Bpifrance is France's sovereign investment institution and one of the country's largest direct and indirect venture investors. Its innovation activity spans seed through growth across all sectors, combining direct minority investments with commitments to private VC and growth funds.

At a glance

HeadquartersParis, France
European officesParis
Investment stagesPre-Seed, Seed, Series A, Series B, Growth
Initial ticketNot publicly standardised

Investment focus

Pre-SeedSeedSeries ASeries BGrowth
GeneralistSoftware & AIB2B SoftwareFintechHealth & Life SciencesClimate & EnergyConsumerIndustrial Tech

Source and review

Profile reviewed on . Investment criteria are attributed to Bpifrance venture-capital assessment.

European mandate

Geographic fit
French startups, SMEs and mid-caps through direct investment and fund-of-funds activity across all sectors and stages
Round behaviour
Typically co-invests alongside private investors to complement rather than replace private capital