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Since 2020, Bpifrance has backed 6 African startups across 9 disclosed funding rounds totaling $38M, most heavily in Fintech.
Bpifrance is the French public investment bank and sovereign fund, created to support the financing and development of companies across France and internationally. It operates as a development bank, innovation agency, sovereign fund, and export credit agency, with its main online presence at bpifrance.fr and bpifrance.com. Bpifrance is headquartered in Maisons Alfort, France, and works with entrepreneurs through a broad range of financing and investment solutions. In Africa, Bpifrance has been an active equity investor across early and growth stages, participating in seed, Series A, and other venture rounds between July 2020 and December 2024. Its recorded portfolio in the region includes nine funding rounds totaling 38.0 million dollars, with a strong focus on Francophone markets such as Côte d’Ivoire, Senegal, Tunisia, and Cameroon. Within this footprint, Bpifrance has backed technology driven companies in fintech, insurtech, e commerce and retail, communication and social, and productivity and workspace tools, including LAfricaMobile, HUB2, Cynoia, ANKA, Ejara, and Baloon. Across these African investments, Bpifrance has frequently co invested alongside international venture capital firms and impact investors, reflecting a collaborative approach to supporting local entrepreneurial ecosystems. Its activity in fintech and digital financial services, in particular, aligns with its broader mission to facilitate access to finance and innovation for growing businesses, while its support for productivity and e commerce platforms highlights an interest in tools that help African companies scale operations and reach global markets.
Data updated · Sep 20, 2026
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Bpifrance has backed 6 African startups across 9 disclosed funding rounds tracked on Liners, totaling $38M since 2020.
Mostly Series A: 4 of its 9 tracked rounds are at that stage, followed by Seed (3).
Companies Bpifrance has backed operate in Côte d'Ivoire (9), Senegal (9), Cameroon (7), and 12 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Fintech (5), Communication & Social (1), Productivity & Workspace (1), and 2 more sectors.
Bpifrance most often shares rounds with TLcom Capital (2 shared deals), Enza Capital (2 shared deals), Compass Venture Capital (2 shared deals).
Bpifrance is the French public investment bank and sovereign fund that provides financing and investment solutions to support the growth of companies. It operates as a development bank, innovation agency, sovereign fund, and export credit agency, serving entrepreneurs through a wide range of products and funds of funds.
Across its African portfolio, Bpifrance has co invested with several other investors, including TLcom Capital, Enza Capital, Compass Venture Capital, Apicap, Janngo, Ciwara Capital, SouthBridge, FMO, and others. This co investment activity highlights Bpifrance’s collaborative approach to financing high growth African startups.