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France-based operator Orange flagged the expansion of its venture capital activities with the creation of a new, independent unit called Orange Ventures that will have a pot of around €350 million (US$425.4 million) for startup investments. Orange Ventures has taken over the portfolio of Orange Digital Ventures, which was launched with an initial funding allocation of €20 million ($24.3 million) in 2015 and grew into a €150 million ($182.4 million) corporate early-stage investment fund. The aim is to give the VC unit greater freedom to make investment decisions, with a focus on high-growth sectors in traditional Orange territory such as connectivity, cybersecurity, the digital enterprise and financial services, as well as new areas such as e-health. It seems likely that the digital has been dropped from the unit s name as it is no longer deemed necessary in today s increasingly digital environment.

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