While it’s rare for VC-funded Portland startups to get into the realm of “strategic investors” — those VC funds run by corporate entities that are designed to fund strategic endeavors that benefit both the startup and the corporation — there has been collaboration from time to time with Intel Capital, the capital arm of Intel. Well, amid massive rethinking and restructuring at the company, Intel Capital is being spun out.
Intel Capital, established in 1991, is one of the world’s leading corporate venture investors with over $5 billion in assets under management. For more than 30 years, Intel Capital has invested in over 1,800 companies and deployed more than $20 billion in capital. The firm has created over $170 billion in market value in the past 10 years alone by investing in early-stage startups across key areas shaping the future of compute: silicon, frontier, devices and cloud.
Standalone operations are expected to begin in the second half of 2025, at which time Intel Capital will operate under a new name. The existing Intel Capital team will move to the new company, and business operations will continue as normal throughout the transition.
Again… probably no direct impact or upside here locally. But interesting to note as Intel Capital has long had folks here in town.
For more information, read the press release and the TechCrunch write up.
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