(UPDATE: A previous version of this article erroneously stated that Fenox had raised a $50-million fund from two Indonesian investors. It has now been corrected to show that Fenox has, in fact, raised two separate $25-million vehicles from two different Indonesian LPs at different times.)
Silicon Valley-based venture capital firm, Fenox Venture Capital, is said to have raised a $25-million vehicle targeted at the US and Southeast Asia markets. The fund was raised largely from a single Indonesian limited partner (LP), an executive aware of the development told DEALSTREETASIA.
