Venture
Intel Establishes $50 Million Venture Capital Fund for Brazil
By San Paulo, Brazil
Mar 28, 2006, 11:00

Intel Capital, the investment arm of Intel Corporation, has created a US$50 million venture capital fund to promote technology growth in Brazil.

Intel Capital has been a leading venture capital investor in Brazil since 1999, investing over US$35 million in 13 companies. In 2005, Intel Capital announced four local investments in Digitron, TelecomNet, Certsign and Neovia.

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Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology start-ups worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$4 billion in more than 1,000 companies spanning more than 30 countries. During this time, about 160 portfolio companies have been acquired and another 150 have gone public on exchanges around the world. In 2005, Intel Capital invested about US$265 million in about 140 deals, with approximately 60 percent of funds invested outside the United States.