Orange announces partnership with Google for startup financing

Orange announces partnership with Google for startup financing
01.06.2018 12:57 pm

Orange announces partnership with Google for startup financing

M&A Deals

Orange has partnered with Google through Orange Digital Ventures (ODV), the Group's corporate venture fund, to join forces in financing the best start-ups.

Through this partnership, Google will leverage ODV’s sourcing of start-ups to explore opportunities for co-investments in Europe, the Middle East and Africa.

The ODV team and Google will jointly evaluate promising investment opportunities with start-ups in the fields of new connectivities, IoT, cybersecurity, cloud, AI, fintech, as well as new business models in the Middle East and Africa.

This cooperation around financing will be extended by regular coordination meetings between the management teams of the two groups in order to examine investment opportunities around these start-ups and to accelerate the dynamics of open innovation at Orange.

"We are very proud to announce this partnership which will enable start-ups supported by Orange Digital Ventures to explore potential co-investment opportunities with Google. Through this partnership, we stand to reinforce Orange Digital Ventures’ "Smart Money" value-proposition by offering entrepreneurs with whom we work much more than just financing," said Stéphane Richard, Chairman and CEO of Orange.

"We are delighted to support Orange's ecosystem of start-ups and innovation and to explore alongside them opportunities for co-investment in Europe, Africa and the Middle East (EMEA). Orange's ecosystem is consistent with Google's know-how and our ability to accelerate the growth of start-ups. This partnership is a way to enhance our collective contribution to innovation in this region," said Carlo d'Asaro Biondo, EMEA President of Google Partnerships.

Related News

Abacus Group Acquires Hedgepoint Solutions

Abacus Group, a leading provider of hosted IT solutions and application hosting for alternative investment firms,... Read more »

Splio Acquires Startup Gowento and Integrates Mobile Wallets Into its Marketing Platform

  • The Mobile Wallets market is booming: the European rollout of Google Pay, Apple Pay's new product announcements, Samsung Pay... Read more »

Equiniti enhances pensions technology with the acquisition of Aquila from AquilaHeywood Limited

Equiniti Group plc (“Equiniti”), the multinational specialist technology outsourcer, is delighted to announce the completion of the acquisition of Aquila Group Holdings Limited... Read more »

SMIT Acquires a Hardware-based Verification Systems and Software Company

SMIT Holdings Limited ("SMIT" or the "Company," together with its subsidiaries, the "Group") (stock code: 2239), a world leading CAM supplier and a major mPOS... Read more »

OANDA Corporation Acquires GFM Solutions Group

A global leader in online multi-asset trading services and currency data and analytics, OANDA has acquired... Read more »

LendingTree to Acquire QuoteWizard.com

LendingTree, Inc. (NASDAQ: TREE) announced today that it has entered into a... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App