Orange Digital Investment
Orange Ventures is the corporate venture capital arm of French telecom group Orange SA, with a EUR 350M total allocation to invest in technology and digital companies aligned with Orange's strategic priorities. Founded in December 2015 as Orange Digital Ventures and rebranded Orange Ventures in 2020 with a broader scope, the firm is wholly owned by Orange, invests from the group's balance sheet and is not AMF-regulated. It runs four sub-strategies: Orange Ventures Growth (2024 vintage, Series B and later tickets in European tech), Orange Ventures Impact (2023 vintage, early-stage purpose-driven sustainability and inclusion), the Orange Ventures MEA Seed Fund (2020 vintage, seed-stage Middle East and Africa startups) and the legacy Orange Digital Ventures Africa strategy (2017 vintage). Headquartered in Issy-les-Moulineaux with a Dakar office for Africa coverage, it has been led by President Mathieu de la Rochefoucauld since June 2025, with Jerome Berger as Chair. The firm has backed approximately 47 portfolio companies across France, Europe, the Middle East and Africa, with confirmed exits including Actility (trade sale to Sweden's Netmore Group, January 2026), Brut (trade sale to an undisclosed strategic media buyer, September 2025) and Traace (trade sale, buyer undisclosed, May 2024). Notable holdings include Dataiku and Monzo (both 2017 entries), Famoco (payment terminals), Morphisec (cybersecurity), Airalo (eSIM, 2023 Series B), Ringover (cloud telephony), Supervizor (audit software, EUR 20M round led in 2024) and Moments Lab (AI video indexing, 2025). The Africa portfolio spans Kenya, Egypt, South Africa, Ethiopia and Senegal with companies such as Africa's Talking, Yoco, Gebeya, Trella, ShipBlu, 7Keema and Afrikamart. The strategy targets fintech, digital health, connectivity, AI, cybersecurity, climate tech and B2B SaaS with check sizes from EUR 0.5M at seed to EUR 10M in growth equity.
Orange Digital Investment is an Issy-les-Moulineaux venture capital firm with €350M AUM, 47 active companies and 5 exits.
- ·5 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 5 realized deals: 5 years.
- ·Top sector focus: TMT (29% of portfolio).
- ·Fund cadence: ~2Y between vintages · last raise 2024.
Sector breakdown
52 companiesGeography breakdown
10 geographiesKey facts
Recent exits
Orange Digital Investment sold Actility to Netmore Group in 2026 after 10 years.
Orange Digital Investment sold Brut. to CMA CGM (CMA Media) in 2025 after 4 years.
Orange Digital Investment sold InterCloud to BSO in 2025 after 1 year.
Orange Digital Investment sold Traace to Tennaxia in 2024 after 2 years.
Coverage notes
4 funds tracked, 52 portfolio companies (47 active · 5 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Orange Digital Investment has raised, with its portfolio companies. Hand-checked from public filings.
Orange Ventures GrowthVC2024€150M6 assetsVC2024 · 2yr€150M6–
Unrealized
6 held| Company | Entry |
|---|---|
| Back Office for Business Business Services · France | 2024 |
| Biolevate HealthTech · France | 2026 |
| HappyRobot Software · United States | 2026 |
| Moments Lab TMT · France | 2025 |
| Multiverse Computing Deep Tech · Spain | 2026 |
| Supervizor SaaS · France | 2024 |
Orange Ventures ImpactVC2023€150M6 assets1 exitsVC2023 · 3yr€150M61
Orange Ventures MEA Seed FundVC2020€50M19 assets1 exitsVC2020 · 6yr€50M191
Unrealized
19 held| Company | Entry |
|---|---|
| 7Keema HealthTech · Egypt | 2021 |
| Airalo Telecom · France | 2023 |
| Batch SaaS · France | 2022 |
| Chari.ma E-commerce · France | 2021 |
| Dabchy E-commerce · France | 2021 |
| Epoca HealthTech · France | 2022 |
| Julaya Fintech · France | 2021 |
| Lamma E-commerce · France | 2022 |
| Moja Ride TMT · France | 2021 |
| Nucleon Security Cybersecurity · France | 2025 |
| Ringover Telecom · France | 2023 |
| Sayna TMT · France | 2022 |
| ShipBlu TMT · Egypt | 2022 |
| Socium HR Tech · France | 2024 |
| SudPay Fintech · France | 2021 |
| Terragon TMT · France | 2022 |
| ToumAI TMT · France | 2025 |
| Trella TMT · Egypt | 2021 |
| Waspito TMT · France | 2022 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Brut. TMT · France | 2021 | 2025 | Trade Sale | CMA CGM (CMA Media) | – |
Orange Digital Ventures AfricaVC2017€50M16 assets3 exitsVC2017 · 9yr€50M163
Unrealized
16 held| Company | Entry |
|---|---|
| Africa’s Talking Telecom · Kenya | 2018 |
| Afrikamart E-commerce · France | 2022 |
| Bryj TMT · France | 2019 |
| Chain TMT · France | 2016 |
| Cycloid DevTools · France | 2019 |
| Dataiku AI/ML · US | 2017 |
| Famoco TMT · France | 2017 |
| Gebeya TMT · Ethiopia | 2019 |
| Monzo Fintech · UK | 2017 |
| Morphisec Cybersecurity · France | 2017 |
| PayJoy Fintech · US | 2018 |
| Pretto Fintech · France | 2019 |
| Raisin Fintech · Germany | 2021 |
| Wevr Gaming · US | 2017 |
| Yoco Fintech · South Africa | 2018 |
| YouVerify TMT · South Africa | 2021 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Actility Telecom · France | 2016 | 2026 | Trade Sale | Netmore Group | – |
| InterCloud Telecom · France | 2024 | 2025 | Trade Sale | BSO | – |
| KissKissBankBank TMT · France | 2017 | 2024 | Trade Sale | Ulule | – |
About Orange Digital Investment
Orange Digital Investment operates as a corporate venture capital platform with €750 million of assets under management as of December 2024 and a founding year of 1974, headquartered in Paris. The strategy combines financial returns with strategic alignment to its parent group's industrial and technological roadmap across TMT, software, healthcare, financials and energy.
Investment thesis
Investment focus spans TMT, software, healthcare, financials and energy categories aligned with the parent group's strategic priorities, deploying capital across minority and selective majority equity positions in growth-stage companies. The platform combines financial returns with strategic alignment, providing portfolio teams with access to the parent group's commercial channels, operating expertise and selective bolt-on opportunities across France and selectively across Europe.
Recent activity
Realised exits across the current platform vintages remain limited, with the portfolio in active deployment and value-creation phase. The platform tracks 5 fund vehicles, 47 active portfolio companies and 0 realised exits across the strategy's history.
Frequently asked questions
- What investment strategy does Orange Digital Investment focus on?
- Orange Digital Investment focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does Orange Digital Investment have?
- Orange Digital Investment has 47 active portfolio companies and 5 completed exits and 4 funds tracked on GP Intel.
- Where is Orange Digital Investment headquartered?
- Orange Digital Investment is headquartered in Issy-les-Moulineaux, France.
- What is Orange Digital Investment's assets under management?
- Orange Digital Investment manages approximately €350M in assets under management.
- When was Orange Digital Investment founded?
- Orange Digital Investment was founded in 2015.
- What sectors does Orange Digital Investment invest in?
- Orange Digital Investment invests across TMT, Software, Financials, Healthcare, Industrials, Business Services.
- What are Orange Digital Investment's recent exits?
- Recent realized exits by Orange Digital Investment include: Actility (2026) to Netmore Group; Brut. (2025) to CMA CGM (CMA Media); InterCloud (2025) to BSO; Traace (2024) to Tennaxia; KissKissBankBank (2024) to Ulule.
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