The Office Times

Lyreco joins forces with Partech

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 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, 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 e-commerce, 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.