LP profile · Other
Fonds National d’Amorçage (FNA 2)
Fonds National d’Amorçage (FNA 2) is a other headquartered in France (Europe). Ranked #327 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Fonds National d’Amorçage 2 (FNA 2) is a French seed fund program that succeeded the original FNA, which was established in 2011.
- Managed by Bpifrance on behalf of the French State, FNA 2 was created to continue the mission of bolstering the early-stage investment landscape in France.
- The program is part of the broader "Programme d'investissements d'avenir" (PIA), a government initiative to foster innovation and economic growth.
Source of Capital
- The capital for FNA 2 is provided by the French State.
- Funding is allocated through the PIA, a multi-billion euro public investment program.
Major Events
- The initial endowment for FNA 2 was €400 million, which was later increased to €650 million to expand its investment capacity.
- The program has been succeeded by a third-generation fund, FNA 3, which continues the government's commitment to seed-stage financing.
Allocation Strategy
- FNA 2 operates as a fund of funds, a strategy where it invests in other venture capital funds rather than directly into companies.
- The program targets professional management teams that operate seed funds focused on young, innovative companies in their earliest stages of development.
- While not limited by sector, the underlying funds often align with national strategic priorities, including digital technology, life sciences, and industrial innovation.
Sources
- https://www.ifrap.org/emploi-et-politiques-sociales/start-le-fonds-national-damorcage-ne-fait-pas-le-job
- https://presse.bpifrance.fr/dix-ans-apres-son-lancement-le-fonds-national-damorcage-a-demontre-son-role-moteur-dans-la-montee-de-la-french-tech
- https://fr.wikipedia.org/wiki/Fonds_national_d%27amor%C3%A7age
- https://www.info.gouv.fr/upload/media/content/0001/09/69807ae232e39b12276caa7c5cb6270f59ac5955.pdf
- https://innovacom.com/2019/07/09/2465/
- https://infonet.fr/lexique/definitions/fonds-national-damorcage/