Venture Capital Fund

ABOUT IRIS CAPITAL

▪ Leading European VC with a Global reach

▪ Investing in the Digital Economy

▪ At any stages – from 500k to 20Millions

▪ Independent multi-corporate venture

▪ Founded in 1986

▪ Active portfolio: 60 companies

▪ With:

PowerPoint

Presentation

ABOUT MEPartner @ Iris Capital | Early Stage Team

Julien David Nitlech

▪ Priorly @Orange, NA BusDev, Strategic Partnership, Head of portfolio Devices▪ Startup launcher: European activities of US based startup Apperian▪ Iris Capital: Cloud & Mobile technologies, E-commerce, Saas & IOT | Early Stage

We are living in a new era fueled by structural changes

Cost of developing technology, building a (cloud) infrastructure and commercial release have gone down from €100k to €10k thanks to available infra & services

Accessibility, networks and speed have allowed entrepreneurial successes to multiply & breed new vocations & seeding

Entrepreneurial paths are now taught, pursued and followed in all universities & schools

Innovation is progressively

outsourced to start-ups

Total European R&D’s spending in 2015 was $299b (+4,4%yoy)…

… while total European corporate investment in 2015 was €4.4b (+144%yoy)

U.S. example:

Cisco acquired 71 companies between 1993 and 2001

Cisco sales increased from $650 million to $22 billion in 2001, with nearly 40% of its revenue coming from acquisitions

Source: Eurostat; Dealroom; Mc Kinsey Report May 2017

There are several corporate levers to address innovation

STRATEGIC PARTNERSHIP

CORPORATE VENTUREACQUISITION

$680b for the top 1,000 companies

(Fortune)

INTERNAL

The amount of corporate money dedicated to Venture has tremendously increased in the past 5 years

• Either through investment in multi-corporate venture funds…• … or through direct venture deals

Source: dealroom.co Report

French Tech displays an increasing momentum…

Source: dealroom.co Report

… justifying a tremendous fundraising momentum

Source: Dealroom.co

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What corporates gain investing in a multi-corporate VC?

EXPOSURE TO A

WIDER DEALFLOW

DEDICATED

RELATIONSHIPSVISIBLE PRESENCE

Corporates who invested in iris got exposed to relevant

companies for their activities..

EXPOSITION TO RELEVANT COMPANIES

SYNERGY GENERATION WITH STARTUPS

OPENED COPORATES VENTURE INITIATIVESSmaller amounts,

more strategic Focus.

Our formula for allowing successful corporate innovation

Launched

Accelerators

Build partnerships with

portfolio companies

A few joint successes…

US EUROPE

Now, real success is in the hands of corporates… by acquiring companies

• In France:• 66 % of companies declare that

innovation is the leader for startup topics

• 83% of Top 250 companies CEO are supporting strong startups relations

• Only 6 of the top 125 companies have acquired startups

• Looking forward to more exits !

Source: Barometre French tech BPI France report 2017

Thank you!