Startup World Cup, a global startup pitch competition founded by Fenox Venture Capital, is launching a $50m fund.
Managed by Fenox, the new vehicle will invest in the most promising winners of the regional and global competition.
The fund, now open to accredited investors, will invest at least $1m in the Grand Finale winner and will make additional investments in the best companies surfaced by the 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 $1m 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.
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.
Led by Anis Uzzaman, General Partner and CEO, Fenox Venture Capital is a venture capital firm that leverages its international network spanning the US, Asia, and Europe to support the global expansion of its portfolio companies. Investment areas include IT, Artificial Intelligence, IoT, Robotics, Big Data, HealthTech, VR/AR, FinTech, and Next Generation Technologies.
To date, the firm has invested in more than 120 companies globally.