Home » Investment in Middle East »

|| Intel Capital Invests in Three UAE Companies

Intel Capital DubaiIntel Capital has announced investment in three UAE-based technology companies from its Middle East and Turkey Fund, one of the funds covering venture capital in the Middle East.

The investment amount is not disclosed, but the total size of their Middle East fund, which was established back in 2005, is $50 million. So probably not more than a couple of millions for each. (You can compare it with their $250 million India fund, from which they happen to announce a similar three companies investment last month.)

The three UAE companies they invested in are Conservus International (IT/Media marketing company), Pulse Technologies (building automation systems) and Vertex Animation Studio (animation and 3D games).

By the way, they seem to need to update their portfolio page after this announcement.

Previous Post: Dubai PE Firm Acquiring 51% stake in Australian Firm
Next Post: Abu Dhabi Buys Canadian Chemicals Company for $2.3 billion

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2017 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter