A 400M EUR match fund, allowing France to co-invest and encourage angel investing in hundreds of young deeptech startups
The French Tech Seed Fund aims to leverage private investment in technology startups in the post-maturation stage, in particular, deep tech startups that are less than three years old, with the goal of network co-funding. Drawn from the Investment in the Future Program, the fund is powered by diverse scouting partners who dialogues with founders on a regular basis and work in conjunction with private investors to find and support the French economy’s next stars.
how does it work
Business scouts identify a high potential startup that has already convinced a private investor to make the initial investments and who may benefit from quasi-equity funding (convertible bonds) from the French Tech Seed Fund. A qualified startup can receive a commitment of up to €250,000 from the fund.
Labeled scouting partners identify high-potential startups who have already convinced a private investor to provide initial financing and who can benefit from financing in the form of convertible bonds from the French Tech Seed fund. A startup can receive up to 250,000 euros from the fund.
Entrepreneurs, you must convince one of French Tech Seed’s scouting partners (in French) and find out the procedure / criteria on the Bpifrance website to carry out your fundraising.
Incubators, accelerators, competitiveness clusters, research organizations, the French Tech Seed network of scouting partners is not currently receiving applications.
Read the official press release (in french).
You will find more details on the Bpifrance FAQ (in french)!