(CercleFinance.com) – Orange announces that it will strengthen its venture capital investment activity by creating Orange Ventures, a new company with a budget of 350 million euros, which thus enters the top 10 corporate capital funds. risk in Europe.d
Orange Ventures invests in fast-growing companies in Orange’s traditional business areas such as connectivity, cybersecurity, digital business, or innovative financial services, as well as in new territories that the group is exploring, such as e-health, says Orange.
The company’s ambition is to ‘achieve the financial performance of the best venture capitalists, and will make its investment decisions independently,’ says Orange.
The Orange Ventures team, made up of twenty people, has thus been reinforced with renowned experts from the world of venture capital, and will take over the management of the portfolio of holdings of the Orange Digital Ventures initiative launched in 2015, reports the company.