Iris Capital, Capnamic Eye German Investments

PARIS -- Iris Capital, a leading pan-European VC focusing ondigital economy, backed by its main corporate investors Orange and Publicis, and CapnamicVentures, a rapidly rising player on the German VC scene, which recently spun off from theDuMont Schauberg media group, have entered into a partnership agreement for early-stageinvestments in Germany.The Iris Capital early-stage vehicle (‘OP Ventures Early Stage`) is dedicated to Europeaninvestments. It will co-invest alongside the newly launched multi-corporate CapnamicVentures Fund in fast growing start-ups of the German digital economy. The cooperationmay also extend to later stage investments in Germany.The two teams will closely cooperate in order to benefit most from their combined technicaland business knowledge for investment decisions and portfolio management. In combiningtheir efforts, they will also offer a broader international development perspective to theirrespective portfolio companies, benefiting in particular from Iris Capital’s presence in NorthAmerica, Asia and the Middle East.“Iris Capital has been investing in Germany for a long time. Considering that the German VCenvironment is particularly dynamic in Europe today, it is increasingly important to reinforceour presence in the early stage segment. Beyond our passion for VC, we share our strongfocus on digital economy, spin-off history and innovative and unique multi-corporateapproach with Capnamic. By joining forces, Iris and Capnamic will definitely represent amajor European early-stage VC player”, declared Antoine Garrigues, Managing Partner at IrisCapital.Iris Capital