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Bpifrance

Sovereign wealth fund · Active in 2026

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46 Power Law outcomes Power Law Ranking #3 · France · 46 Power Law outcomes · Active 2026
Enterprise value ↑ 95% 5y
$93B
Unicorns ↑ 67% 5y
30
Decacorns → 5y
2
Thoroughbreds ↑ 76% 5y
44

Bpifrance is a sovereign wealth fund active globally. The page below shows 46 Power Law outcomes from Bpifrance's portfolio — 30 unicorns ($1B+ valuation) and 14 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Fintech · Other B2B Software · Other; top portfolio geographies are France · USA · Switzerland. Bpifrance ranks #3 in France in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

Portfolio analysis

The 46 Bpifrance Power Law outcomes ($100M+ revenue and above).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. France36
  2. USA8
  3. Switzerland1
  4. Finland1
By sectorCount
  1. Fintech8
  2. Other B2B Software5
  3. Other5
  4. Transportation5
  5. Marketing4
  6. Biotech & Life Sciences4
  7. AI3
  8. Space2
  9. Energy2
  10. Edtech2
  11. eCommerce & Marketplaces2
  12. Robotics1
By stage enteredCount
  1. Series B+26
  2. Series A7
  3. Seed3
01 · Portfolio market map

Bpifrance's 46 Power Law outcomes.

Toggle between a sector landscape and a world map. Both views respond to the stage and outcome-tier filters. The faded names at the bottom of bigger boxes are part of the full list — click "+ N more" to reveal them.

Stage entered
Outcome tier
Region
Group by
46 of 46 Power Law outcomes
Logos hosted by Dealroom; click any chip to open the company in app.dealroom.co. The dot inside each chip shows the company's highest tier — red Gigacorn, violet Centicorn/Decacorn, lavender Unicorn, blue Thoroughbred, green Colt. Tiers are inclusive: a Unicorn (e.g. Klarna) also matches the Thoroughbred filter, a Decacorn also matches Unicorn and Thoroughbred, and so on up the ladder. Colt is a separate axis (high-growth, smaller revenue) and only matches itself. Map dots use the same colour code; hover for details. Sectors are mutually exclusive (priority-ordered classification). Stage entered = the round Bpifrance first invested in (where data is available — coverage 93%).
02 · Origin of portfolio founders

Where Bpifrance's founders come from — and where they study.

121 founders across the 46 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. HEC Paris and Meta are the deepest single pipelines.

LocationCount
France66
Italy18
United States6
Colombia4
Canada3
Israel1
Netherlands1
View on app →
UniversityCount
HEC Paris7
Mines Paris - PSL University3
École Polytechnique - IP Paris3
University of Turin3
London School of Economics and Political Science3
Stanford University Graduate School of Business3
Queen's University2
Panthéon-Sorbonne University2
ESIEE Paris - Gustave-Eiffel University2
Paris-Saclay University2
+65 more →
Origin companyCount
Meta6
Advanced Accelerator Applications3
Spire Global3
Alphabet | Google3
AnyCommerce3
Tesla2
Airbus2
UUNET2
Google DeepMind2
Rakuten2
+19 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company. Explore the full Sequoia infographic on Thoroughbreds & Unicorns →
04 · Compare with peers

How does Bpifrance stack up?

Bpifrance in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — filter by region or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of global unicorns minted that year — peaks reveal vintage years.

Compare against

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors

Share of new unicorns per year

% of all global unicorns minted that year, year by year
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.

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