Fenox Venture Capital, a Silicon Valley-based venture capital firm, will launch its Bangladesh operations today with plans to invest $200 million in internet-based start-ups over the next decade.

“We have already tested the ground. Now we are going to launch the company officially,” Anis Uzzaman, chief executive officer of the company, said yesterday.

The company, which has set up its office in Gulshan, has already invested in two start-up companies in Bangladesh.

One of the fastest growing venture capital firms, Fenox works with emerging technology companies worldwide and specialises in assisting entrepreneurs in North America to achieve global expansion in Asian, European and Middle Eastern markets, according to the company's website.  It seeks to work with world-class management and technical teams that are targeting opportunities in IT, health IT, consumer internet, cloud computing, big data, mobile, social, payment systems and next generation technologies.

Fenox provides early stage and final-round funds.

Vitaliy Arbuzov and Anis Uzzaman founded Fenox, based in San Jose, California, to help entrepreneurs build successful, transformative businesses that span the US and global emerging markets.

It has plan to invest $1.5 billion in more than 50 start-ups globally, with $65 million alone injected in 2015.

In Bangladesh, the investment plan may exceed $200 million if local banks and insurance companies come forward, said Anis Uzzaman.