UNQUOTE

Intel Capital launches Ultrabook Fund

  • Diana Petrowicz
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Intel Capital, the private equity arm of computing hardware provider Intel, has announced the launch of its Ultrabook Fund with a $300m target.

Intel Capital has set up the Ultrabook Fund to further the development of devices and applications for Intel's new product, "Ultrabook". Intel provided all funding.

Investments
The new fund will target companies that develop hardware or software technologies which can help to enhance the user experience such as longer battery life, slim components and platform technologies. Intel Capital is planning to invest the fund over the next three to four years.

Investments will be made in early-stage as well as low and mid-cap companies worldwide. Intel is looking to invest from €1m up to €50m in return for minority stakes of between 15% and 40%. The fund will make more than 20 investments.

People
Marcos Battisti, managing director Intel Capital, will be responsible for UK and European investments from the Ultrabook Fund.

 

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