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Iris Capital raises €250m

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Iris Capital held a first close on €250 million for its IrisNext. The Paris-headquartered firm has set an undisclosed target and began fundraising in 2015.

Investors that committed to IrisNext include the Bpifrance, BRED Banque Populaire and Valeo.

The fund will target startups from seed to growth stage in digital transformation sectors in Europe.