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Orange launches Digital Ventures | a $23M funding vehicle for start-ups

ORANGEOrange has launched an “early stage” investment program branded Orange Digital Ventures to identify and fund start-ups during their initial development in markets it operates including in Europe and Africa.

Orange Digital Ventures will focus on financing start-ups  working on the new and next transformations of the telecoms and digital  sectors especially those aimed at improving communication, connectivity, the cloud, payment, the  Internet of Things and big data, e-Health and security services.

The firm has earmarked $23 million (20 million Euros) for its first  year to invest in startups for minority holdings and help the startups in their global expansion  as an investor and catalyst.

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Last year, Orange Fab launched in Ivory Coast to  facilitate the development of start-ups in the Ivorian economic system. Orange Fab just like Digital Ventures aim to support, internationally, the growth of start-ups.

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Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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