Former head of Intel Capital to lead $150mn European cloud fund
August 26, 2016
Grazed from TheStack. Author: Alice MacGregor.
London-based fund manager C5 Capital is aiming to raise a $150 million (approx. £114 million) fund to tap into the growing cloud computing sector after appointing the former European head of Intel Capital, Marcos Battisti. Battisti will join the firm this September to manage one of the largest funds of its kind in Europe.
The investment will target next-stage development businesses operating in the cloud computing market, and hopes to enable further opportunities for remote processing and storage. The Financial Times expected typical investments to be between $5 million and $15 million. At Intel’s venture capital group in the States, Battisti was involved in investments in companies such as French mobile connectivity company Sigfox, and Israeli semiconductor designer Anobit – which was bought by Apple in 2012…
The new cloud fund was inspired by a recent C5 partnership deal with Amazon Web Services (AWS) in a Bahrain-based fund set up to support startups in the Middle East and Africa…
Read more from the source @ https://thestack.com/cloud/2016/08/26/former-head-of-intel-capital-to-lead-150mn-european-cloud-fund/