Orange invests in the ‘Move Capital I’ venture capital fund to support European B2B technology companies
Posted on January 04, 2022
Orange, via its holding company Orange Digital Investment, invests in the âMove Capital Iâ fund, a Kepler Cheuvreux Invest âTech Growthâ fund which supports future B2B champions of European tech. Move Capital is active in the digital fields: IoT, Artificial Intelligence, Data Analytics, Cybersecurity, Cloud and Industry 4.0.
This investment is a boost for Orange Business Services, the global corporate entity of the Orange group.
Orange Business Services and Move Capital share a common vision: to support, support and finance French and European technology companies in the B2B digital sector to facilitate their development and emergence and ensure European technological sovereignty.
The B2B technological ecosystem is changing with a series of events such as the deployment of 5G, the data boom, the rise of connected objects, the migration of services and solutions to the cloud and, overall, the need to protect these ecosystems with cybersecurity solutions.
For Orange Business Services, these rapid changes underline the importance of relying on trusted partners. The digital economy is being restructured around an ecosystem of partners whose objective is to combine the best technologies on the market to cover the needs of innovative companies across the entire value chain.
By joining forces with the Move Capital I fund, Orange Business Services confirms its desire to become a stakeholder in a recognized panel of promising European technology companies in order to enrich its innovation strategy.
âWe are convinced that this investment in the Move Capital I fund is essential to anticipate the needs of our clients, to strengthen the innovation and expertise of our services in a dynamic B2B market landscape. As a digital services company native to the network, we take advantage of a rich and innovative ecosystem to support our clients in their digital transformation and create a positive impact on their activities. A European digital approach to B2B is highly valued by our global customers given the increasing fragmentation of digital ecosystems. said Laurent Godicheau, director of strategy for Orange Business Services.
âThis investment in the Move Capital I fund will allow us, beyond the expected financial return, to set up a strong partnership with the Move Capital and Kepler Cheuvreux Invest teams and their ecosystem. We are delighted to support Orange Business Services in this aspect of their innovation strategy by actively developing this partnership and new synergies â, announced MaÃ¯ de la RochefordiÃ¨re, Deputy CEO of Orange Digital Investment.
âWe are very satisfied with the confidence that Orange, as a benchmark investor, places in the Move Capital fund. With Orange Business Services, we have a common vision and a desire to support the emergence of French and European technology companies to further strengthen this ecosystem. added Sophie Sursock and HervÃ© MalaussÃ©na, the co-founders of Move Capital.