Iris Capital, a Paris, France-based pan-European venture capital firm, has launched its new fund, with a first €250M closing.
Corporates investing in IrisNext’s first closing include Orange, Publicis, Valeo, Bpifrance and BRED Banque Populaire.
IrisNext is the firm’s second generation multi-corporate vehicle, and combines strategic corporates, financial investors, individuals and institutions under a fully independent management.
It will focus on digital transformation opportunities investing in fast growing companies that are reshaping entire industries from Industry 4.0, the Internet of Things, Cybersecurity and 5G networks, to Artificial Intelligence, Big Data, Cloud Computing and Software Design.
The fund will make investments from seed to growth stage, from €1m up to €30m, with a focus on France and Germany.
Led by Antoine Garrigues, Pierre de Fouquet, Erkan Kilicaslan, Erik de la Rivière, Iris Capital is a European venture capital funds’ manager specialized in the digital economy with with investments including, among others, Adjust, Careem, Kyriba, Marco Vasco, Mister Auto, Mopub, Netatmo, ReBuy, Searchmetrics, Scality, Shift Technology, and Talend.
The firm has offices in Paris, Berlin, San Francisco, Tel Aviv, Dubai and Tokyo.