Wendell Brooks writes, "I’d like to share some news about Intel Capital’s first-half activity, and some exciting prospects for our entrepreneurs and ecosystem.
Between Jan. 1 and June 30, we invested $308 million in startups focused on the cloud, the Internet of Things and other key areas of innovation. We completed 19 new investments for a collective $247 million and put another $61 million to work in nearly three dozen follow-on financings. Taken together, it’s a statement of our commitment to seek out and foster the technologies of tomorrow.
I am also very pleased to announce new leadership for the Intel Capital Diversity Fund, which invests in tech startups led by women and underrepresented minorities. It’s the largest fund of its kind, with a mission to invest $125 million over five years. As co-heads of the Diversity Fund, Christine Herron and Trina Van Pelt will accelerate our progress in conjunction with Intel’s groundbreaking Diversity and Inclusion programs.
Christine brings a wealth of early-stage venture experience. Since 1992, she’s led or managed investments in more than 40 companies and advised hundreds more on fundraising and go-to-market strategies. Throughout her career at Intel Capital and, previously, First Round Capital and Omidyar Network, she has invested more than $75 million. She’s also a former startup CEO herself, and one of the most widely followed venture capitalists on Twitter.
Trina, who also oversees Intel Capital's investment and M&A activity for the Internet of Things, brings broad and deep knowledge of private equity, strategic planning and corporate development. Over the course of her 20-year career, she has led more than 70 technology acquisitions and investments worth more than $30 billion. Like Christine, she holds an MBA from Stanford."