Intel Capital expects its venture capital investment pace this year to be similar to last year’s as slower deal-making in some countries, including China, abroad offsets strong activity in North America, sister publication VCJ reported.
The venture capital arm of chipmaker Intel Corp. invested $352 million in startups during 2012, completing 150 investments. In an interview at the organization’s annual Global Summit in San Diego, President Arvind Sodhani said the dollar total in 2013 would be close to that mark. So far, the organization has completed 46 new investments and 63 follow-on transactions.
He added that the share of the money invested overseas would be lower than the 57% of investments last year.
One country where this year’s investment pace has been slower is China, he said. Activity in Brazil has been moderately softer than last year, and some transactions didn’t close in Russia, though deal flow was strong.
Exits also are likely to be down from last year. So far this year, Intel Capital has had 23 exits, including four IPOs. Last year, the organization scored 35 exits.
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