Olivier Sichel has become a partner at Paris-based venture capital company Sofinnova from France Telecom’s Wanadoo where he was chairman and chief executive.
Sichel joined France Telecom in 1998 and became chairman of Wanadoo in 2002. He restructured the internet and directory company’s activities in Spain, the Netherlands and the UK and developed the online Yellow Pages directory.
When Wanadoo merged with France Telecom in a mixed public offer in 2004, the company’s operating profit had quadrupled and its value increased to €13 billion ($16.5 billion).
Sofinnova Partners is one of the oldest venture firms active in Europe. It invests primarily in companies in information technologies and life sciences, in France and in other European countries.