img-93723_1Fenox Venture Capital announced the launch of a $200 million Bangladesh Fund and its first investment into Bangladesh during a press conference held November 24th.

Abul Nuruzzaman, Partner of Bangladesh fund, Kyle Kling, Vice President of Business Development, and a number of influential leaders, including the state minister, expressed immense excitement in the large, young population, outstanding internet and mobile growth, and huge potential of Bangladesh’s untapped entrepreneurial market.

During the press conference, Fenox was also proud to announce its first Bangladesh investment in Priyo.com. Priyo is sought out as the “Yahoo of Bangladesh,” with over 1 million unique visitors and 915,000 page views per day.

In addition to the press conference, both Abul and Kyle spoke at one of the largest tech conference of Bangladesh, Innovation Xtreme. They both organized workshops with different startups and hosted panel discussions throughout the conference.

Learn more here.