Orange Ventures announces €30 million investment for start-ups totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.
Orange spins-off VC arm, eyes e-health investments - Mobile World Live 12 JAN 2021
Orange separated its venture capital division into a standalone company allocating it €350 million, with the new business set to focus on investments related to its parent’s core proposition and adjacent sectors deemed high-growth.
In a statement, Orange claimed the newly separated Orange Ventures was one of the top ten venture capital funds in Europe.
The business is charged with controlling an existing portfolio built since the formation of the operator’s investment arm in 2015 and seeking out new opportunities.
Current interests are centred on areas related to mobile and communications including cybersecurity, digital enterprise and mobile financial services. Moving forward, Orange noted the fund would also look to new high-growth sectors, citing e-health as an example.
Telecompaper
General
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.