Cisco is injecting $55m in funds being raised by Partech Ventures and Idinvest Partners, alongside an undisclosed amount for big data company Intersec.
US-based networking equipment manufacturer Cisco has invested €34m ($36.7m) in private equity firm Partech Ventures’ technology fund and €17m ($18.4m) in private equity firm Idinvest Partners’ Digital Fund II, according to Les Echos.
Idinvest Digital Fund II focuses on digital technologies, including internet, e-commerce and telecommunications. Partech has not yet released details about its new fund.
Cisco has also invested an undisclosed amount in France-based big data analytics provider Intersec as part of a strategic partnership. The money will support…
