Teralys Capital announced a $15 million investment in Iris Capital III, a $200 million international venture capital fund to support high-growth enterprises. This funds will be used to invest in local Québec-based companies and facilitates the immediate opening of the first North American office of this leading European investor in the new digital economy.
Iris Capital focused on investing within the Media, Telecommunications and Information Technologies sectors for over the last 25 years.
“Québec offers unique world-class technology expertise which agrees with our investment strategy”, said Pierre de Fouquet, Managing Partner of Iris Capital. “Furthermore, with Teralys Capital’s commitment, we are very pleased that we can now maintain a permanent presence in Québec and thus facilitate our search for new investment opportunities.”
The project is strongly supported by Publicis Groupe and Orange, which chose Iris Capital to manage their Joint Corporate Venture initiative of a total amount of €300 million. In this context, Orange and Publicis invested in the funds OP Venture managed by Iris.
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