Tuesday, February 21, 2012

Intel Capital Backs Two Brazilian Firms

Intel Capital, the venture capital arm of semiconductor giant Intel, said last week that it has invested in two, Brazilian companies, Fashion.me and Coquelux. Financial terms of the investment were not disclosed. Fashion.me is a provider of a social, e-commerce platform focused on fashion on the Internet. Coquelux is an online shopping club focused on premium and luxury flash sales. intel said it has now invested over $75M in 25 Brazilian companies since 1999.