Orange Ventures launches an investment tool dedicated to financing start-ups in the fields of environment, inclusion and helping people. The Orange Ventures Impact program aligns with Orange’s strategic plan Engage 2025 and enriches the overall strategy of Orange Ventures, a venture capital investment subsidiary of Orange. The latter has a budget of 350 million euros, of which 30 million euros will be allocated for this new car.
Orange Ventures Impact will target startups that are young, French and European, in the early stages or that have already proven development potential. These startups will have to contribute to the emergence of new responsible economic models that have a positive impact in favor of the environment, inclusion or helping people, areas that Orange Venture does not currently cover. Each project will undergo careful analysis through the definition of specific impact indicators, in addition to the financial analysis typically performed in the area of venture capital. This new car will initially invest between 750 kilograms and 3 million pounds per financing round.
On the occasion of this announcement, Jerome Berger, President and Managing Partner of Orange Ventures stated: “Within the Orange Group, we are convinced that there is no economic performance without a social and environmental model. To launch Orange Ventures Impact, without sacrificing any of our businesses as ambitious for financial performance, we are pleased to be directing 30 One million euros towards startups that, through their stage of development or their sector of activity, you would not have recognized in Orange Ventures’ current investment thesis, but whose positive impact will be particularly strong in terms of the environment, inclusion or helping people.