Archive for September 2013
Melty Group, a news network aimed at Generation Y, sees soaring success through technology-driven digital media
Hard labor laws and the European economic crisis coupled with switch in advertising revenue towards digital have hit many traditional media companies hard, and France has been no different. While Le Figaro has risen to the top through its trial-and-error digital plan, including an iOS App that has fine-tuned the art of breaking news (though […]
France wants to create a school for entrepreneurs. The problem is that already exists.
During an interview with Le Figaro, Fleur Pellerin announced that she wants to create a school for entrepreneurs. The minister, in charge of small businesses, innovation and digital economy wants to make the founding of a company easier and accessible to anyone. It is for now only an announcement, but the general idea is good. […]
According to IDC report, Cloud Computing continues to take hold in France
As reported in Journal du Net, IDC has released its annual study on cloud computing in France which reaffirmed the strong growth of the sector here. According to the study, the cloud computing market (both public and private cloud as well as cloud services) reached 1.96 billion euros in France, up 46% from 2011. IDC […]
Rude VC: France’s new PEA-PME
For tech startups in France, the September rentrée from summer holidays often seems to hold regulatory and fiscal surprises, certainly from the current government administration. This year is no exception, although the rumors are promisingly less detrimental than last year’s bombshell, when the new fiscal budget announced a debilitating capital gains tax regime. The flagship […]
How Paris can use technology to solve its €100 Million fraud problem
This week the CEO of the Paris region metro system (RATP), Pierre Mongin, announced[fr] that he will implore the Minister of Transportation to increase penalties for metro, tram & bus passengers caught riding without a ticket. Fines for not buying the €1.50 metro ticket range from €30-€60 today (the latter for urinating of defecating in […]
Former Etsy country manager Stephanie Tramicheck hired as MD France at Pinterest
After announcing their launch in France earlier this year, Pinterest has chosen its country manager, according to Frenchweb. Serial entrepreneur and former country manager of France for Etsy Stephanie Tramicheck is said to have recently taken the role of country manager for the company, heading up operations & market expansion in France. Sources close to […]
Doubling its market share in just one year, Free continues to shake up France’s telco market
Last week, Iliad, Free’s parent company, announced some very big results, proving that despite Orange’s, SFR’s and Bouygues‘ fairly effective response to Free’s entry into mobile, Free’s momentum isn’t slowing. If anything, it looks to be picking up steam. Some of the big highlights were – a doubling of its market share to 10% in […]
ISAI closes its €50 Million Expansion fund for acquisitions, buy-outs & growth
ISAI announced today that they have put a hard cap on their latest fund, “ISAI Expansion,” closing €50 Million, now including department store Galeries Lafayette (think French Macy’s), in addition to video media giant Groupe M6 & Groupe Amaury among their “corporate” investors. The new fund, which will include investments between 1M-7M€ (up to 15€ with […]
Condé Nast invests $20 Million in Vestiaire Collective’s Luxury Resale Site
Luxury Resale store Vestiaire Collective has a new monster round of funding of $20 Million from none other than Condé Nast, which owns notable fashion media properties like Vogue, GQ, Glamour & more. IdInvest also participated in the round alongside previous investors Balderton Capital & Ventech. As reported by the Financial Times, Vestiaire Collective focuses on filtering out […]
Calling it Quits: Post-Mortem of a Seedcamp company
When I first met Stan, co-founder of tl;dr.io, he pitched me the ‘summary layer’ that he wanted to build on top of the internet, and, frankly, I just didn’t buy it. As a content company, I knew how tough it is to maintain that level of content, a certain level of quality, and get the […]