Orange and Publicis partner with Iris Capital creating European VC investor

theflyonthewall.com

France Telecom-Orange (FTE) and Publicis Groupe (PUBGY) announced they will partner with Iris Capital Management to create one of Europe's premier venture capital investors in the digital economy. Orange and Publicis Groupe will together contribute EUR150M, or Cdn $200M to the initiative. Added to Iris' pre-existing funding commitments from investors -- including the European Investment Fund and French public investor CDC Entreprises, Groupe Caisse des Depots-- this will result in a total investment capacity in excess of 300 million euros.

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