Orange Digital Ventures, the investment arm of French telco Orange, is no more. In its place is now Orange Ventures, a legally independent entity to the rest of the Orange Group with an investment budget of €350 million ($425m) which would look beyond the seed funding Orange Digital Ventures previously specialised in, and further focus on multiple markets “from seed stage startups in Africa and the Middle East, to more mature companies in Europe and the United States.”

“Our wish is to constitute an organisation which combines the best of both worlds: Orange’s business expertise as well as the agility of decision-making and the quality of the financial monitoring of the best investment funds,” said Jérôme Berger (pictured), formerly CEO of Orange Ventures, who has taken on the role of president and managing partner, with a dedicated 20-strong team. Read more...https://media.getfundedafrica.com/2021/01/12/oranges-425m-new-vc-structure-will-go-beyond-seed-funding/