Wed, 05/12/2012 - 06:17
Iris Capital, a European venture capital group specialising in digital economy, has completed an investment in Lookout through the Orange & Publicis initiative.
Lookout specialises in smartphone security with 30 million users across 400 mobile networks in 170 countries. The company delivers protection from the growing threats facing mobile users today, including malware, phishing, privacy violations, data loss, and loss of the phone itself.
Iris Capital is joining other investors Accel Partners, Andreessen Horowitz, Khosla Ventures and Index.
Orange has announced a global strategic partnership with Lookout. Starting in France, Slovakia, Spain and the UK, Orange customers (as well as EE and T-Mobile customers in the UK) will benefit from having Lookout included on select Android devices as of 2013, with more markets and phones to come throughout 2013 and beyond. Some Orange markets will also offer the premium version of Lookout as part of Orange bundles and offers, providing a higher level of protection and privacy controls for its customers.
“We are very happy to welcome Iris Capital as a new investor, and greatly appreciated their value added during the whole process leading to this global announcement of an investment joined with a major partnership with Orange,” says John Hering, chief executive and founder at Lookout. “Europe is a key growth area for Lookout and this partnership will help us reach a large and relevant customer base, and also build awareness about Lookout.”
“By investing in the world leader in smartphone security at the very same time as this company is securing a major partnership with Orange, we continue to show our capacity to stimulate the ecosystem of our industrial sponsors by helping them work long term with the most innovative companies. We also show we can be a game changer for our investee companies,” says Denis Barrier (pictured), partner at Iris Capital.
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