NAIROBI, Kenya, April 30 – Intel Capital, Intel’s global investment organisation, has boosted its investment team with the appointment of a new Investment Director, Tobi Oke, based in Lagos, Nigeria. Tobi will focus on investments in Sub-Saharan Africa.
“We are pleased to welcome Tobi to Intel Capital. His local knowledge and expertise will help further strengthen our investment team,” said Marcin Hejka, Managing Director Intel Capital Eastern Europe, Middle East, Africa and Russia/CIS, “Sub-Saharan Africa has become a source of an increasing number of innovative technology companies which venture capital backing can help to develop. With the help of Tobi, we hope to increase our investments in Sub-Saharan Africa.”
Commenting on the announcement, Tobi Oke said: “There is tremendous opportunity to provide entrepreneurs in Sub-Saharan Africa with greater access to capital as well as growth resources including our global network and technological expertise. I look forward to building Intel Capital’s presence in the region and working closely with the local entrepreneurs.”
Tobi brings to Intel Capital a combination of investment and technology skills developed through solid experience. Prior to joining Intel Capital, Tobi was an Associate Director at Standard Chartered Private Equity in Lagos and Investment Associate at HSBC Principal Investments in London. Previously he worked as Senior Consultant at Booz Allen Hamilton and software engineer and Product Development Manager at Motorola. Tobi holds an MBA from London Business School and a MEng in Information Systems Engineering from Imperial College in London.
Intel Capital has been investing in Africa since 2011 and has made investments in Allied Technologies Limited (Altech) and Rancard. Intel Capital is dedicated to facilitate further economic growth in the region by supporting the local Venture Capital ecosystem and offering entrepreneurs in the region value beyond equity. Our expertise, connections, programs, and overall brand value create a distinct advantage that helps entrepreneurs build their businesses, opening doors to new markets, customers, alliances, co-investors, and emerging technologies.
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$10.8 billion in over 1,276 companies in 54 countries. In that timeframe, 201 portfolio companies have gone public on various exchanges around the world and 317 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America.