“Startup World Cup” Launches Venture Fund
SAN JOSE, Calif.--(BUSINESS WIRE)--Aug 1, 2018--Startup World Cup is an annual global startup pitch competition founded by Fenox Venture Capital. 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. 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.
Startup World Cup is launching a $50 million fund to invest in the most promising winners of the regional and global competition. 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.
“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:
- 1,000+ attendees - Top startups from 28 different countries from North America, South America, Europe, Africa, Asia and Australia. - 200+ journalists - Events including workshops, startup showcase sessions, and networking party.
For more information about the Startup World Cup Fund, please contact Coco He at Coco@startupworldcup.io.
About Fenox Venture Capital
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. Read more about Fenox Venture Capital at http://www.fenoxvc.com.
This communication is not an offer to sell securities of any investment fund or a solicitation of offers to buy any such securities. Securities of a fund managed by Fenox Venture Capital, Inc. or its affiliates are offered to selected investors only by means of a complete offering prospectus and related subscription materials which contain significant additional information about the terms of an investment in any such fund (such documents, the “ Offering Documents ”). Any decision to invest must be based solely upon the information set forth in the Offering Documents, regardless of any information investors may have been otherwise furnished, including this communication.
An investment in any strategy, including the strategy described herein, involves a high degree of risk. Past performance of these strategies is not necessarily indicative of future results. There is the possibility of loss and all investment involves risk including the loss of principal. Any projections, forecasts and estimates contained in this communication are necessarily speculative in nature and are based upon certain assumptions. It can be expected that some or all of such assumptions will not materialize or will vary significantly from actual results. Accordingly, any projections are only estimates and actual results will differ and may vary substantially from the projections or estimates shown. This communication is not intended as a recommendation to purchase or sell any security.
1 As defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended.
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CONTACT: Startup World Cup
Startup World Cup Coordinator
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE OTHER TECHNOLOGY PROFESSIONAL SERVICES FINANCE
SOURCE: Fenox Venture Capital
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PUB: 08/01/2018 10:00 AM/DISC: 08/01/2018 10:01 AM