Edenred is backing Raise Ventures while Eurazeo has boosted its smart city fund, showing activity in the French ESG space.
France-based financial services provider Edenred has joined Raise Ventures, the venture capital arm of non-profit organisation Raise Partners, to back its Seed for Good fund.
Eric Sauvage, Edenred’s executive vice-president of marketing and strategy, said: “We are thrilled to be supporting Raise and investing in the Seed for Good fund. This investment is in line with our open innovation strategy and above all our purpose.”
The deal forms part of an open innovation approach for Edenred that includes committing to VC…
