Bpifrance invests in VC & growth investment funds managed by private management companies, alongside third-party investors (banks, insurers, private funds of funds, family offices, industrial companies and individuals). These investments aim to cover the financing needs of start-ups throughout their development:

• Incubation/acceleration: creation phase
• Seed: startups before their commercial launch
• Venture capital: commercial expansion phase
• Growth : scaling tech companies to reach profitability

Target funds may be generalist, covering broad themes (digital, life sciences, eco-technologies, etc.) or specialised (medtech, fintech, agritech, etc.).