Bpifrance

Quick read

Bpifrance (Banque publique d'investissement) is France's public investment bank, founded in 2012 and headquartered in Maisons-Alfort. It backs French companies from seed through IPO, combining loans, guarantees, and equity investment across every region of France. Its Large Venture arm manages a €1.75bn growth fund targeting tech and life sciences, and the bank has committed to deploying €10bn into the French AI ecosystem by 2030.

Key facts

Founded

2012

Employees

519+

Sectors

generalist, fintech, healthcare, ai

Website

www.bpifrance.fr

Investment thesis

Bpifrance backs French companies at every stage — seed through IPO — using equity, loans, and guarantees. Its VC arm concentrates on tech and life sciences companies with strong French roots and proven business models, with a current emphasis on AI, digital health, and industrial sovereignty.

Recent activity

• Jul 2026investment
  Bpifrance made a Later Stage VC investment in Elixir Aircraft, its most recent recorded deal per PitchBook. pitchbook.com
• Apr 2026investment
  Bpifrance's Digital Prevention Fund co-led a €4 million Series A round for Axomove, a Lille-based health-tech startup focused on musculoskeletal rehabilitation. en.wikipedia.org
• Feb 2026fundraise
  Bpifrance became the first French bank to issue a European Green Bond (EuGB), raising €1 billion at a 2036 maturity to fund ecological transition projects. en.wikipedia.org
• Apr 2026press
  Bpifrance and Climate House hosted a joint event on diversity for SME leaders, featuring speakers from OKKO Hotels, Basil, DesCodeuses, and Groupe Caisse des Dépôts. linkedin.com
• May 2026investment
  President Macron announced an additional €1.5 billion for the France 2030 Quantum Plan. Bpifrance is named as the public-side partner in the Quantum Launchpad program, which has pre-incubated 13 projects and officially incubated 3 since launch, with several set to become startups in 2026. linkedin.com
• Apr 2026press
  Bpifrance and Climate House co-hosted an event in Paris on April 16 focused on climate-related challenges for French SMEs. linkedin.com
• Early 2026press
  Bpifrance published its 2025 health sector activity review and outlined ambitions through 2030. CEO Nicolas Dufourcq stated that health accounts for one-third of Bpifrance's innovation financing. linkedin.com
• Early 2026product
  Bpifrance Large Venture opened a 6-month health venture capital analyst internship, signaling continued build-out of the health investment team. linkedin.com
• Early 2026press
  La French Care, the health community carried by Bpifrance, announced a presence at SantExpo 2026, marking the initiative's sixth anniversary. linkedin.com
• Early 2026leadership
  Bpifrance launched its 2026 internship and apprenticeship campaign, recruiting more than 300 interns and apprentices across France. linkedin.com
• Mar 2026investment
  Bpifrance participated in an $11.7M funding round for May Health alongside Trill Impact and Sofinnova Partners. tracxn.com
• Feb 2026investment
  Bpifrance made a Later Stage VC investment in Desk Eco, its most recent deal per PitchBook as of February 2026. pitchbook.com

Notable investments

• Elixir AircraftLater Stage VCJul 2026pitchbook.com
• AxomoveSeries AApr 2026en.wikipedia.org
• SwanSeries B2024linkedin.com
• TealeUnknown2024linkedin.com
• Adcytherixundisclosed (€105M raise led by Bpifrance Large Venture and Bpifrance Life Sciences)Oct 2025linkedin.com
• Tafalgie TherapeuticsSeries A (€12M)2025linkedin.com
• May HealthSeed/Early StageMar 2026tracxn.com
• Desk EcoLater Stage VCFeb 2026pitchbook.com
• Mistral AIGrowth2024fr.linkedin.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Nicolas Dufourcq · CEO
  LinkedIn
• Paul-François Fournier · Executive Director of Innovation
• Magali Joëssel · Director, Fund of Funds

Sources

• Bpifrance - Wikipedia
• Bpifrance LinkedIn
• Bpifrance Large Venture LinkedIn
• Nicolas Dufourcq LinkedIn
• Bpifrance - Tracxn
• Bpifrance - PitchBook
• Bpifrance - Agence du Numérique en Santé
• Bpifrance Large Venture - Crunchbase
• https://www.linkedin.com/posts/quantum-launchpad_quantum-deeptech-france2030-activity-7465284408778895360-JK2S?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAGlngK8BwIAfk_Esl3VQf3fAuYcXezm_QGs
• https://www.linkedin.com/in/pierre-f%C3%A9ron-32626127/
• https://www.linkedin.com/in/laurent-higueret-18039913/
• https://www.linkedin.com/in/nicolas1bouvier/

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Frequently asked