Indian Angel Network invests in French software firm
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Bangalore: Delhi based angel investing forum Indian Angel Network (IAN) is enlarging its investment platform by starting to invest in companies abroad. After investing in companies in U.S., Singapore and Sri Lanka, IAN has recently invested in French software firm, Stelae Technologies, reported VCcircle. Seven investors of IAN have made investment in Stelae which include Raman Roy (Quattro BPO), Pradeep Gupta (Cyber Media), Ashok Trivedi (iGate) and Ranjit Shastri. Apart from that IAN has also announced a partnership with Femmes Business Angels, a French all-women angel network in which two networks will leverage their contacts for their investee companies. IAN's investment in Stelae is its first investment in Europe. Prior to this, the angel firm has invested in a legal process outsourcing(LPO) firm TechLit Solution. IAN has 80 members and sectors like information technology, intellectual property, hospitality, mobile, education and internet.

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