Bpifrance is the French public investment bank, created in 2013 through the merger of several state-backed entities, and operates as the country's strategic arm for financing innovation, growth, and industrial transformation. Headquartered in Paris, it supports businesses at every stage—from pre-seed startups to large corporates—through equity investments, loans, guarantees, and acceleration programs. The bank deploys capital across all sectors with a focus on deeptech, greentech, healthtech, industrial innovation, and digital transformation, acting as both a direct investor and a fund-of-funds manager. Bpifrance's equity investments range from sub-€100K pre-seed tickets through its grant and acceleration schemes to €10M+ growth and late-stage rounds, and it co-invests heavily with private VCs, corporates, and EU funds. Bpifrance manages over €50 billion in assets and operates regional offices across France, running thematic funds (climate, digital sovereignty, health) and the national tech incubator network. Its portfolio spans thousands of companies, including Doctrine, Ynsect, ManoMano, and Alan, and it plays a catalytic role in the French startup ecosystem by de-risking early stages and anchoring large later rounds.

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