# Who Invests With Bpifrance: 251 Co-Investors (2026)

> The 251 investors that have backed two or more of the same startups as Bpifrance, by kind: vc firms, private equity and asset managers and corporate investors.

Source: https://millionrounds.com/portfolio-maps/bpifrance-co-investors (Millionrounds; every figure on the page links to its filing or article)

## VC firms

163

- [BNP Paribas](https://millionrounds.com/fund/bnp-paribas)
- [Kima Ventures](https://millionrounds.com/fund/kima-ventures)
- [Supernova Invest](https://millionrounds.com/fund/supernova-invest)
- [Go Capital](https://millionrounds.com/fund/go-capital)
- [Partech Ventures](https://millionrounds.com/fund/partech)
- [Elaia](https://millionrounds.com/fund/elaia)
- [XAnge](https://millionrounds.com/fund/xange)
- [Sofinnova Partners](https://millionrounds.com/fund/sofinnova-partners)
- [Innovacom](https://millionrounds.com/fund/innovacom)
- [Techstars](https://millionrounds.com/fund/techstars)
- [KurmaPartners](https://millionrounds.com/fund/kurmapartners)
- [Seventure Partners](https://millionrounds.com/fund/seventure-partners)
- [Breega](https://millionrounds.com/fund/breega)
- [Alven](https://millionrounds.com/fund/alven)
- [*EC* European Commission](https://millionrounds.com/fund/european-commission)
- [360 Capital](https://millionrounds.com/fund/360-capital)
- [Serena](https://millionrounds.com/fund/serena)
- [Better Angle](https://millionrounds.com/fund/better-angle)
- [*E* EISMEA](https://millionrounds.com/fund/eismea)
- [Omnes](https://millionrounds.com/fund/omnes-capital)
- [Super Capital VC](https://millionrounds.com/fund/super-capital-vc)
- [Ventech](https://millionrounds.com/fund/ventech)
- [Isai](https://millionrounds.com/fund/isai)
- [Ring Capital](https://millionrounds.com/fund/ring)

+139 more

## Private equity and asset managers

34

- [Eurazeo](https://millionrounds.com/fund/eurazeo)
- [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners)
- [Demeter](https://millionrounds.com/fund/demeter)
- [UI Investissement](https://millionrounds.com/fund/ui-investissement)
- [Swen Capital Partners](https://millionrounds.com/fund/swen-capital-partners)
- [Andera Partners](https://millionrounds.com/fund/andera-partners)
- [OrbiMed](https://millionrounds.com/fund/orbimed)
- [General Atlantic](https://millionrounds.com/fund/general-atlantic)
- [*SP* Sofimac Partners](https://millionrounds.com/fund/sofimac-partners)
- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs)
- [BlackRock](https://millionrounds.com/fund/blackrock)
- [RA Capital Management](https://millionrounds.com/fund/ra-capital-management)
- [Mirova](https://millionrounds.com/fund/mirova)
- [Invus](https://millionrounds.com/fund/invus)
- [Teampact ventures](https://millionrounds.com/fund/teampact-ventures)
- [Cap Innov'Est](https://millionrounds.com/fund/capital-grand-est)
- [TCG](https://millionrounds.com/fund/tcg)
- [Vivo Capital](https://millionrounds.com/fund/vivo-capital)
- [DST Global](https://millionrounds.com/fund/dst-global)
- [Cathay Capital](https://millionrounds.com/fund/cathay-capital)
- [K5 Global](https://millionrounds.com/fund/k5-global)
- [Gimv](https://millionrounds.com/fund/gimv)
- [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2)
- [Forbion Capital Partners](https://millionrounds.com/fund/forbion-capital-partners)

+10 more

## Corporate investors

14

- [Societe Generale](https://millionrounds.com/fund/societe-generale-2)
- [Orange Ventures](https://millionrounds.com/fund/orange-ventures)
- [BNP Paribas Développement](https://millionrounds.com/fund/bnp-paribas-developpement)
- [CEA Investissement](https://millionrounds.com/fund/cea-investissement)
- [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- [Coinbase Ventures](https://millionrounds.com/fund/coinbase)
- [AG2R La Mondiale](https://millionrounds.com/fund/ag2r-la-mondiale)
- [Pfizer](https://millionrounds.com/fund/pfizer)
- [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital)
- [115K](https://millionrounds.com/fund/115k)
- [Bosch Ventures](https://millionrounds.com/fund/bosch-ventures)
- [Intel Capital](https://millionrounds.com/fund/intel-capital)
- [Natixis](https://millionrounds.com/fund/natixis)
- [Applied Ventures](https://millionrounds.com/fund/applied-ventures)

## Accelerators

12

- [AGORANOV](https://millionrounds.com/fund/agoranov)
- [Wilco](https://millionrounds.com/fund/wilco)
- [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first)
- [Y Combinator](https://millionrounds.com/fund/y-combinator)
- [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- [Google for Startups](https://millionrounds.com/fund/google-for-startups)
- [Founders Future](https://millionrounds.com/fund/founders-future)
- [Berkeley SkyDeck](https://millionrounds.com/fund/berkeley-skydeck)
- [Neo](https://millionrounds.com/fund/neo)
- [Outlier Ventures](https://millionrounds.com/fund/outlier-ventures)
- [VentureOut](https://millionrounds.com/fund/ventureout)
- [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab)

## Growth funds

11

- [HSBC](https://millionrounds.com/fund/hsbc)
- [*SC* Serena Capital](https://millionrounds.com/fund/serena-capital)
- [*FP* FSN PME Fund](https://millionrounds.com/fund/fsn-pme-fund)
- [*L* LSP](https://millionrounds.com/fund/lsp)
- [*ES* EQT's Scaleup Europe Fund](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund)
- [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund)
- [*ED* Edmond de Rothschild Venture Capital](https://millionrounds.com/fund/edmond-de-rothschild-venture-capital)
- [RGREEN INVEST](https://millionrounds.com/fund/rgreen-invest)
- [S2G Investments](https://millionrounds.com/fund/s2g-investments)
- [Citibank](https://millionrounds.com/fund/citi)
- [*EF* Ecotechnology Fund](https://millionrounds.com/fund/ecotechnology-fund)

## Angels and networks

8

- [Paris Business Angels](https://millionrounds.com/fund/paris-business-angels)
- [50 Partners](https://millionrounds.com/fund/50-partners)
- [*5G* 500 Global](https://millionrounds.com/fund/500-startups)
- [*EL* Edward Lando](https://millionrounds.com/fund/edward-lando)
- [*FG* Fabrice Grinda](https://millionrounds.com/fund/fabrice-grinda)
- [*SH* Solomon Hykes](https://millionrounds.com/fund/solomon-hykes)
- [*HS* Henri Seydoux](https://millionrounds.com/fund/henri-seydoux)
- [GVAngels](https://millionrounds.com/fund/gvangels)

## Government funds

6

- [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator)
- [European Investment Bank](https://millionrounds.com/fund/european-investment-bank)
- [EASME - EU Executive Agency for SMEs](https://millionrounds.com/fund/easme-eu-executi)
- [European Union](https://millionrounds.com/fund/european-union)
- [Export Development Canada](https://millionrounds.com/fund/export-development-canada)
- [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno)

## Family offices

3

- [Evolem](https://millionrounds.com/fund/evolem)
- [Cemag Invest](https://millionrounds.com/fund/cemag-invest)
- [Motier Ventures](https://millionrounds.com/fund/motier-ventures)

## Segment by segment

### VC firms

163 investors

- [**BNP Paribas**](https://millionrounds.com/fund/bnp-paribas) VC firm France 66 backed
- [**Kima Ventures**](https://millionrounds.com/fund/kima-ventures) VC firm France 64 backed
- [**Supernova Invest**](https://millionrounds.com/fund/supernova-invest) VC firm France 29 backed
- [**Go Capital**](https://millionrounds.com/fund/go-capital) VC firm France 25 backed
- [**Partech Ventures**](https://millionrounds.com/fund/partech) VC firm France 21 backed
- [**Elaia**](https://millionrounds.com/fund/elaia) VC firm France 19 backed
- [**XAnge**](https://millionrounds.com/fund/xange) VC firm France 18 backed
- [**Sofinnova Partners**](https://millionrounds.com/fund/sofinnova-partners) VC firm France 18 backed

### Private equity and asset managers

34 investors

- [**Eurazeo**](https://millionrounds.com/fund/eurazeo) Private equity France 30 backed
- [**Idinvest Partners**](https://millionrounds.com/fund/idinvest-partners) Private equity France 22 backed
- [**Demeter**](https://millionrounds.com/fund/demeter) Private equity France 16 backed
- [**UI Investissement**](https://millionrounds.com/fund/ui-investissement) Private equity France 14 backed
- [**Swen Capital Partners**](https://millionrounds.com/fund/swen-capital-partners) Asset manager France 13 backed
- [**Andera Partners**](https://millionrounds.com/fund/andera-partners) Private equity France 11 backed
- [**OrbiMed**](https://millionrounds.com/fund/orbimed) Private equity United States 8 backed
- [**General Atlantic**](https://millionrounds.com/fund/general-atlantic) Private equity United States 6 backed

### Corporate investors

14 investors

- [**Societe Generale**](https://millionrounds.com/fund/societe-generale-2) Corporate investor France 13 backed
- [**Orange Ventures**](https://millionrounds.com/fund/orange-ventures) Corporate investor France 7 backed
- [**BNP Paribas Développement**](https://millionrounds.com/fund/bnp-paribas-developpement) Corporate investor France 4 backed
- [**CEA Investissement**](https://millionrounds.com/fund/cea-investissement) Corporate investor France 3 backed
- [**Salesforce Ventures**](https://millionrounds.com/fund/salesforce-ventures) Corporate investor United States 3 backed
- [**Coinbase Ventures**](https://millionrounds.com/fund/coinbase) Corporate investor United States 3 backed
- [**AG2R La Mondiale**](https://millionrounds.com/fund/ag2r-la-mondiale) Corporate investor France 2 backed
- [**Pfizer**](https://millionrounds.com/fund/pfizer) Corporate investor United States 2 backed

### Accelerators

12 investors

- [**AGORANOV**](https://millionrounds.com/fund/agoranov) Accelerator France 36 backed
- [**Wilco**](https://millionrounds.com/fund/wilco) Accelerator France 16 backed
- [**Entrepreneur First**](https://millionrounds.com/fund/entrepreneurs-first) Accelerator United Kingdom 13 backed
- [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 12 backed
- [**Plug and Play**](https://millionrounds.com/fund/plug-and-play) Accelerator United States 12 backed
- [**Google for Startups**](https://millionrounds.com/fund/google-for-startups) Accelerator United States 6 backed
- [**Founders Future**](https://millionrounds.com/fund/founders-future) Accelerator France 6 backed
- [**Berkeley SkyDeck**](https://millionrounds.com/fund/berkeley-skydeck) Accelerator United States 3 backed

### Growth funds

11 investors

- [**HSBC**](https://millionrounds.com/fund/hsbc) Growth fund United Kingdom 7 backed
- [*SC* **Serena Capital**](https://millionrounds.com/fund/serena-capital) Growth fund France 5 backed
- [*FP* **FSN PME Fund**](https://millionrounds.com/fund/fsn-pme-fund) Growth fund - 4 backed
- [*L* **LSP**](https://millionrounds.com/fund/lsp) Growth fund Netherlands 3 backed
- [*ES* **EQT's Scaleup Europe Fund**](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund) Growth fund - 3 backed
- [**Scaleup Europe Fund**](https://millionrounds.com/fund/scaleup-europe-fund) Growth fund United States 3 backed
- [*ED* **Edmond de Rothschild Venture Capital**](https://millionrounds.com/fund/edmond-de-rothschild-venture-capital) Growth fund - 3 backed
- [**RGREEN INVEST**](https://millionrounds.com/fund/rgreen-invest) Growth fund France 2 backed

### Angels and networks

8 investors

- [**Paris Business Angels**](https://millionrounds.com/fund/paris-business-angels) Angel network France 11 backed
- [**50 Partners**](https://millionrounds.com/fund/50-partners) Angel network France 11 backed
- [*5G* **500 Global**](https://millionrounds.com/fund/500-startups) Angel investor United States 6 backed
- [*EL* **Edward Lando**](https://millionrounds.com/fund/edward-lando) Angel investor United States 4 backed
- [*FG* **Fabrice Grinda**](https://millionrounds.com/fund/fabrice-grinda) Angel investor United States 2 backed
- [*SH* **Solomon Hykes**](https://millionrounds.com/fund/solomon-hykes) Angel investor - 2 backed
- [*HS* **Henri Seydoux**](https://millionrounds.com/fund/henri-seydoux) Angel investor - 2 backed
- [**GVAngels**](https://millionrounds.com/fund/gvangels) Angel network Brazil 2 backed

### Government funds

6 investors

- [**EIC Accelerator**](https://millionrounds.com/fund/eic-accelerator) Government fund European Union 39 backed
- [**European Investment Bank**](https://millionrounds.com/fund/european-investment-bank) Government fund Luxembourg 13 backed
- [**EASME - EU Executive Agency for SMEs**](https://millionrounds.com/fund/easme-eu-executi) Government fund Belgium 3 backed
- [**European Union**](https://millionrounds.com/fund/european-union) Government fund United Kingdom 3 backed
- [**Export Development Canada**](https://millionrounds.com/fund/export-development-canada) Government fund Canada 2 backed
- [**National Science Foundation**](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government fund United States 2 backed

### Family offices

3 investors

- [**Evolem**](https://millionrounds.com/fund/evolem) Family office France 3 backed
- [**Cemag Invest**](https://millionrounds.com/fund/cemag-invest) Family office France 2 backed
- [**Motier Ventures**](https://millionrounds.com/fund/motier-ventures) Family office France 2 backed

**How this map is made.** Every investor here has backed two or more of the same startups as Bpifrance, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Bpifrance. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **Bpifrance portfolio map** 494 startups · $33B](https://millionrounds.com/portfolio-maps/bpifrance-portfolio-map)[Sector portfolio **Bpifrance's AI portfolio** 99 startups · $11B](https://millionrounds.com/portfolio-maps/bpifrance-ai-portfolio)[Sector portfolio **Bpifrance's Biotech portfolio** 93 startups · $3.4B](https://millionrounds.com/portfolio-maps/bpifrance-biotech-portfolio)[Sector portfolio **Bpifrance's Healthtech portfolio** 46 startups · $1.5B](https://millionrounds.com/portfolio-maps/bpifrance-healthtech-portfolio)[Sector portfolio **Bpifrance's Fintech portfolio** 39 startups · $1.5B](https://millionrounds.com/portfolio-maps/bpifrance-fintech-portfolio)[Sector portfolio **Bpifrance's IT Services portfolio** 31 startups · $51M](https://millionrounds.com/portfolio-maps/bpifrance-it-services-portfolio)

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