Scoop: Intel Capital Maintains Strong Investment Pace With Up To $500M In Fundings Possible: CORRECTED

Intel Capital is maintaining a strong investment pace this year with fundings of as much as $500 million possible by year’s end, a spokesperson said. Investments are presently at $419 million and the pipeline of deals could bring the year’s total to the half a billion dollar mark, the organization told peHUB.

Intel Capital is on target to invest $600 million this year, almost double its deal making pace of last year, an investment director of the organization says.

The venture arm of Intel Corp. generally invests $300 million to $500 million per year. Director Carey Lai, speaking at the App Conference in Silicon Valley on Thursday, said the pace of transactions looks like it will push investment dollars to $600 million this year. The spokesperson said hitting the $500 million mark is no sure thing and depends on a variety of factors. But she described the year as an active one for the organization.

Investment Director Carey Lai (pictured) was part of a panel Thursday that discussed investments in mobile applications. He said startup activity is high, especially in the seed space, where a new incubator seems to be starting every week.

Later stage C and D rounds are also taking place at a rapid pace.

Lai noted at the App Conference in Silicon Valley that Google’s Android platform will easily overtake Apple’s iOS platform, especially overseas, so entrepreneurs looking to go global would be wise to climb aboard.

Intel Capital invested $327 million in 119 investments in 2010, with 44% of the dollars going to companies outside of the United States and Canada. Since 1991, the venture unit has put over $10 billion to work in more than 1,100 companies.

(Editors’ Note: peHUB changed the original headline to this story, reporting that investments could reach $600 million, when Intel Capital provided updated information.)