The Lyreco Group, which is number three worldwide in the distribution of workplace supplies solutions to businesses, 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 Partech, a pioneer in corporate relations, 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, a global investment firm headquartered in Paris and with offices in San Francisco, Berlin and Dakar, has strong connections with start-ups across Europe and the US. Focusing on seed investments, Partech Entrepreneur III gives Lyreco access to a significant volume of over 2,000 new start-ups per year in areas such as eCommerce, services, workplace automation, logistics, SaaS, social media, data, and virtual and/or augmented reality.
“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”, says Hervé Milcent, Lyreco’s CEO.
“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”, says Ludovic Teinte, Lyreco’s head of corporate development.
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 outstanding growth potential, well-proven technologies and top-quality teams.
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