Orange gives more power to VC unit
France-based operator Orange flagged the expansion of its venture capital activities with the creation of a new, independent unit called Orange Ventures that will have a pot of around 350 million (US$425.4 million) for startup investments. Orange Ventures has taken over the portfolio of Orange Digital Ventures, which was launched with an initial funding allocation of 20 million ($24.3 million) in 2015 and grew into a 150 million ($182.4 million) corporate early-stage investment fund. The aim is to give the VC unit greater freedom to make investment decisions, with a focus on high-grow...
Source: lightreading.com