Ready your startup pitch for the European market. A new venture capital fund is investing up to 15 million euros per project in new companies outside of Europe as part of a larger aim to create value within the global digital economy.
France Telecom-Orange and Publicis Groupe today announced a partnership with Iris Capital Management to create one of Europe’s largest venture capital funds in the digital economy. Orange and Publicis Groupe will together contribute 150 million euros ($200 million) 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 Dépôts)—this results in a total investment capacity in excess of 300 million euros, according to a statement released by France Telecom-Orange.
To read the full, original article click on this link: Euro VC to Invest in International Startups | The Next Silicon Valley
