Through its Orange Digital Investment holding, the Orange Group has decided to invest in the Digital Health 2 (DH2) fund of LBO France – a major player in the private equity sector in France. The DH2 fund plans to invest €200 million in e-health SMEs, such as QuantifiCare, Tribvn Healthcare, FeetMe and Meditect, dedicated to B2B in the growth phase in France and Western Europe.
Convinced of the potential of the e-health market, undergoing transformation thanks to the benefits of digital technology, Orange is providing additional resources to DH2 with a view to develop innovative e-health companies in France and Europe.
This initiative will have a positive impact both for the companies selected by the DH2 fund management team and for the entire e-health ecosystem.
It’s a boost for Enovacom, the health division of Orange Business Services, to achieve its ambition to become one of France’s leading digital health companies.
“We are very pleased with the confidence that Orange has placed in us. The presence of a global operator, integrator of digital services and a pioneer in e-health within the DH2 fund is a definite advantage for the portfolio companies. Enovacom will also inevitably promote the co-construction and growth of innovative companies capable of becoming world champions of e-health,” said Valéry Huot, Partner, Head of Venture at LBO France.
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