Accelerating innovation
Submit your project

France Telecom-Orange and Publicis Group partner with Iris Capital Management to create a leadind European Venture Capita Investor inn the Digital economy

March 12, 2012

Paris, March 12, 2012 - France Télécom-Orange [EURONEXT Paris : FR0000133308] and Publicis Groupe [EURONEXT Paris : FR0000130577] today announced they will partner with Iris Capital Management (Iris) to create one of Europe’s premier venture capital investors in the digital economy. Orange and Publicis Groupe will together contribute 150 million euros (ca. $200 million) to the initiative. Added to Iris’ pre-existing funding commitments from investors -- including the European Investment Fund and French public investor CDC Entreprises (Groupe Caisse des Dépôts) -- this will result in a total investment capacity in excess of 300 million euros.