Our centre company, Publicis Groupe, has really made it big in the world of advertising and communications. Not only is it the largest network agency in Europe but also the fourth largest worldwide! To help other companies reach success, Publicis Groupe and France Télécom-Orange are both joining together with Iris Capital Management to make a 300 million euro investment in the digital industry. This new partnership is going to set up its three OP Ventures funds which will each invest into different kinds of companies, from start-ups to more established businesses. The OP Ventures project is expected to bring great support to the digital economy and is eagerly awaited by many companies!
Three funds will be created, to be organized as follows:
– OP Ventures Growth will target established companies in France and Europe, providing up to 15 million euros per project.
– OP Ventures Global will invest in start-ups outside Europe, also with funds of up to 15 million euros per project.
– OP Ventures Early Stage will provide seed-capital and early-stage investment of up to 3 million euros to young companies in France and Europe.
Both OP Ventures Growth and OP Ventures Global will be immediately operational, while the third fund, OP Ventures Early Stage, will open for business in the course of the second quarter of 2012. All three funds will be dedicated exclusively to companies involved in creating value within the digital economy.