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Innovation 20 January 2022

Edenred supports the RAISE group’s Seed for Good venture capital fund for European startups #TechForGood

Edenred, the world leader in earmarked funds solutions, has joined forces with Raise Ventures, the RAISE group’s investment arm for tech and digital startups, as part of the Seed for Good fund. Europe’s first venture capital vehicle to integrate environmental, social and governance (ESG) criteria into its investment and support strategy from the onset, Seed for Good aims to nurture the continent’s responsible tech leaders of tomorrow. With this new fund, Edenred and RAISE Ventures’ partners are seeking to support and promote the growing awareness of European tech that has emerged in recent months due to the health crisis.

Eric Sauvage, Edenred’s Executive Vice President, Marketing & Strategy, said: “As the world leader in earmarked funds solutions, Edenred actively works within the fintech ecosystem to drive sustainable value creation that benefits everyone. We’re thrilled to be supporting RAISE and investing in the Seed for Good fund. This investment is in line with our open innovation strategy and above all our purpose, ‘Enrich connections. For good.’ It will ensure we can keep using Tech for Good to build the innovative, sustainable and impactful services of tomorrow alongside European startups.”
As an investor in the fund, Edenred will act as a partner in identifying trends and pre-empting tomorrow’s best tech opportunities. The Group will also encourage up-and-comers innovating to break new ground in their industries and make a positive social or environmental impact through their initiatives. Edenred will be able to draw on market intelligence from the RAISE teams – who meet with several hundred startups in France and Europe each year – and will form part of the wider RAISE Sherpas ecosystem. Projects will be possible with startups in the portfolio, aiming to advance sustainability, build long-term partnerships or accelerate co-investments and strategic acquisitions. Edenred will facilitate interaction between its teams and Seed for Good startups to help its employees learn and share best practices and operational feedback, reinvent themselves and thrive amid digital and sustainability transformation.

This investment is part of Edenred’s global open innovation approach:

  • The Group has been working with Partech Ventures to support young, fast-growing companies involved in the digital economy, in areas such as software as a service (SaaS), e-commerce platforms and new means of payment. The Group has also invested in the Partech Africa fund more specifically to explore the African market, where mobile payment and e-commerce are booming.
  • Edenred founded its own corporate venture capital unit, Edenred Capital Partners, to acquire minority stakes in companies with high growth potential working in areas related to its businesses, thereby driving mutual value creation through synergies. Edenred Capital Partners recently acquired interests in Zenchef, Andjaro, AddWorking and Fretlink in France, LaunchPad Recruits, Beamery and Fuse Universal in the United Kingdom, Beekeeper in Switzerland and Candex in the United States.
  • Edenred also operates Edenred Factory, an international intrapreneurship program that encourages the Group’s employees to become entrepreneurs by supporting their innovative, high-potential startup projects internally.



Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day. 
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.

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