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Since 2020, Bpifrance has backed 6 African startups across 9 disclosed funding rounds totaling $38M, most heavily in Côte d'Ivoire and Fintech.
Bpifrance is the French public investment bank and sovereign wealth fund, serving as a one-stop shop for entrepreneurs with financing, investment, and advisory services through 50 local branches. It manages over €36 billion in assets, including direct participations in startups, SMEs, mid-caps, and large companies, as well as investments in venture capital and private equity funds. Bpifrance acts as France's innovation agency and partners with sovereign wealth funds and long-term investors for joint investments. Bpifrance engages in international investments, including in Africa, where it has participated in four funding rounds totaling $16.0 million from November 2022 to December 2024. These span Series A (two rounds), Seed (one), and Other (one) stages, focusing on sectors such as Communication & Social, Productivity & Workspace, E-commerce & Retail, and Fintech. Its geographic preferences in Africa include Senegal, Tunisia, Côte d'Ivoire, and Cameroon, with investments in companies like Lafricamobile, Cynoia, ANKA, and Ejara.
Data updated · Jul 29, 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).
Bpifrance's tracked rounds are concentrated in Côte d'Ivoire (6), Senegal (1), Tunisia (1), and 1 more country.
Its tracked rounds lean toward Fintech (5), Communication & Social (1), Productivity & Workspace (1), and 2 more sectors.
Bpifrance most often shares rounds with Enza Capital (2 shared deals), TLcom Capital (2 shared deals), Compass Venture Capital (2 shared deals).
Bpifrance has backed Lafricamobile (Senegal, Series A, $2.1M, Dec 2024), Cynoia (Tunisia, Seed, $930K, Dec 2023), ANKA (Côte d'Ivoire, Other, $5.0M, Aug 2023), and Ejara (Cameroon, Series A, $8.0M, Nov 2022).