Iris Capital launches €250m European tech investment fund
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Iris Capital, a Paris-based VC firm, has raised €250m to invest in European tech.
The firm will back startups from the Seed to growth stage and will seek to invest from €1m up to €30m.
A spokesperson told Tech City News that Iris Capital would seek to deploy some of the fund to fuel “great UK startups and, or, support the UK expansion of international startups”.
Known as ‘IrisNext’, the fund drew investment from corporates such as Orange, Publicis and Valeo, which were joined by Bpifrance and BRED Banque Populaire.