Fenox Venture Capital, the founder of “Startup World Cup,” launches a $50 million venture fund to invest in startups from all around the world

Fenox Venture Capital, the founder of “Startup World Cup,” has launched a $50 million venture fund to invest in the most promising winners of the regional and global competition. Startup World Cup is an annual global startup pitch competition. The competition draws from thousands of startups all around the world and runs regional competitions on six continents, culminating in a Grand Finale competition in San Francisco with a $1 million dollar investment prize.

The fund is open to “accredited investors”1 and will be managed by Fenox Venture Capital. The fund will invest at least $1 million in the Grand Finale winner, plus it will make additional investments in the best companies surfaced by the competition. Startup World Cup is designed to stimulate and support startup ecosystems through regional conferences and competitions that bring together entrepreneurs and investors, and connect them with Silicon Valley. The scope of the Startup World Cup makes it the world’s biggest international startup competition.

“Together with our global partners, we put a major effort into attracting the most promising startup companies from around the world to compete in the Startup World Cup,” said Anis Uzzaman, General Partner and CEO of Fenox Venture Capital. “The goal of the Startup World Cup Fund is to support the best of these companies and to give our investors access to high-potential startups that they would not be able to invest in otherwise.”

In May 2018, the Grand Finale brought together 28 regional startup winners, keynote speakers and venture capitalist judges for a full day conference and competition in San Francisco with  over 1,000 attendees. The event included top startups from 28 different countries from North America, South America, Europe, Africa, Asia and Australia.

Founded in 2011, Fenox Venture Capital is a Silicon Valley-based venture capital firm that has invested in more than 120 companies globally. Investment areas include IT, Artificial Intelligence, IoT, Robotics, Big Data, HealthTech, VR/AR, FinTech, and Next Generation Technologies. Fenox Venture Capital leverages its international network spanning the US, Asia, and Europe to support the global expansion of its portfolio companies.

Startup World Cup (SWC) offers innovation and entrepreneurship opportunities for startup ecosystem around the world. This platform consists of a global series of startup conferences and competitions that bring together phenomenal startups, VCs, and world-class tech CEOs. Selected startups from around the world first compete at regional events, and the regional finalists will showcase themselves at the Grand Finale event in San Francisco and compete for a US$1,000,000 investment prize.