Bpifrance Investissement
Bpifrance Investissement is the investment management company of Bpifrance, the French public investment bank, operating as a private equity firm that supports companies from early-stage startups to large listed multinationals. It manages various funds including venture capital, growth capital, and industrial project funds, with assets under management of approximately €52 billion as of February 2024.
Key facts
Recent exits
Coverage notes
13 funds tracked, 93 portfolio companies (86 active · 7 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
93 companiesFunds & portfolio
Every fund Bpifrance Investissement has raised, with its portfolio companies. Hand-checked from public filings.
BpifranceVC2025 · 1yr€100M23 active · 3 realized
Unrealized
23 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Aerospace & Defence |  France | 2019 | |
| Business Services | France | 2015 | |
| ClimateTech | France | 2025 | |
| Pharma | France | 2026 | |
| Telecom | France | 2020 | |
| Business Services | France | 2025 | |
| Industrials | France | 2018 | |
| TMT | France | 2025 | |
| Financials | France | 2025 | |
| Consumer | France | 2024 | |
| Consumer | France | 2026 | |
| Logistics | France | 2026 | |
| Industrials | France | 2026 | |
| Hospitality | France | 2024 | |
| Industrials | France | 2026 | |
| TMT | France | 2025 | |
| Hospitality | France | 2026 | |
| Aerospace & Defence | France | 2026 | |
| Pharma | France | 2025 | |
| Industrials | France | 2026 | |
| SaaS | France | 2025 | |
| IT Services | France | 2025 | |
| Industrials | France | 2012 |
France· Entry 2019France· Entry 2015France· Entry 2025France· Entry 2026France· Entry 2020France· Entry 2025France· Entry 2018France· Entry 2025France· Entry 2025France· Entry 2024France· Entry 2026France· Entry 2026France· Entry 2026France· Entry 2024France· Entry 2026France· Entry 2025France· Entry 2026France· Entry 2026France· Entry 2025France· Entry 2026France· Entry 2025France· Entry 2025France· Entry 2012Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Consumer | France | 2023 | 2026 | Secondary | – | ||
| Education | France | 2016 | 2021 | Secondary | – | ||
| ClimateTech | France | 2018 | 2024 | Secondary | – |
Bpifrance Amorçage IndustrielGrowth2023 · 3yr€50M1 active
France Investissement Tourisme 3Growth2023 · 3yr€200M2 active
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Hospitality | France | 2026 | |
| Hospitality | France | 2026 |
France· Entry 2026France· Entry 2026French Tech Acceleration 2 fund (FTA2)VC2022 · 4yr€100M4 active
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | France | 2022 | |
| Aerospace & Defence | France | 2022 | |
| Healthcare | France | 2022 | |
| TMT | France | 2022 |
France· Entry 2022France· Entry 2022France· Entry 2022France· Entry 2022French Tech SeedVC2021 · 5yr€500M2 active
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| – | – | 2020 | |
| Industrials | France | 2021 |
France· Entry 2021Midcap EquityGrowth2020 · 6yr€500M13 active
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | France | 2020 | |
| Aerospace & Defence | France | 2025 | |
| Construction | France | 2025 | |
| Hospitality | France | 2025 | |
| Aerospace & Defence | France | 2025 | |
| – | – | 2019 | |
| Mobility | France | 2026 | |
| Mobility | France | – | |
| Aerospace & Defence | France | 2025 | |
| Aerospace & Defence | France | 2025 | |
| Industrials | France | 2020 | |
| Aerospace & Defence | France | 2021 | |
| Aerospace & Defence | France | 2026 |
France· Entry 2020France· Entry 2025France· Entry 2025France· Entry 2025France· Entry 2025France· Entry 2026FranceFrance· Entry 2025France· Entry 2025France· Entry 2020France· Entry 2021France· Entry 2026Bpifrance InvestissementVC2019 · 7yr€1M20 active · 2 realized
Unrealized
20 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | France | 2019 | |
| Industrials | France | 2019 | |
| Business Services | France | 2025 | |
| Biotech | France | 2023 | |
| ClimateTech | France | 2019 | |
| TMT | France | 2019 | |
| TMT | France | 2019 | |
| TMT | France | 2019 | |
| InsurTech | France | 2021 | |
| TMT |  Finland | 2019 | |
| TMT | France | 2019 | |
| Industrials | France | 2019 | |
| Consumer | France | 2019 | |
| Business Services | France | 2022 | |
| Industrials | France | 2019 | |
| TMT | France | 2019 | |
| Biotech | France | 2019 | |
| Consumer | France | 2019 | |
| TMT | France | 2019 | |
| TMT | France | 2019 |
France· Entry 2019France· Entry 2019France· Entry 2025France· Entry 2023France· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2021Finland· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2022France· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2019France· Entry 2019Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Biotech | France | 2015 | 2024 | Secondary | – | ||
| Consumer | France | 2022 | 2024 | – | – | – |
France· Entry 2022France Investissement TourismeVC2018 · 8yr€100M1 active
Fonds Ambition Amorçage Angels (F3A)VC2016 · 10yr€50M1 active
SPI (Sociétés de Projets Industriels)Growth2015 · 11yr€800M1 active
Large VentureGrowth2013 · 13yr€2.5B11 active
Unrealized
11 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Biotech |  Denmark | 2026 | |
| Biotech | France | 2025 | |
| Data & Analytics | France | 2023 | |
| TMT | France | 2018 | |
| Biotech | France | 2016 | |
| TMT | France | 2024 | |
| Aerospace & Defence | France | 2013 | |
| Biotech | France | 2013 | |
| Construction | France | 2024 | |
| Cybersecurity | France | 2025 | |
| TMT | France | 2019 |
Denmark· Entry 2026France· Entry 2025France· Entry 2023France· Entry 2018France· Entry 2016France· Entry 2024France· Entry 2013France· Entry 2013France· Entry 2024France· Entry 2025France· Entry 2019Fonds Ambition Numérique (FSN PME)VC2012 · 14yr€100M0 active · 2 realized
Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| SaaS | France | 2018 | 2025 | Trade Sale | – | ||
| TMT | France | 2012 | 2021 | Trade Sale | – |
Bpifrance Digital VentureVC2011 · 15yr€1.1B7 active
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| TMT | France | 2011 | |
| TMT | France | 2020 | |
| TMT | France | 2011 | |
| Consumer | France | 2024 | |
| TMT | France | 2011 | |
| TMT | France | 2011 | |
| HR Tech | France | 2018 |
France· Entry 2011France· Entry 2020France· Entry 2011France· Entry 2024France· Entry 2011France· Entry 2011France· Entry 2018Saved GPs appear in your watchlist, one click from your workspace.
About Bpifrance Investissement
Bpifrance Investissement is the investment management company of Bpifrance, the French public investment bank, operating since 2001 from MAISONS-ALFORT, France. The firm acts as the equity arm of a broader French state strategic platform combining lending, guarantees, export financing and direct equity activities. Bpifrance Investissement deploys capital from a portfolio of dedicated mandates including Lac1 (€4.2 billion fund for French listed mid-caps), Bpifrance Mid Large, Capital Croissance, French Tech Acceleration funds and several specialist vehicles.
Investment thesis
Bpifrance Investissement combines strategic state-mandated investment objectives with commercial financial return discipline, targeting French and selectively European companies across the full lifecycle from seed venture through listed mid-cap minority stakes. The platform deploys across dedicated vehicles each with distinct mandates: Lac1 for French sovereign-strategic listed mid-cap stakes, Mid Large for unlisted mid-market growth equity, French Tech Acceleration for late-stage venture in French strategic technology, and selective seed and amorçage vehicles. Sector focus spans TMT, Industrials, Software, Consumer, Healthcare, Financials, Business Services and Energy.
Recent activity
Recent realised exits include Biobank (healthcare, 2024), WeTradeLocal (consumer, 2024) and LV Overseas (business services, 2019). The platform tracks 12 funds, 48 active portfolio companies and 3 realised exits, reflecting the long-duration nature of Bpifrance's strategic mandates which prioritise patient capital deployment over rapid distribution cycles. Specific AUM figures are not separately disclosed for Bpifrance Investissement; the broader Bpifrance Group reports €101.7 billion in consolidated total assets as of 2022. Detailed buyer names and multiple data available on Pro at €29/month.
Portfolio platforms backed by Bpifrance Investissement made 7 researched add-on acquisitions during its ownership. See the roll-up tracker
Similar firms
Other private equity firms tracked on GP Intel.
France·€52.8B
France·€40.8B
France·€33.0B
France·€27.0B
France·€25.0B
France·€13.2B
France·€11.6B
France·€11.2B
France·€9.0B
France·€7.0B
France·€6.7B
France·€6.5BGet the full picture on Bpifrance Investissement.
Free. No credit card. 30 seconds. Exit buyers and MOIC on Pro.
Already a member? Sign in