Dell Inc. launches a USD 300 Mn venture fund to invest in emerging technology areas

dell-investDell Ventures, the strategic investment arm of Dell Inc, has recently announced a USD 300 Mn fund, thereby expanding its first USD 60 Mn Fluid Data Storage Fund. The focus area of the investment will be early-to-growth-stage companies in emerging technology areas including storage, cloud computing, big data, next-generation data center, security and mobility.

Reportedly, the whole fund will be managed internally by Dell Corporation only and no outside limited partner will be involved.

With its funds, Dell Ventures co-invests with venture capitalists and other strategic investors, acting as a board advisor and making available various resources to the portfolio company. These resources include technical and business counsel, as well as access to brand scale, OEM solutions, channel and go-to-market relationships.

Also, it provides entrepreneurs of all stages access to the technology, financing, networks and knowledge to grow their business through the Dell Center for Entrepreneurs.

“Corporate venture capital activity is on the upswing—in 2013, more than 17 percent of all venture deals involved at least one corporate VC and the percentage of dollars put into those deals by corporate VCs has doubled from 2009 levels. If current trends continue, 2013 could be the first non-bubble year since 1995 that corporate groups have provided more than an estimated 10 percent of total venture dollars,” said Bobby Franklin, National Venture Capital Association President.

The Dell Ventures current portfolio includes dozens of companies, however, for strategic reasons, the company do not publicize many of its investments. Except few like Skyera-provider of enterprise solid-state storage systems and Mirantis- provider of OpenStack cloud and open source application infrastructure.

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The Dell storage Fund, launched last year, was created specifically to invest in companies dealing with storage. Till date, the fund has invested in startups from Israel, Boston and Silicon Valley.

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