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Orange-backed Iris Capital raises EUR 250 mln in new round

Wednesday 21 June 2017 | 11:21 CET | News
Iris Capital, a venture capital firm backed by Orange and Publicis, has raised EUR 250 million in a new funding round, reports Les Echos. The two backers were joined by new partners Valeo, an automotive products and systems specialist, and cooperative bank BRED Banque Populaire. The capital will be used to invest primarily in European start-ups (from EUR 1 million to up to EUR 20 million), but the firm will also look at businesses planning to install a base in Europe.

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Categories: General / IT
Companies: Orange / Publicis
Countries: Europe / France
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