The Lyreco Group is marking its entry into the world of venture capital with a first investment in the Partech Entrepreneur III fund. The move to partner with global investment firm, Partech, sees Lyreco accelerate its transformation strategy with innovation at the heart of its development.
Lyreco is rolling out innovations at all levels of its organisation to support its clients in their transformations and help them adapt their working environments to the challenges of tomorrow.
Partech Entrepreneur III gives Lyreco access to over 2,000 new start-ups per year in areas such as e-commerce, services, workplace automation, logistics, SaaS, social media, data, and virtual and/or augmented reality.
Hervé Milcent, Lyreco's CEO said, "this investment is fully aligned with our transformation plan, launched 18 months ago. We want to explore new innovative solutions and be able to offer our customers new services that meet their requirements."
Ludovic Teinte, Lyreco's Head of Corporate Development said, "Partech will help us to structure our approach to the start-up ecosystem, and this investment completes our M&A process to detect the next digital leaders. It is a monitoring tool giving us the ability to better anticipate changes that will transform our sector and to integrate digital more rapidly in our strategy and our services."
As the only firm from its sector in the fund, Lyreco is also determined to deliver its expertise, operational experience and international footprint to start-ups selected for their growth potential, technologies and teams.
Romain Lavault, General Partner for Partech Entrepreneur III added, "Partech is delighted to have Lyreco as an investor alongside the major corporates and institutions that have joined Partech Entrepreneur III, and to benefit from its international coverage and B2B expertise."