Intel Launches $125M Diversity VC Fund

intel_logoIntel Capital, Intel Corporation (NASDAQ: INTC)’s global investment arm, has just launched a fund which will invest in technology startups run by women and underrepresented minorities.

The Intel Capital Diversity Fund totals approximately $125m and its investments will cover a broad spectrum of innovative industries.

The fund, led by Lisa M. Lambert, managing director and vice president of Intel Capital, has already made the following four investments:
Brit + Co, a San Francisco, CA-based provider of a media and e-commerce platform that aims to unlock creativity by educating, inspiring and supporting women and girls;
CareCloud, a Miami-based provider of cloud-based practice management, electronic health record (EHR), and medical billing software and services for medical groups.
Mark One, a San Francisco-based company that uses the Intel® Curie™ hardware module to create a smart cup that automatically recognizes any beverage its user pours into it, displays its nutritional content, and syncs all drinking habits to the user’s smartphone.
Venafi, a Salt Lake City, UT-based developer of a platform that protects the foundational element of all cybersecurity—cryptographic keys and digital certificates—so they can’t be misused.




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