According to Intel, the fund led by Trina Van Pelt and Christine Herron is "the largest of its kind by a significant margin" and it provides access to the company's business development programs and extensive technology expertise in addition to the capital itself. Staying true to the company's goal of promoting diversity both inside and out, Intel Capital has also directed all of its investors to not only seek out startups with diverse teams, but also to encourage more inclusive hiring practices in their existing portfolio companies.

Update: An earlier version of this post stated Intel Capital would be making another $125 million investment to the Diversity Fund. While the group is broadening the scope of its investments, the total investment remains the same. The post has been updated to reflect this information.