Iris Capital
{{short description|Franco-German venture capital firm}}
{{Infobox company
| name = Iris Capital Management
| logo = IRIS Logo jpg.jpg
| industry = Venture capital
| foundation = {{Start date and age|1986}}
| location = Paris, France
| locations = 7 (Paris, San Francisco, Berlin, Munich, Tel Aviv, Tokyo, Dubai)
| assets = {{€|900 million+|link=yes}}
| website = {{url|www.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.[http://www.cdcentreprises.fr/portefeuille/fiche/fonds_directs/A321/iris%20capital%20fund%20iii.php Investment vehicle description of Iris Capital Fund III] Iris Capital is sponsored by Orange and Publicis since 2012.[https://techcrunch.com/2012/03/12/another-european-carrier-goes-vc-orange-partners-with-publicis-iris-in-400m-fund/ Another European Carrier Goes VC: Orange Partners With Publicis, Iris In $400M Fund]
Overview
Created in 1986, within the Caisse des Dépôts, the team was spun off in 2003 and became Iris Capital.[http://www.01net.com/editorial/226757/partcom-leve-100-millions-et-devient-iris-capital/ Partcom lève 100 millions et devient Iris Capital] 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.{{cite web|title=Iris Capital is a European #VC firm fueling #entrepreneurs in Europe and far beyond since 1986|url=https://www.societe.tech/iris-capital-le-fonds-de-capital-risque-dedie-a-leconomie-numerique/|website=Societe.tech|date=2020-06-09}}
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.{{Cite web |date=2015-11-02 |title=IrisNext éclot avec 500 M€ en ligne de mire |url=https://capitalfinance.lesechos.fr/fonds/levees/irisnext-eclot-avec-500-m-en-ligne-de-mire-110853 |access-date=2022-05-17 |website=Capital Finance |language=fr}} In 2017, the multi-corporate venture fund extended its model and welcomed new partners, BRED/Banque Populaire and Valeo,{{Cite web |last=Ohr |first=Thomas |date=2017-06-21 |title=Iris Capital announces new €250 million VC fund IrisNext to invest in European startups |url=https://www.eu-startups.com/2017/06/iris-capital-announces-new-e250-million-vc-fund-irisnext-to-invest-in-european-startups/ |access-date=2022-05-17 |website=EU-Startups |language=en-US}} joined in 2019 by Bridgestone.{{Cite web |last=Loye |first=Deborah |date=2019-01-17 |title=Bridgestone va investir en Europe à travers Iris Capital |url=https://business.lesechos.fr/entrepreneurs/financer-sa-creation/0600521647239-bridgestone-va-investir-en-europe-a-travers-iris-capital-326319.php#Xtor=AD-6000 |access-date=2022-05-17 |website=Les Echos Executives |language=fr}}
Geographical reach
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.[http://www.investmenteurope.net/investment-europe/news/2228391/vc-firm-iris-capital-in-ambitious-expansion-plans VC firm Iris Capital in ambitious expansion plans] Moreover, Iris Capital in the Middle East is the fund manager of STC Ventures, the corporate venture fund of Saudi Arabian telecom operator, STC.{{Cite web |url=http://www.iriscapital.com/en/content/iris-capital-manages-stc-ventures-newly-established-saudi-telecom-group-venture-fund |title=Iris Capital manages STC Ventures, the newly-established Saudi Telecom Group venture fund |access-date=2013-02-21 |archive-url=https://web.archive.org/web/20140512221116/http://www.iriscapital.com/en/content/iris-capital-manages-stc-ventures-newly-established-saudi-telecom-group-venture-fund |archive-date=2014-05-12 |url-status=dead }} Iris Capital is based in Paris and has offices in San Francisco, Berlin, Munich, Tel Aviv, Tokyo, and Dubai.{{cite web |url=https://iriscapital.com/en/contact-us |title=Iris Capital locations |website=Iris Capital |access-date=2022-06-02}}
Portfolio
= Current Portfolio =
Among Iris Capital's recent portfolio companies are the following:
- Adjust – Germany: Attribution and analytics for apps[https://venturebeat.com/2014/09/08/berlins-adjust-app-analytics-firm-raises-7-6m-as-it-expands-overseas Berlin’s Adjust app analytics firm raises $7.6M as it expands overseas]
- Adomik – France: Yield management of programmatic ad inventory[http://www.mediapost.com/publications/article/200567/sell-side-solutions-provider-adomik-raises-eur13.html Sell-Side Solutions Provider Adomik Raises 1.3 Million Euroes]
- Getsafe – Germany: App to manage insurance on smartphones[http://www.the-digital-insurer.com/dia/getsafe-digital-insurance-manager/ GetSafe Digital Insurance Manager]
- iAdvize – France: Conversational commerce platform[https://techcrunch.com/2015/09/21/iadvize-grabs-16-million-for-its-customer-engagement-platform/ iAdvize Grabs $16 Million For Its Customer Engagement Platform ]
- Kyriba – France/US: treasury solutions in the cloud[http://www.kyriba.com/company/press-room/kyriba-raises-106m-growth-financing-iris-capital-and-existing-investor-bred Kyriba Raises $10.6M in Growth Financing from Iris Capital and existing investor BRED]
- Lookout – US: mobile security[http://www.privateequitywire.co.uk/2012/12/05/177136/iris-capital-invests-lookout Iris Capital invests in Lookout]
- PlaceIQ – US: Location intelligence services[https://techcrunch.com/2014/02/10/placeiq-series-c/ Location-Focused Ad Startup PlaceIQ Raises $15M More ]
- Quantifind – US[https://techcrunch.com/2014/07/22/quantifind-funding/ Quantifind Raises $12M To Translate Social Media Data Into Sales ]
- ReBuy – Germany: Online commerce[http://www.palico.com/articles/iris-capital-led-a-funding-round-for-rebuy-recommerce-gmbh/a2af3e14a68d4019af59676478b7307c Iris Capital led a funding round for reBuy reCommerce GmbH. ]
- Scality – France/US: Storage management and infrastructure software[http://www.scality.com/about-us/press/scality-closes-45-million-dollar-series-d-funding/ Scality Closes $45 Million Series D Funding to Transform the Storage Industry with Software-Based Storage Solution]
- Searchmetrics – Germany: SEO software{{Cite web |last=Butcher |first=Mike |date=2011-01-11 |title=Searchmetrics raises $6.75 million C-round financing to expand globally |url=https://techcrunch.com/2011/01/11/searchmetrics-raises-6-75-million-c-round-financing-to-expand-globally/ |access-date=2024-07-11 |website=TechCrunch |language=en-US}}
- Secret Double Octopus – Israel: Password-free authentication[http://www.prnewswire.com/news-releases/secret-double-octopus-raises-6-million-to-protect-identity-and-data-using-nuclear-launch-code-safety-algorithms-611639245.html Secret Double Octopus Raises $6 Million to Protect Identity and Data Using Nuclear Launch Code Safety Algorithms]
- Shift Technology – France: Fraud detection software in insurance[https://techcrunch.com/2016/05/18/shift-technology-grabs-10-million-to-prevent-fraudulent-insurance-claims/Shift Technology grabs $10 million to prevent fraudulent insurance claims ]
- Studitemps – Germany: Temp workers{{usurped|1=[https://web.archive.org/web/20160819042542/http://theheureka.com/20150610-studitemps Searchmetrics raises $6.75 million C-round financing to expand globally ]}}
- Yodo1 – China[https://techcrunch.com/2013/12/10/yodo1-2/ Cross-Cultural Mobile Games Publisher Yodo1 Raises $11M Led By GGV Capital ]
= Past Portfolio Investments =
Past portfolio companies Iris Capital has backed{{Citation needed|date=July 2022}}:
- 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 Inference – Pays-Bas (acquired by Neopost)
- Instant Luxe – France (acquired by Galeries Lafayette)
- Kiala – Belgium (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
{{Reflist}}
External links
- {{Official website|http://www.iriscapital.com}}
- [http://www.stcventures.com STC Ventures' website]
Category:Venture capital firms of France
Category:Financial services companies established in 1986