Iris Capital
European VC firm originally founded 1986 within Caisse des Depots, spun off 2003 as independent and formalised the 2012 joint venture with Orange and Publicis (24.5 percent each minority shareholders); manages around EUR 1.1bn across five funds focused on European deep-tech and SaaS with notable exits Kyriba 2019 Bridgepoint USD 1bn+, LumApps 2024 Bridgepoint USD 650M, LeanIX 2023 SAP acquisition.
Key facts
Recent exits
Coverage notes
5 funds tracked, 44 portfolio companies (31 active · 13 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
44 companiesFunds & portfolio
Every fund Iris Capital has raised, with its portfolio companies. Hand-checked from public filings.
IRIS Venture IVVC2022 · 4yr€150M13 active · 2 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT |  France | 2026 | |
| TMT |  Germany | 2022 | |
| Healthcare | France | 2025 | |
| SaaS | Germany | 2018 | |
| TMT | France | 2023 | |
| TMT | Germany | 2025 | |
| TMT | France | 2026 | |
| Data & Analytics | France | 2025 | |
| Logistics | Germany | 2025 | |
| SaaS | France | 2025 | |
| TMT |  Spain | 2022 | |
| TMT | France | 2022 | |
| Fintech | France | 2023 |
France· Entry 2026Germany· Entry 2022France· Entry 2025Germany· Entry 2018France· Entry 2023Germany· Entry 2025France· Entry 2026France· Entry 2025Germany· Entry 2025France· Entry 2025Spain· Entry 2022France· Entry 2022France· Entry 2023Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| TMT | France | 2023 | 2026 | Trade Sale | – | ||
| Software | France | 2023 | 2025 | Trade Sale | – |
IRIS Growth FundGrowth2018 · 8yr€250M1 active · 2 realized
NetherlandsIrisNextVCHarvesting2017 · 9yr€300M10 active · 1 realized
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | France | 2016 | |
| AdTech | France | 2017 | |
| Industrials | France | 2017 | |
| TMT | Germany | 2018 | |
| TMT | France | 2015 | |
| HR Tech | Germany | 2015 | |
| Cybersecurity |  US | 2012 | |
| Software | Germany | 2017 | |
| SaaS | Germany | 2021 | |
| TMT | France | 2019 |
France· Entry 2016France· Entry 2017France· Entry 2017Germany· Entry 2018France· Entry 2015Germany· Entry 2015US· Entry 2012Germany· Entry 2017Germany· Entry 2021France· Entry 2019
IRIS FundGrowthHarvesting2015 · 11yr€300M2 active · 4 realized
Unrealized
2 heldRealized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| TMT | Germany | 2017 | 2023 | Trade Sale | – | ||
| TMT | France | 2018 | 2024 | Secondary | – | ||
| Software | France | 2015 | 2019 | Trade Sale | – | ||
| TMT | France | 2019 | 2023 | Trade Sale | – |
Iris Capital Fund IIIGrowthRealized2010 · 16yr€350M5 active · 4 realized
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AI/ML | US | 2014 | |
| E-commerce | Germany | 2013 | |
| AI/ML | France | 2013 | |
| InsurTech | France | 2014 | |
| Gaming | China | 2013 |
US· Entry 2014Germany· Entry 2013France· Entry 2013France· Entry 2014Realized
4 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| SaaS | France | 2013 | 2024 | Trade Sale | – | ||
| TMT | France | 2010 | 2019 | Secondary | |||
| Software | France | 2006 | 2025 | Trade Sale | – | ||
| TMT | France | 2013 | 2018 | Trade Sale | – |
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About Iris Capital
Iris Capital is a European venture capital firm with €1.1 billion of assets under management as of December 2024, originally founded in 1986 within Caisse des Dépôts before spinning off as an independent platform in 2003. The firm formalised a 2012 joint venture with Orange and Publicis (each 24.5% minority shareholders), creating a distinctive corporate-VC partnership structure aligned with technology and digital media themes across European and selectively US markets.
Investment thesis
Iris Capital targets European and selectively US technology and digital media companies across early-stage venture and growth equity, deploying through five active funds focused on tech innovation themes. Sector focus spans TMT (digital media, telecom technology, enterprise software) and Industrials (industrial technology, IoT, automation). The corporate-VC partnership with Orange and Publicis provides strategic relationships with two major European telecom and advertising groups supporting portfolio company development.
Recent activity
Recent realised exits include LumApps (TMT, 2024) and LeanIX (TMT, 2023), reflecting selective distribution activity across the technology venture portfolio. The platform tracks 5 funds, 10 active portfolio companies and 3 realised exits across the multi-decade European tech VC track record. Detailed buyer names and multiple data available on Pro at €29/month.
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France·€1.3BGet the full picture on Iris Capital.
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