Publicis, France Telecom To Float VC Fund

Paris-based advertising holding companyPublicis GroupeandFrance Telecom-Orangeare rolling out a venture capital fund to finance digital-age start-ups. The two companies have committed to jointly contributing €150 million to the new fund.

The proceeds will used to finance and develop budding entrepreneurs in the digital economy, mainly in France and the European Union. The new product will be run by a management company, with investment decisions made by an investment committee independent of both companies.

Click here fro the release fromPR Newswire.