Fenox Venture Capital ordered to pay back wages to interns". Silicon Valley Business Journal. Retrieved September 11, 2017.
- ↑ 16.0 16.1 Joseph, Brian (February 23, 2016), Feds claim wage theft at Silicon Valley firm, FairWarning, archived from the original on March 15, 2016, retrieved February 3, 2025 – via Capitol Weekly website
- ↑ "Silicon Valley venture capital firm to pay $331K in back wages to employees wrongfully treated as unpaid interns". United States Department of Labor. February 23, 2016. Retrieved September 11, 2017.
- ↑ Kendall, Marisa (July 27, 2017). "Silicon Valley exec denies posing as woman, making up sex harassment claim". The Mercury News. Retrieved September 11, 2017.
- ↑ "Silicon Valley VC sues anonymous blogger over sexually charged allegations". The Mercury News. June 12, 2017. Retrieved September 11, 2017.
- ↑ Levin, Sam (July 27, 2017). "Male tech CEO pretended to be female sexual harassment victim, suit claims". The Guardian. ISSN 0261-3077. Retrieved February 15, 2023.
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