This investment would be used in the cloud computing sector, which is growing at a very fast pace across the globe, especially in North American and European regions.
GreatResponder.com The C5 Capital firm is targeting to invest in the cloud computing market with at least $150 million fund. It was announced by the company through the official statement today. The company is already positioning itself to invest in the fast growing technology based business, especially in the cloud computing market.
Earlier this month, the company has announced that it has pouched the European head of Intel Capital firm, which is one of the arms of the venture capital of a technology group based in the United States of America. The European head of Intel Capital, Mr. Marcos Battisti will join the company in the month of September 2016. He would be the head of this fund to invest in the domain of cloud computing business across the globe, especially in the European or North American companies.
It was further informed in the official statement of the company that it is the largest fund ever raised in the European region for cloud computing domain of business. This fund will improve the remote services, data storage and internet content of the targeted marketplace.
Earlier, the company has established a partnership with the Amazon Web Services AWS through a Bahrain based capital fund. That fund was mainly developed for the investment in the technology based startup companies in the African and Middle East Area. This fund was originally triggered by that partnership with the AWS to invest in the technology based businesses.
Mr. Marcos Battisti is highly experienced in different projects in the past, such as Sigfox Mobile Connectivity Company France and the Israel based Anobit Semiconductors. Later, the Anobit was acquired by Apple Inc.
This newly developed fund will be utilized in financing startups with a range of $5 to $15 million to develop the next stage of the companies.
While talking about the use of the funds, the chief capital officer of the C5 Capital, Mr. Daniel Freeman in his official statement said, “The cloud computing market remained at an early stage of its growth in spite of the reliance of many internet services on such remote infrastructure. This fund would be looking to back cloud infrastructure and platform providers as well as consultancies. It would have been a huge miss if we didn’t get involved in this market.”
It is important to note that this company is already investing in different cloud based businesses at low level.