Japan-based IT group Infocom is working with US-based venture capital firm Fenox Venture Capital to bring global IT companies and services to Asia. Fenox will act as a bridge for global start-ups seeking entry to lucrative Asian markets.
With this partnership in place, start-ups receiving investment from Fenox VC can then access the expertise of Infocom in both product and business development. They can also tap into the distribution channels of Infocom, and expand their geographical reach to Japan and rest of Asia.
“Finding the right global partner was a key step in our search for identifying cutting-edge technologies that would enhance the experience of our customers,’ said Takehara, Chief Executive Officer of Infocom. “Fenox VC is the best partner to assist Infocom in our global outreach due to their innate understanding of the Japanese business culture and unbridled access to North America and Europe.’
“We have been working with leading software and healthcare IT start-ups in Silicon Valley and rest of the world, therefore, the partnership with Infocom ties in well with our expertise,’ said Anis Uzzaman, co-founder of Fenox VC.