Google and Orange – via its Orange Digital Ventures (ODV) investment fund – are joining forces to finance game changing EMEA-based startups.
The pair will work together to identify early stage companies in Europe, the Middle East and Africa; those pioneering products in areas like IoT, fintech and AI that they think are worth investing in.
“We are very proud to announce this partnership which will enable startups 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.
It is further good news for European startups – following the announcement last month of a new multi-billion euro venture capital fund to support the growth of the continent’s startup and scaleup ecosystems.