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Investor profile

Bpifrance

Sovereign wealth fund · Founded 2012 · Active in 2026

Bpifrance is a sovereign wealth fund based in France, founded in 2012. The page below shows 47 Power Law outcomes from Bpifrance's portfolio — 23 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 #188 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

47 Power Law outcomes Power Law Ranking #188 · Global · 47 Power Law outcomes · Active 2026
Unicorns ↑ 77% 5y
23
Decacorns → 5y
2
Thoroughbreds ↑ 160% 5y
27
01 · Exits

Bpifrance’s biggest exits.

Bpifrance portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$1.5B IPO · 2018
Entered Series B+Now $11.1B
buyout · 2010
Now $2.4B
$760M IPO · 2016
Entered SeedNow $2.4B
IPO · 2012
Now $2.1B
$1.2B IPO · 2022
Entered Series B+Now $91M
$1.2B acquisition · 2019
Entered Series B+
$1.1B IPO · 2022
Now $110M
$24M IPO · 2021
Entered Series ANow $1.0B
02 · Estimated holdings

Bpifrance’s selected top holdings.

An estimate of Bpifrance’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 6 companies where Bpifrance is a named shareholder, worth about $1.6B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 Mistral AIEnterprise Software · Decacorn 4.8% $13.8B $662M
  2. 2 DoctolibHealth · Unicorn 10.5% $3.9B $410M
  3. 3 ContentSquareEnterprise Software · Unicorn 4% $5.6B $224M
  4. 4 Vestiaire CollectiveFashion · Unicorn 10.5% $1.7B $178M
  5. 5 OwkinHealth · Unicorn 9.5% $1.0B $95M
  6. 6 Loft OrbitalSpace · Unicorn 6% $1.1B $66M

Estimated value = Bpifrance’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Bpifrance also appears inside investor groups in ICEYE, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

03 · Portfolio analysis

The 47 Bpifrance Power Law outcomes ($100M+ revenue or $1B+ valuation).

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

By countryCount
  1. France37
  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. Energy3
  8. AI3
  9. Space2
  10. Edtech2
  11. eCommerce & Marketplaces2
  12. Robotics1
By stage enteredCount
  1. Series B+27
  2. Series A7
  3. Seed3
04 · Portfolio market map

Bpifrance's 47 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
47 of 47 Power Law outcomes
05 · Power Law comparison

How does Bpifrance stack up?

Bpifrance in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location 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 unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns

Stage focus

Companies by entry stage and outcome tier

Sector focus

Companies per investor across the 10 highest-volume sectors
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.
06 · Portfolio founders

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

121 founders across the 47 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.

Market sentiment

What the market is saying about Bpifrance

An AI-synthesized read of the highest-engagement posts about Bpifrance on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Bpifrance

Recent press, funding announcements, and portfolio moves mentioning Bpifrance — pulled live from Dealroom's news feed.

See all news

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