Fox Ventures - October 18th, 2023

DEAL DESK Impact-focused digital infrastructure platform for the global seafood supply chain growing 45% MoM

Chad Fox
October 18, 2023

Fox Ventures is the venture capital arm of F Partners, a Private Office that provides bespoke advice to Family Offices and Entrepreneurs.

Through our unique network of Family Offices, Entrepreneurs, and Tier 1 VCs we get the opportunity to co-invest alongside them.

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This week’s roundup:

Portfolio Company News
Reading List
Deal Desk
Advisory Hours

Let’s dive in 👇

Portfolio company news 🗞

Fox Ventures portfolio company, Zest Equity, announces their $3.8M Seed round led by Middle East Venture Partners (MEVP), with participation from the Dubai Future District Fund (DFDF) and DASH Ventures.

Zest Equity, a UAE-based startup digitizing private market deals, raises $3.8M seed funding | TechCrunch

It is building more tools to enable fast and transparent transactions by ecosystem players and increase liquidity through secondary deals.

techcrunch-com.cdn.ampproject.org/c/s/techcrunch.com/2023/10/09/zest-equity-seed-funding/amp

Zest Equity is building the digital infrastructure platform to empower private market participants like founders and venture capitalists to transact fast and openly online.

“We have built a digital platform that allows [founders and investors] to share or get data that they want to share, and invite their network of people to participate in deals. On the other side, we provide them with the legal infrastructure to group all of these people that they have brought in into a single entity to keep the cap table clean and to streamline the whole process.”

Rawan Baddour, co-founder @ Zest Equity

We invested ~$250k in Zest Equity’s pre-seed round in Q1 2022.

What I’m reading 📖

As Family Offices Become More Sophisticated, So Do Their Compensation Plans

Family offices are relying more on salary increases and incentive compensation to compete for talent, according to a new survey by Morgan Stanley’s Single Family Office Advisory group

www.wealthmanagement.com/high-net-worth/family-offices-become-more-sophisticated-so-do-their-compensation-plans

Family offices go back to basics but super-rich resist shift to cash, says Citi chief

Citi Private Bank's Hannes Hofmann tells Spear's UHNWs were keeping risk on the table as global survey reveals family offices making big shifts in asset allocation

spearswms.com/wealth/family-offices-citi-private-bank-hannes-hofmann

It’s Time to Raise Your Debt Facility: Execution Tactics for Founders

In this series, we have explored a variety of funding options for startups looking to launch a new financial product as well as terms to consider when negotiating your first warehouse facility.

a16z.com/its-time-to-raise-your-debt-facility-execution-tactics-for-founders

Deals I’m seeing 💼

#1 Fully regulated investment platform designed for experienced investors and beginners to trade and store virtual assets. Based in the United Arab Emirates, the company is backed by Mubadala Investment Company, ADQ (Abu Dhabi Sovereign Wealth Fund), Dhabi Holdings, MIAX Exchange Group, and others.

#2 Impact-focused digital infrastructure platform for the global seafood supply chain. The company uses technology to give customers access to new sources of wholesale seafood products, a simplified RFQ process, and a fully traceable supply chain to support a sustainable future for the seafood industry. The company is growing 45% month-over-month with platform orders totaling USD $20.3M in H1 2023.

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Advisory hours 🗓

Chad Fox is an advisor to entrepreneurs and family offices through his firm F Partners. Chad has a global network that spans from North America to the Middle East and can help you with formation, fundraising, business development, and all the challenges that come with building an early-stage company. He is a qualified lawyer, angel investor, and venture capitalist.

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