PARIS, June 25, 2017 /PRNewswire/ --
Iris Capital, a leading pan-European venture capital firm,
announces today the launch of IrisNext, its new fund focusing on
digital transformation opportunities, with a first €250M closing.
IrisNext will invest in startups from seed to growth stage, from
€1m up to €30m, giving Iris Capital the leverage to accelerate and
sustain the growth of ambitious European companies at various
Corporates investing in IrisNext's first closing include
industry leaders such as Orange, Publicis and Valeo. They are
joined by financial investors and institutions such as Bpifrance
and BRED Banque Populaire. IrisNext is the firm's second generation
multi-corporate vehicle, and combines strategic corporates,
financial investors, individuals and institutions under a fully
Notorious previous investments from Iris Capital in Israel include cyber security startup Secret
Double Octopus and VPN proxy service Hola.
IrisNext invests in fast growing companies that are reshaping
entire industries: from Industry 4.0, the Internet of Things,
Cybersecurity and 5G networks, to Artificial Intelligence, Big
Data, Cloud Computing and Software Design.
"In the last 5 years, together with Orange and
Publicis Groupe, we've successfully co-created what
we call the multi-corporate VC model. We would like to thank Orange
and Publicis Groupe for their renewed trust and we are looking
forward to expanding the success of this model with our new
corporate partners" said Pierre
de Fouquet, Managing Partner and co-founder at Iris Capital.
"Our mission at Iris Capital is to identify and fuel
promising entrepreneurs to help them grow and scale their
businesses across Europe and
beyond, notably thanks to our corporates network. We are delighted
at the renewed trust from the original backers and look
forward to welcoming new contributors" said Antoine Garrigues, Managing Partner and
co-founder at Iris Capital.
"With this new fund we look forward to fueling many more
ambitious and innovative success stories," commented
Erkan Kilicaslan and Erik de la
Rivière, Managing Partners at Iris Capital. "IrisNext attracted
some of Europe's
leading corporates as investors in the fund, which is a testimony
to our model, our track record and legacy in the venture capital
industry. The several success stories from our portfolio,
with companies such as Talend, Adjust, Netatmo or Scality, as well
as Iris Capital's global experience and performance
were key in closing IrisNext´s first round."