France · Investor

Bpifrance

Last cheque observed Oct 2026; 1151 cheques on record.

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Deploying nowGovernment

Pre-seedSeedSeries AEnergySoftwareBanking

Deploying now
64%of best year141cheques in 12 months, 1,151 on record
Since the last cheque11days00hrs00min00sec
Median round$4.5MCheque size, as they say$500K – $100MRounds led11 of 1,151Sole investor364 roundsMostly inFrance, 88%
Pitch Bpifrance

Bpifrance highlights

  1. 01

    141 cheques in the last 12 months

  2. 02

    Mostly Seed and Venture: 62% of its rounds

  3. 03

    Sole investor in 364 rounds, median $1.7M

What they do

Type
Government (from a list, unverified)
Cheque size
$500K – $100M as they say
Stages
Pre-seedSeedSeries ASeries BGrowthPre-IPO
Sectors
EnergySoftwareBanking
Based in
Paris, France
Cold pitches
Not stated

The record

Every round we can evidence, newest first1,151 appearances

  1. 2026

    112 rounds

  2. Oct
    MedincellDebt · FR · Google News search$15MWith 1 other
  3. Oct
    NouscomSeries D · CH · Revelation Partners$135MWith 14 others
  4. Oct
    GoodweekFR · The SaaS News$12MWith 8 others
  5. Oct
    CarbonFarmSeries A · FR · ElectriFI$7.8MWith 10 others
  6. Oct
    VatesGrowth · FR · Firms' own news pages$34MWith 1 other
  7. Sept
    AbTxSeed · FR · Ventureburn$1.9MWith 1 other
  8. Sept
    HackuitySeries B · FR · Bright Pixel$19MWith 4 others
  9. Sept
    KaikoSeries B · US · TechStartups$110MWith 13 others
  10. Sept
    The Exploration CompanySeries C · DE · Firms' own news pages$450MWith 11 others
  11. Sept
    Mistral AISeries D · FR · Samsung Catalyst Fund$3.5BWith 23 others
  12. Sept
    Ed.aiSeed · FR$5.8MWith 4 others
  13. Sept
    Incepto MedicalVenture · FR$16MWith 2 others
  14. Sept
    ImplicityGrowth · FR · Firms' own news pages$41MWith 4 others
  15. Sept
    BiolevateSeries A · FR$34MWith 2 others
  16. Sept
    OminiSeed · FR$150KWith 2 others
  17. Sept
    OlenbeeSeed · FR$7.5MWith 2 others
  18. Sept
    Arlequin AISeries A · FR$33MWith 4 others
  19. Sept
    NewcleoFR$216MWith 1 other
  20. Sept
    KaikoSeries B · FR$57MWith 4 others
  21. Sept
    NūmiGrant · FR$4.3MWith 3 others
  22. Sept
    LightspringSeed · FR$3.6MWith 1 other
  23. Aug
    MAASHSeed · BE$6.8MSole investor
  24. Aug
    DigicutoSeries A · FR$17MSole investor
  25. Jul
    SynteticaSeries A · FR · TechCrunch$30MLed
  26. Jul
    AscendanceSeries B · FR$16MWith 1 other
  27. Jul
    ENGO EyewearSeed · FR$5.8MWith 1 other
  28. Jul
    Cyllene TherapeuticsSeries C · FR$38MWith 1 other
  29. Jul
    StrackerSeed · FR$2.9MSole investor
  30. Jul
    Brenus PharmaSeries A · FR$13MWith 2 others
  31. Jul
    En Carta DiagnosticsSeed · FR$3.4MWith 2 others
  32. Jul
    NeoCemSeries B · FR$20MSole investor
  33. Jun
    Alta AresSeries A · FR · Ventureburn$58MWith 5 others
  34. Jun
    MorphoSeed · FR · Ventureburn$175MWith 18 others
  35. Jun
    Ona TherapeuticsSeries B · ES · Asabys$87MWith 11 others
  36. Jun
    QuoblySeries A · FR · Ventureburn$134MLed
  37. Jun
    RematchVenture · FR$3.5MWith 1 other
  38. Jun
    TISSIUMSeries D · FR$34MWith 4 others
  39. Jun
    NotiParkPre-seed · FR$2.0MWith 1 other
  40. Jun
    KoolboksDebt · FR$1.5MWith 3 others
  41. Jun
    CERBAIRVenture · FRUndisclosedWith 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration5 named

KDKarine DemonetChief Compliance OfficeriForm ADV
NSNadia SarriChief Operating OfficeriForm ADV
NDNicolas DufourcqChairman and Chief Executive OfficeriForm ADV
PBPierre BenedettiChief Financial OfficeriForm ADV
SPSophie PaquinChief Legal OfficeriForm ADV

We also hold 60 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$130Mgross assets of its fundsOct 2026
3+funds on filenumbered funds in its name
Exemptreporting adviserventure or small private funds
Legal name
Bpifrance Investissement
SEC number
CRD 312341

Funds they back

6 fund commitments on record

Managers
6

Every fund on record that it has committed money to, and the managers who invest it.Source: fund news.

Who they invest alongside

The investors most often in the same rounds as Bpifrance. A count of rooms they were both in, not a relationship either has claimed.

BNP ParibasVC firm83rounds togetherKima VenturesVC firm75rounds togetherEIC AcceleratorGovernment50rounds togetherAGORANOVAccelerator42rounds togetherEurazeoPrivate equity39rounds togetherSupernova InvestVC firm35rounds togetherGo CapitalVC firm28rounds togetherXAngeVC firm27rounds togetherIdinvest PartnersPrivate equity26rounds togetherSofinnova PartnersVC firm25rounds togetherElaiaVC firm24rounds togetherPartech VenturesVC firm24rounds together

Recently backed

The latest companies Bpifrance put money into.

Nouscom$135M · Oct 2026CarbonFarm$7.8M · Oct 2026AbTx$1.9M · Sept 2026Hackuity$19M · Sept 2026Kaiko$110M · Sept 2026The Exploration Company$450M · Sept 2026

On podcasts

1 episode naming Bpifrance in the title, and 1 more that mention it.

Mentioned in

Quick answers about Bpifrance

What does Bpifrance invest in?

Bpifrance invests most often at Seed and Venture (62% of the rounds on record), in sectors such as Energy, Software and Banking.

How active is Bpifrance?

1,151 investments on record, 141 of them in the last 12 months, and it led 11. The most recent was in Oct 2026.

What has Bpifrance invested in recently?

Its most recent investments on record: Medincell (Debt, Oct 2026), Nouscom (Series D, Oct 2026) and Goodweek (Oct 2026).

How big are Bpifrance's cheques?

The median round it joins is $4.5M. It says it writes cheques of $500K to $100M.

Does Bpifrance lead rounds?

Sometimes: it led 11 of its 1,151 investments on record (1%).

Where does Bpifrance invest?

Most of the companies it backs are in France (88%).

Is Bpifrance investing now?

Yes: it is actively investing, with 141 investments in the last 12 months.

Who does Bpifrance invest alongside?

Most often BNP Paribas (83 rounds together), Kima Ventures (75 rounds together) and EIC Accelerator (50 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it