Orange's Investment Fund Invests in German Startup Raisin

Date : 05/09/2019 @ 10:41PM
Source : Dow Jones News
Stock : Orange. (ORA)
Quote : 14.77  0.27 (1.86%) @ 10:00AM
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Orange's Investment Fund Invests in German Startup Raisin

Orange (EU:ORA)
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   By Cristina Roca 
 

Orange (ORA.FR) said Thursday that its early-stage technology investment fund, Orange Digital Ventures, has invested in Raisin, a German financial technology startup.

The French company said it participated in a financing round of 100 million euros ($112 million) for the startup, which is a pan-European marketplace for savings products.

The new financing round will allow Raisin to expand to two new markets this year as well as to develop the range of investment products it offers, Orange said.

 

Write to Cristina Roca at cristina.roca@dowjones.com

 

(END) Dow Jones Newswires

May 09, 2019 10:26 ET (14:26 GMT)

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