Page 10 - Orange Fab News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It's now ten years ago that Telefónica announced plans to launch a startup incubator and youth apprenticeship program across its European and Latin American footprint. In the intervening decade, the Spanish telco's Wayra division has invested almost €50 million (US$60 million) in 800 startups and helped create more than 10,000 jobs. Telefónica also noted that the investment has appreciated by more than 70% over this period, while 75 startups have now exited the Wayra portfolio. Irene Gómez, director of Connected Open Innovation, the Telefónica unit that integrates Wayra, said more than 2...

Storm Ventures promotes Pascale Diaine and Frederik Groce to partners Storm Ventures, a venture firm that focuses on early-stage B2B enterprise startups, announced this week that it has promoted Pascale Diaine and Frederik Groce to partners at the firm. The two new partners have worked their way up over the last several years. Groce joined Storm in 2016 and has invested in enterprise SaaS startups like Workato, Splashtop, NextRequest and Camino. Diaine joined a year later and has invested in firms like Sendoso, German Bionic, InEvent and Talkdesk. Groce, who is also a founder at BLCK VC and h...

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...