December 19, 2011
Edenred joins with Partech International to promote innovation
In line with its Invent 2016 strategy to prepare its expansion into new territories, Edenred today announced a partnership with venture capital firm Partech International.
The Group is investing €15 million in the Partech International VI fund, which is raising an initial €100 million. The fund will invest in young, fast-growing companies involved in the digital economy and offering new web-based, e-commerce and e-marketing services as well as new payment media solutions.
The investment will enable Edenred to explore new opportunities in adjacent sectors. Edenred will also be able to track emerging developments, with the goal of anticipating changes that impact its shareholders: client companies, employees and affiliates.
Through its support for high potential companies, Edenred – in keeping with its pioneering spirit – has made innovation a priority driver of future growth.
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Press release • Finance
