Orange Group VC investor Orange Ventures announced today the launch of Orange Ventures Impact, a €30 million investment vehicle dedicated to funding start-ups focused on environment, inclusion, and CareTech.
Orange Ventures invests in innovative startups in Orange’s strategic fields of interest, including Networks & IT, Digital Companies, Cybersecurity and Fintech, as well as in other areas such as Content and gaming, Consumer platforms, and E-health. The new fund aligns with Orange’s strategic plan, Engage 2025, which encompasses sustainability goals including Environmental criteria consider how a company performs as a steward of nature. More and Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More commitments.
The new fund will target young French and European start-ups in their seed stage or with proven development potential with models supporting positive impact on the environment, inclusion or CareTech, with investments between €750,000 and €3 million in each round of financing.
Orange Ventures stated that special attention will be given to monitoring the overall impact of the portfolio over time, including indicators such as the number of people helped, the jobs created in the sustainable economy and the number of tons of CO² avoided.
Jérôme Berger, Chairman and Managing Partner of Orange Ventures said:
“Within the Orange Group, we are convinced that there is no economic performance without Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More and Environmental criteria consider how a company performs as a steward of nature. More exemplarity. By launching Orange Ventures Impact, without sacrificing any part of our ambition for financial performance, we are pleased to allocate €30 million to start-ups which, due to their development stage or business sector, had not been captured in Orange Ventures’ current investment proposition, but whose positive impact on the environment, inclusion or help to individuals will be especially strong.”