Intel Capital Invests in Three UAE Companies

Intel 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.