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Iris Capital

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Iris Capital Management
IndustryVenture capital
Founded1986; 38 years ago (1986)
HeadquartersParis, France
Number of locations
7 (Paris, San Francisco, Berlin, Munich, Tel Aviv, Tokyo, Dubai)
Total assets900 million+
Websitewww.iriscapital.com

Iris Capital is a venture capital firm, specialized in the digital economy, primarily active in Europe. Since its creation, the Iris Capital team has invested more than a billion Euros in over 230 innovative companies.[1] Iris Capital is sponsored by Orange and Publicis since 2012.[2]

Overview

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Created in 1986, within the Caisse des Dépôts, the team was spun off in 2003 and became Iris Capital.[3] Investing internationally since 1991, Iris Capital has always held a sector-specific strategy covering media, telecommunications, information technology and Internet services, which have converged into today's digital economy.[4]

In 2012, Iris Capital entered into a partnership with Orange and Publicis who chose it as manager of their joint multi-corporate venture fund initiative dedicated to the digital economy.[5] In 2017, the multi-corporate venture fund extended its model and welcomed new partners, BRED/Banque Populaire and Valeo,[6] joined in 2019 by Bridgestone.[7]

Geographical reach

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Iris Capital has invested in over 20 countries (of which 18 in Europe) and is mainly active in continental Europe, with a core activity in France, Germany, Benelux and Switzerland. Iris Capital acts as lead investor or in some circumstances as value-added co-investor.[8] Moreover, Iris Capital in the Middle East is the fund manager of STC Ventures, the corporate venture fund of Saudi Arabian telecom operator, STC.[9] Iris Capital is based in Paris and has offices in San Francisco, Berlin, Munich, Tel Aviv, Tokyo, and Dubai.[10]

Portfolio

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Current Portfolio

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Among Iris Capital's recent portfolio companies are the following:

  • Adjust – Germany: Attribution and analytics for apps[11]
  • Adomik – France: Yield management of programmatic ad inventory[12]
  • Getsafe – Germany: App to manage insurance on smartphones[13]
  • iAdvize – France: Conversational commerce platform[14]
  • Kyriba – France/US: treasury solutions in the cloud[15]
  • Lookout – US: mobile security[16]
  • PlaceIQ – US: Location intelligence services[17]
  • Quantifind – US[18]
  • ReBuy – Germany: Online commerce[19]
  • Scality – France/US: Storage management and infrastructure software[20]
  • Searchmetrics – Germany: SEO software[21]
  • Secret Double OctopusIsrael: Password-free authentication[22]
  • Shift Technology – France: Fraud detection software in insurance[23]
  • Studitemps – Germany: Temp workers[24]
  • Yodo1China[25]

Past Portfolio Investments

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Past portfolio companies Iris Capital has backed[citation needed]:

  • Instant Luxe – France (acquired by Galeries Lafayette)
  • ProWebCE – France (acquired by Edenred)
  • Mister Auto – France (acquired by PSA Peugeot Citroën)
  • MoPub – France (acquired by Twitter)
  • Alphanim – France (acquired by Gaumont)
  • Cirpack – France (acquired by Thomson/Technicolor)
  • Careem – Dubai (acquired by Uber)
  • Cobi – Germany (acquired by Bosch)
  • Computec – Germany (acquired by Marquard Media)
  • Erenis – France (acquired by Neuf Cegetel/SFR)
  • FastBooking – France (acquired by 3i and EDRIP)
  • Gengo – France (acquired by Lionbridge)
  • Human InferencePays-Bas (acquired by Neopost)
  • Instant Luxe – France (acquired by Galeries Lafayette)
  • KialaBelgium (acquired by UPS)
  • Let It Wave – France (acquired by Zoran)
  • Mailjet – France (acquired by Mailgun)
  • Marco Vasco – France (acquired by Groupe Figaro)
  • Mister-auto – France (acquired by PSA)
  • Mopub – US (acquired by Twitter)
  • Netatmo – France (acquired by Legrand)
  • Oodrive – France (acquired by R Capital Management)
  • OpenTrust – France (acquired by Keynectis)
  • Phone.com – US (listed on NASDAQ – now Openwave)
  • QSC – Germany (listed on TecDAX)
  • Store Electronic System – France (acquired by LBO France)
  • Talend – France (IPO (Nasdaq))
  • Vox Mobili – France (acquired by On Mobile)
  • Wavecom – France (listed on NASDAQ and Euronext, acquired by Sierra Wireless)
  • Zantaz – US (acquired by Autonomy)

References

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  1. ^ Investment vehicle description of Iris Capital Fund III
  2. ^ Another European Carrier Goes VC: Orange Partners With Publicis, Iris In $400M Fund
  3. ^ Partcom lève 100 millions et devient Iris Capital
  4. ^ "Iris Capital is a European #VC firm fueling #entrepreneurs in Europe and far beyond since 1986". Societe.tech. 2020-06-09.
  5. ^ "IrisNext éclot avec 500 M€ en ligne de mire". Capital Finance (in French). 2015-11-02. Retrieved 2022-05-17.
  6. ^ Ohr, Thomas (2017-06-21). "Iris Capital announces new €250 million VC fund IrisNext to invest in European startups". EU-Startups. Retrieved 2022-05-17.
  7. ^ Loye, Deborah (2019-01-17). "Bridgestone va investir en Europe à travers Iris Capital". Les Echos Executives (in French). Retrieved 2022-05-17.
  8. ^ VC firm Iris Capital in ambitious expansion plans
  9. ^ "Iris Capital manages STC Ventures, the newly-established Saudi Telecom Group venture fund". Archived from the original on 2014-05-12. Retrieved 2013-02-21.
  10. ^ "Iris Capital locations". Iris Capital. Retrieved 2022-06-02.
  11. ^ Berlin’s Adjust app analytics firm raises $7.6M as it expands overseas
  12. ^ Sell-Side Solutions Provider Adomik Raises 1.3 Million Euroes
  13. ^ GetSafe Digital Insurance Manager
  14. ^ iAdvize Grabs $16 Million For Its Customer Engagement Platform
  15. ^ Kyriba Raises $10.6M in Growth Financing from Iris Capital and existing investor BRED
  16. ^ Iris Capital invests in Lookout
  17. ^ Location-Focused Ad Startup PlaceIQ Raises $15M More
  18. ^ Quantifind Raises $12M To Translate Social Media Data Into Sales
  19. ^ Iris Capital led a funding round for reBuy reCommerce GmbH.
  20. ^ Scality Closes $45 Million Series D Funding to Transform the Storage Industry with Software-Based Storage Solution
  21. ^ Butcher, Mike (2011-01-11). "Searchmetrics raises $6.75 million C-round financing to expand globally". TechCrunch. Retrieved 2024-07-11.
  22. ^ Secret Double Octopus Raises $6 Million to Protect Identity and Data Using Nuclear Launch Code Safety Algorithms
  23. ^ Technology grabs $10 million to prevent fraudulent insurance claims
  24. ^ Searchmetrics raises $6.75 million C-round financing to expand globally [usurped]
  25. ^ Cross-Cultural Mobile Games Publisher Yodo1 Raises $11M Led By GGV Capital
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