Chanel, Cisco, Ecnocom, EDF, Groupama, JCDecaux, Orange and RATP were among the limited partners for the first close of Paris-Saclay University's seed fund.
Paris-Saclay University achieved the first close of its €50m ($53m) seed fund last week thanks to contributions from investors including several corporates.
Luxury consumer goods producer Chanel, networking equipment maker Cisco, digital services provider Econocom, energy utility EDF, insurer Groupama, outdoor advertising firm JCDecaux, telecommunications firm Orange and public transport operator RATP all supplied capital.
Additional finance came from financial services firms BNP Paribas and Société Générale, French public investment bank Bpifrance and several dozen angel investors – made up…
