Bpifrance's investment focus is on supporting French companies throughout their lifecycle, from seed to IPO, with a strategic emphasis on reindustrialization, ecological transition, and innovation, particularly in deeptech, AI, blockchain, and disruptive technologies. Its strategy involves direct and indirect equity investments, loans, and guarantees, aiming to generate returns while maximizing economic impact and developing the French entrepreneurial ecosystem.
Deal activity increased 48% year-over-year (31 deals in the last 12 months). Average disclosed round size is $93.1M (across 122 rounds with reported amounts).
Portfolio
124
Fund Size
$21.5B
Top Stage
Series B
Last 12 Mo
31
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
124 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| NNanoXplore | Series B | $20M | Dec 2025 |
 Cube | Pre-Seed | $700K | Dec 2025 |
 ICEYE | Growth | $150M | Dec 2025 |
| ICEYE | Series E | $200M | Dec 2025 |
 Brevo | Growth | $583M | Dec 2025 |
 AI-Stroke | Seed | $4.6M | Nov 2025 |
 Hummink | Series A | $15M | Nov 2025 |
| Hummink | Series B | $20M | Nov 2025 |
| AAltrove | Seed | $10M | Nov 2025 |
 Adcytherix | Series A | $105M | Oct 2025 |
| IIsentroniq | Seed | $7.5M | Oct 2025 |
| WWaat | Growth | $100M | Sep 2025 |
| JJuisci | Seed | $5.5M | Sep 2025 |
 ARTHEx Biotech S.L. | Series B | $87M | Sep 2025 |
| TTAFALGIE THERAPEUTICS | Series A | $12M | Sep 2025 |
 Mistral AI | Series C | $1.7B | Sep 2025 |
| AArcaScience | Seed | $6M | Sep 2025 |
| MM2care | Series B | $26M | Sep 2025 |
 Spiko | Series A | $22M | Jul 2025 |
| CCiloa | Series A | $6.5M | Jul 2025 |
 Genesis AI | Series D | $105M | Jul 2025 |
| KKolet | Series A | $8.6M | Jun 2025 |
| WWandercraft | Series D | $64.3M | Jun 2025 |
| VVeesion | Series B | $53M | May 2025 |
 Poppins | Series A | $5M | Apr 2025 |
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Top Co-Investors
Eurazeo18 shared
European Innovation Council (EIC)11 shared
Kima Ventures9 shared
Idinvest9 shared
XAnge8 shared
Elaia8 shared
General Atlantic7 shared
Accel7 shared
Temasek Holdings7 shared
Daphni7 shared
Supernova Invest7 shared
General Catalyst6 shared
Motier Ventures6 shared
Headline6 shared
Korelya Capital5 shared
Kurma Partners5 shared
Andreessen Horowitz5 shared
Lightspeed Venture Partners5 shared
360 Capital4 shared
Sofinnova Partners4 shared
Last updated: 8 March 2026