Evolable Asia IPOFenox Venture Capital is pleased to announce Evolable Asia’s IPO on March 31, 2016 on the Tokyo Stock Exchange. The now-publicly listed company is one of the many exciting investments in our Japanese portfolio. As investors in Evolable Asia, we greatly appreciate the hard work and dedication of Chairman Mr. Oishi, CEO Mr. Yoshimura, and the entire Evolable Asia in getting to a successful IPO. Evolable Asia is a Tokyo-based provider of online travel services, focused on travel and vacation packages for Japan. In addition to its three popular travel portals – Tripstar, Soratabi, and Tabiweb – which facilitate over a million transactions a month, Evolable Asia powers an additional 600 domestic travel sites through its in-house technology.

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