Intel Capital courts IT start-ups with eye on future

Mergers, Acquisitions and Financial Results

Intel Capital — the world’s largest venture capital investor in innovative technology — is seeking to acquire stakes in several IT start-ups in Kenya with an eye on long term gains from the highly lucrative business.

The company, the investment arm of Intel Corporation, says it has identified a number of early stage technology enterprises involved in Internet content distribution and e-commerce as well as application development firms that it intends to invest in.

“We are actively and furiously looking high and low for opportunities to invest in, and we will announce the deals as we close them,” said Mr Arvind Sodhani, the chief executive of Intel Capital.

His firm is keen on investing in start-ups for periods extending to about 15 years as part of a wider strategy that would enable the venture capitalist firm to exit when the targets have become mature companies.