Edenred, a France-based provider of employee services to corporations, has made its first corporate venturing investment since its summer reorganisation by joining a venture consortium investing in ProwebClub, a local provider of communication and management services for works councils.
Venture capital firms Edmond de Rothschild Investment Partners and Iris Capital joined Edenred in the deal. It is Edenred’s first direct deal after commiting 15% (€15m) of venture capital firm Partech’s latest fund at the end of last year.
It also…
