Orange Ventures

History

2021: Creation of venture fund for 350 million euros

In the middle of January, 2021 the French company Orange announced creation of Orange Ventures venture fund in the form of separate division with the increased volume of allocations in the amount of 350 million euros.

Selecting new division, Orange hopes to attract the interest of both startups, and third-party investors. Department of Orange Ventures also sets border between two companies as Orange Ventures will confidentially interact with startups.

Orange creates Orange Ventures venture fund for 350 million euros

Orange Ventures purpose - to promote appearance of future technology champions who support transition to more and more digital and responsible world on service of all people and are ready to share the innovation opportunities worldwide, - it is mentioned in the press release of Orange. - For achievement of this purpose the Orange Ventures fund which offers well structured process of creation of flexible opportunities of interaction between Orange and startups was selected.

The Orange Ventures fund intends to invest means in the same technology industries with which Orange, including network connections, cyber security, the digital enterprises and financial services and also new territories which Orange, for example investigates electronic health care is connected.

Having offices in Paris and Dakar, Orange Ventures will be able to support startups at all stages, from the first steps in Africa and in the Middle East to more mature companies in Europe and the USA. Orange Ventures stated that it can invest to $ euros 20 million for one round.

The Orange Ventures command consisting of 20 employees was in addition strengthened due to adding of experts from the venture capital industry and also will undertake portfolio management of an initiative of Orange Digital Ventures started in 2015.^[1]

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