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Orange allocates EUR 350 mln for relaunch of venture capital arm

Monday 11 January 2021 | 17:35 CET | News
Orange said that it has strengthened its venture capital activity with an increased allocation of EUR 350 million. New investments will be made under a new entity named Orange Ventures, established on a separate legal basis to become one of the top ten corporate venture capital funds in Europe. Based in Paris and Dakar, Orange Ventures' team will consist of twenty experts who will make investment decisions autonomously. Headed by CEO Jerome Berger, they will also take over the portfolio managed under Orange Digital Ventures.

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Categories: General
Companies: Orange
Countries: Africa / Europe / Middle East / World
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