Fenox Venture Capital, a global venture capital firm, recently invested in Evolable Asia, the largest Japanese development house with offices in Vietnam, mainly focusing on developing software for games and websites. Evolable also operates an online travel agency services for B2C and B2B. Evolable Asia recently surpassed $150M USD in revenue in 2014 and its offshore development business is growing at over 250% yearly.
Evolable Asia currently employs more than 450 people in Ho Chi Minh City and Hanoi and is a leader in offshore software development. The company is expected to reach over $190M USD in revenues for the year 2015. Fenox Venture Capital is extremely excited to be one of the leading investors in Evolable Asia with over $5M USD invested in October 2015.
Read more about Evolable Asia and their recent investment from Fenox Venture Capital here.