Bpifrance
French public investment bank supporting defense innovation, strategic SMEs, and dual-use startups.
Bpifrance is the French public investment bank, created in 2012, that plays a crucial role in strengthening the French defence industry. Through dedicated vehicles including Definvest (€50M fund for strategic DIB companies), the Defence Innovation Fund (tickets up to €30M for dual-use tech), and the recently launched Bpifrance Défense fund (€450M target, opened to retail investors), Bpifrance supports startups and SMEs in critical sectors. Portfolio includes Kalray, U-Space, MC2 Technologies, and numerous French defence-tech champions. Bpifrance operates in partnership with the Direction Générale de l'Armement (DGA) and the French government.
Overview
- Firm
- Bpifrance
- Headquarters
- Paris, France
- Founded
- 2012
- AUM
- €1B+ (multiple funds)
- Stages
- Seed, Series A, Series B, Series C, Growth
- Thesis
- Support French and European defense innovation through equity investments, loans, and export guarantees; back strategic DIB companies, dual-use deep tech, and innovative startups with defense applications.
- Website
- www.bpifrance.com/
Portfolio companies1
Partners0
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Frequently asked
- What is Bpifrance?
- Support French and European defense innovation through equity investments, loans, and export guarantees; back strategic DIB companies, dual-use deep tech, and innovative startups with defense applications.
- How much does Bpifrance manage?
- Bpifrance manages €1B+ (multiple funds) in assets, and was founded in 2012.
- What stages does Bpifrance invest at?
- Bpifrance invests at Seed, Series A, Series B, Series C, Growth.
Sources & citations1
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- 1
Bpifrance launched €450M Bpifrance Défense fund in 2025; operates Definvest and Defence Innovation Fund; supports French defense SMEs and dual-use startups.
Reuters: France to launch 450 million euro defence fund amid growing security concernsReported2025-03-20