Dell announces USD 300 mln Strategic Innovation Venture Fund

Friday 13 December 2013 | 19:14 CET | News
Dell Ventures, Dell's strategic investment arm, has announced an expanded commitment to entrepreneurship and innovation with a USD 300 million Strategic Innovation Venture Fund. The fund will allow Dell to invest in early-to-growth-stage companies in emerging technology areas including storage, cloud computing, big data, next-generation data centre, security and mobility. The Strategic Innovation Venture Fund is Dell's second major investment fund and builds on the USD 60 million Dell Fluid Data Storage Fund announced in 2012. The Dell Ventures model is to co-invest with venture capitalists and other strategic investors, acting as a board advisor and making all Dell resources available to the portfolio company. These resources include technical and business counsel, as well as access to brand scale, OEM services, channel and go-to-market relationships.

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