Teralys Capital Invests $15 million in Québec with Iris Capital in partnership with Orange and Publicis Groupe, Looks To Strength Quebec's Digital Ecosystem

BY: 

Dave Forde
October 24, 2012

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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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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