Taiwan's Wistron, Fenox launch $20m VC fund

"Finding the right global partner was a key step in our search for cutting-edge technologies that would enhance the experience of our customers," Simon Lin, chairman of Wistron, said in a statement. "Fenox VC is an excellent partner to assist Wistron in our global outreach due to their innate understanding of the Asian business culture and unbridled access to North America, Europe, and the broader Asian market."

The fund will seek to service demand among US start-ups for reliable design, manufacturing and post-sales partnerships in Asia that allow founders to maintain their intellectual property. Areas of focus will include hardware-reliant technologies such as internet-of-things (IoT), robotics, artificial reality (AR) and virtual reality (VR).

Wistron is expected to facilitate this strategy through its manufacturing, design and prototyping knowhow as well as Asian networking channels. The company has also been active in developing technologies related to recycling, cloud computing and display vertical integration.

Fenox claims to have invested in more than 85 companies globally across segments including IoT, robotics, AR and VR. It has previously invested in Asian hardware with participation in a $10 million round for Japanese electric vehicle maker Terra Motors.

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• Topics
• Greater China
• North America
• Technology
• Fundraising
• Taiwan (China)
• USA
• Fenox Venture Capital
• manufacturing
• Venture