Intel Capital, Intel’s global investment and M&A arm, has launched a RMB80 million (US$13 million) China angel fund designed to provide capital support to the country’s innovative makers, and focus on enabling smart device maker ecosystem development in China, according to a company announcement.
This is the first angel fund and the fourth investment fund Intel Capital has established in China.
The Intel Capital China Angel Fund is part of Intel’s Mass Makerspace Accelerator program, which has been established to identify and fund China’s next global entrepreneurs, from makers and students to developers and start-ups.
In April 2014, Intel Capital created a US$100 million fund to invest in innovative smart devices in China.
Its second fund, the Intel Capital China Technology Fund II, focuses on broader investment areas such as data center and cloud infrastructure, big data and analytics, software and services, manufacturing.
Intel Capital started investing in China in 1998. Since then, it has invested over US$670 million in more than 110 Chinese technology companies, 30 of which have gone public or have been acquired.
Intel Capital has investment professionals based in Beijing, Hong Kong and Shanghai.