Fenbo Holdings makes investment in U.S. AI focused fund

Fenbo Holdings has entered into a subscription agreement to make an initial $150,000 strategic investment in a U.S. Artificial Intelligence focused investment fund. This move positions Fenbo to leverage the Fund’s expertise in AI technologies and permits it to evaluate the potential impact of AI on the development of the Company’s products. The Fund is targeting capital commitments of up to $20M, although the general partner, in its sole discretion, may accept Capital Commitments of a lesser or greater amount. Its investment objective is to generate attractive returns for its limited partners, according to the terms of the Fund. The Fund is a Delaware limited partnership that will specialize in making direct venture capital investments in early-stage and growth-stage private technology companies, with a particular emphasis on financial technology, blockchain/web3, and enterprise technology. It is managed by a Delaware-based investment management firm. The investment Firm believes that AI represents a greater investment opportunity than the internet did at its inception – and that AI is a must-do investment opportunity. This year the Firm has been putting together a new Fund to invest into the leading private companies in this industry.