Bpifrance

Bpifrance Financement S.A. is a French financial institution that provides a range of financing solutions and support services aimed at fostering the growth of startups, small and medium-sized enterprises (SMEs), and mid-cap companies. It offers various financial products, including medium to long-term loans, export insurance, and leasing options for both tangible and intangible assets. Additionally, Bpifrance supports companies through consulting services, guarantees for bank financing, and training for executives. The organization also engages in direct investments and manages funds aimed at enhancing the financial landscape for businesses at different stages of their development. Established in 1980 and based in Maisons-Alfort, France, Bpifrance was formerly known as OSEO S.A. and rebranded in July 2013. It operates as a subsidiary of Bpifrance SA, reinforcing its commitment to bolstering the French economy through diversified financial solutions.

Céline André

Investment Director

Adonis Arnaud

Junior Investment Manager

Laurent Arthaud

Managing Director

Françis Aymard

Investment Director

Simon Beauroy

Director

Isabelle Bebear

Director for International and University

Soukanda Bentaleb

Investment Officer

Denis Biju-Duval

MD of Mezzanine division

Stéphane Boivert

Associate

Pascal Bordat

Investment Director

Charles-Henri Boyer

Associate

Émilie Brunet

Investment Director and Portfolio Manager

Caroline Butin-Gelineau

Senior Investment Director

Nathalie Carmona

Associate

Yoann Caujolle

Portfolio Director

Jocelyne Cerasa

Investment Director

Nicolas Ceria

Associate

Ménelé Chesnot

Senior Investment Director

Maufras Du Chatellier, Elyssa

Investment Director

Samuel Dalens

Investment Director

Florent Debienne

Managing Director | Head of Technology Funds Investments

Christian Deblaye

Deputy MD

Grégoire Delpit

Portfolio Director

Luc Doyennel

Investment Director

Nicolas Dufourcq

CEO

Jean-Yves Duriez

Investment Director

Antoine Emmanuelli

Partnership Director

Francis Estellat

Senior Investment Director

Yannick Etienne

Investment Manager

Alain Fakhoury

Investment Director Bretagne

Stephen Fargis

Associate

Arnaud Fauquembergue

Investment Manager

Olivier Fosse

Investment Director Alsace Champagne-Ardenne Lorraine

Jean-Marie Fougeray

Investment Director Bretagne

Stéphanie Frachet

Investment Director

Ronan Frefield

Portfolio Director

Marie-Laure Garrigues

Investment Director

Laurence Gauthier

Senior Investment Director Bourgogne Franche-Comté

Xavier Gelot

Director of Fonds de Renforcement des PME

Emmanuelle Gervais

Senior Investment Director

Isabelle Ginestet-Naudin

Deputy MD and Director of Sectorial Funds

Vanessa Giraud

Managing Director

Alessandro Gonella

Director

José Gonzalo

Executive Director Mid and Large Cap Direction

Jean-Michel Grau

Office and Institutional Relations MD

Alexis Guinard

Investment Director

Raphaël Guterman

Associate

Yonel Génin

Partnership Director

Luc Heinrich

MD

Hubert Hernandez

Investment Director

Hortense Jacon

Investment Associate

Véronique Jacq

Managing Director

Jean-René Jégou

Director of the Regional Funds Department

Pascal Lagarde

Director

Caroline Lebel

Senior Associate

Eric Lefebvre

Director

Ronan Lefort

Investment Director

Arnaud Legardeur

Investment Director

Benjamin Legourd

Investment Manager

Christian Leonetti

Investment Director

Olivier Levy

Director of East private equity Interregional Network

Martin Lochon

Associate

Cedric Lowenbach

Director of Operations

Arielle Marsaud

Associate

Alex Marvaldi

Partner

Laure Michel

Investment Director

Maud Moulin

Portfolio Director

Sébastien Moynot

Investment Director and Member of the Management Board

Philippe Mutricy

Deputy MD

Valérie de la Ménardière

Investment Director

Marinus Oosterbeek

Associate

Alexandre Ossola

MD

Stanislas Panhard

Senior Investment Director

Nicolas Parpex

Senior Investment Director

Emeline Parry

Investment Manager

Sophie Perette

Portfolio Director Alsace Champagne-Ardenne Lorraine

Thibault Peroys

Investment Director

Dominique Phelouzat

Incharge of Administration and Finance, CFO

Axel Piriou

Senior Investment Manager

Marc Prévôt

Director of North Private Equity Interregional Network

Matthieu Rabeisen

Portfolio Director

Sarah Roeland

Investment Manager

Stéphane Romang

Investment Director

Thibaut Roulon

Investment Director

Julie Régnier

Senior Investment Manager Alsace Champagne-Ardenne Lorraine

Eduardo Sampaio

Portfolio Director

Nadia Sarri

Investment Director

Gilles Schang

Deputy Managing Director

Nicolas de La Serre

Investment Director Pays de la Loire

Nicolas Sluys

Associate

David Smadja

Investment Manager

Thierry Sommelet

MD

Vincent Stievenard

Investment Director and Director of North Private Equity Interregional Network

Jonathan Szalavecz

Associate

Xavier Tessier

Director

Gabrielle Tetart

Senior Investment Manager and Associate

Tuan Tran

Investment Director

Alain Tueux

Investment Director

Stanislas de Tymowski

Associate

Adrien Vasseur

Portfolio Director

Luc Vernhet

Associate

Benoît Villain

Senior Investment Manager

Philippe Vuarchex

Associate

Stéphanie Vuillaume

Associate

Romain Vérani

Associate

Samuel Waddell

Associate

Tristan de Witte

Associate

Le Mintier Jonglez, Delphine

Investment Director

de Saint Lager, Benoist

Investment Director

Galamand Patard, Isabelle

Director

Past deals in Cyber Security

Vade Secure

Venture Round in 2022
Vade Secure SASU specializes in email security software, providing protection against phishing, spear phishing, malware, and ransomware. The company's offerings include solutions such as Vade Secure for Office 365, Isltphishing threat detection for security operations centers, and enterprise cloud and gateway services. Vade Secure employs heuristic filtering to analyze incoming emails in real-time, effectively identifying and neutralizing threats, including zero-day attacks. Additionally, the company manages low-priority emails through its Graymail Management feature, which organizes non-essential communications into a separate folder. Founded in 2008 and headquartered in Hem, France, Vade Secure serves a diverse range of sectors including international shipping, original equipment manufacturers, hosting companies, and enterprises. With a presence in five countries—USA, Canada, France, Hong Kong, and Japan—Vade Secure supports over 500 million mailboxes in 76 countries, ensuring round-the-clock assistance for its clients.

Dfns

Seed Round in 2022
Xkey builds pure SaaS technology for digital asset security. We provide safe, cloud-native custody as a service that helps financial institutions—from startups to Tier-1 banks—transition to digital assets. It's a plug-and-play API allowing to add new assets to a portfolio and scale safely on a TSS-based institution-grade security infrastructure. Instead of using expensive, high maintenance, monolithic systems, we give access to a platform that gives our clients the freedom to release new products in days, while lowering total cost of ownership. Best-in-class, cryptographic security powered by a network of world-known Tier-1 custody banks. Plug-and-play, composable service flexibility. Continuous delivery, fast to deploy and integrate. Open API, fully-documented self-service environment. Asset agnostic support. ISO certified & compliant. Non-binding, transparent pricing. Global, agile and built for speed.

Tenacy

Seed Round in 2022
Tenacy is a developer of cloud-based risk assessment and management software focused on enhancing cybersecurity processes across various organizational contexts. The platform enables businesses to assess and define risks, manage incidents and deviations, and create dashboards for performance measurement. It also offers benchmarking data and decision support tools, allowing organizations to integrate precise and customized cybersecurity governance. By providing a collaborative environment, Tenacy helps companies protect their assets and improve operational efficiency in managing cybersecurity challenges.

Kubo Labs

Pre Seed Round in 2022
94 % of organizations have experienced a serious security issue in the last 12 months and cluster misconfiguration is the leading cause ("Kubernetes adoption, security, and market trends report" by Redhat, July 2021). For 68% of the organizations, Kubernetes-related bills are going up ("FinOps for Kubernetes", CNCF report, June 2021). With Kubo Labs, we make sure that won't happen thanks to a series of products that embedded best-practices.

GitGuardian

Series B in 2021
GitGuardian SAS specializes in security solutions aimed at protecting sensitive information used by developers, infrastructure, and applications. The company provides tools such as GitHub Public Monitoring to help prevent data leaks and Private Repositories Monitoring to detect and alert organizations about potential security threats. Established in 2017 and headquartered in Paris, France, GitGuardian serves clients both domestically and internationally, focusing on enhancing the security of source code by identifying secrets in both public and private repositories.

Mantra

Seed Round in 2021
Mantra offers an automated phishing simulation to make sure the company's team is constantly trained to detect the most sophisticated phishing emails.

VK Electronic

Debt Financing in 2021
VK Electronic provides integration, installation and maintenance services of electronic security solutions such as perimeter detection, access control, video surveillance and remote surveillance

Amédia Solutions

Venture Round in 2021
Amédia Solutions is an IT service provider and telecom operator. It is a local player specializing in B to B IT and telecoms. It has thus been able to forge various strong partnerships with publishers, manufacturers, infrastructure operators, security specialists to offer the best of IT and telecommunications.

Dfns

Pre Seed Round in 2020
Xkey builds pure SaaS technology for digital asset security. We provide safe, cloud-native custody as a service that helps financial institutions—from startups to Tier-1 banks—transition to digital assets. It's a plug-and-play API allowing to add new assets to a portfolio and scale safely on a TSS-based institution-grade security infrastructure. Instead of using expensive, high maintenance, monolithic systems, we give access to a platform that gives our clients the freedom to release new products in days, while lowering total cost of ownership. Best-in-class, cryptographic security powered by a network of world-known Tier-1 custody banks. Plug-and-play, composable service flexibility. Continuous delivery, fast to deploy and integrate. Open API, fully-documented self-service environment. Asset agnostic support. ISO certified & compliant. Non-binding, transparent pricing. Global, agile and built for speed.

Preligens

Series A in 2020
We develop pioneering technology to empower analysts to take smart actions for a safer world. Our artificial intelligence solutions are based on an automated analysis of geospatial intelligence (GEOINT) workflows. Powering state-of-the-art Machine Learning and Computer Vision, we aggregate information from multi-intelligence sources (Multi-INT), such as imagery (IMINT), electromagnetic (ELINT), or open source (OSINT), to provide our Defence and Intelligence customers with strategic knowledge regarding mission critical areas of interest ensuring a more insightful operating picture.

CybelAngel

Series B in 2020
CybelAngel is a cybersecurity startup detecting data-leaks where others don’t. The company finds data that has been stolen, or data that has been leaked by accident - generally by third-party partners and suppliers. Its solution scans the visible, deep and dark webs, but it is also the only one scanning the major source of negligent leaks: Connected Storage. Its approach to data-leak detection combines Artificial Intelligence and human expertise. Smart algorithms ensure rapid and precise detection, while machine learning focuses alerts based on what is most important to their clients. And yet it’s not machines that put together your alerts - it’s people. Its cyber analysts compile a report for every incident, with all the information needed for a swift remediation.

Ryax Technologies

Venture Round in 2019
Ryax Technologies SAS is a French firm established in 2017 that specializes in developing infrastructure software for the Internet of Things (IoT). The company focuses on resource and compute management across hybrid infrastructures, including edge, fog, and cloud environments. Ryax's software facilitates complex computations of live data, optimizing application execution while ensuring robust security and data privacy. The technology is particularly tailored for sectors such as the Industrial Internet and Smart Cities, leveraging over a decade of expertise in high-performance computing. By employing advanced resource allocation and deployment techniques, Ryax enables efficient use of computational resources based on specific application requirements. The software also supports encrypted communications and data privacy management, allowing clients to control data transport. Additionally, it streamlines stream processing across the entire infrastructure and simplifies application development through an adaptable software development kit (SDK) compatible with various programming languages.

Bleckwen

Series A in 2019
Fintech created in 2016, Bleckwen is a software editor of anti-fraud solution for banks.Incubated by Ercom, Bleckwen benefits from his expertise in security industry and real-time Big Data Processing.Bleckwen has an engaged, agile and customer-oriented team supported by an experienced management.

Cycloid

Seed Round in 2019
Cycloid designs and develops a development and operations (DevOps) platform. It also offers designing, auditing, building, migration, and managed services. The company was founded in 2015 and is based in Paris, France.

CybelAngel

Series A in 2018
CybelAngel is a cybersecurity startup detecting data-leaks where others don’t. The company finds data that has been stolen, or data that has been leaked by accident - generally by third-party partners and suppliers. Its solution scans the visible, deep and dark webs, but it is also the only one scanning the major source of negligent leaks: Connected Storage. Its approach to data-leak detection combines Artificial Intelligence and human expertise. Smart algorithms ensure rapid and precise detection, while machine learning focuses alerts based on what is most important to their clients. And yet it’s not machines that put together your alerts - it’s people. Its cyber analysts compile a report for every incident, with all the information needed for a swift remediation.

Seald

Seed Round in 2017
Seald SAS is a French company established in 2016, specializing in computer data security software. Based in Bougival, it provides solutions for tracking, encryption, and securing data across various platforms. The company offers a tool that seamlessly integrates end-to-end encryption into applications, documents, emails, and workflows, allowing businesses to maintain control and security over their data regardless of its location. Seald's services aim to enhance data protection and ensure that companies can manage their information securely as it is transmitted or stored.

Preligens

Seed Round in 2016
We develop pioneering technology to empower analysts to take smart actions for a safer world. Our artificial intelligence solutions are based on an automated analysis of geospatial intelligence (GEOINT) workflows. Powering state-of-the-art Machine Learning and Computer Vision, we aggregate information from multi-intelligence sources (Multi-INT), such as imagery (IMINT), electromagnetic (ELINT), or open source (OSINT), to provide our Defence and Intelligence customers with strategic knowledge regarding mission critical areas of interest ensuring a more insightful operating picture.

SERMA NES Network Engineering & Security

Private Equity Round in 2016
SERMA NES is to accelerate its development, whilst ensuring an innovation-lead service offering in all domains of cyber security.

Synchrone

Private Equity Round in 2015
Synchrone provides its key account clients with high-level expert assessments on complex technological issues. Preferred partner of major banking and financial institutions and insurance companies, Synchrone offers tailor made solutions combining business skills, methodological know-how and technological expertise. It assists its clients in their strategic approaches: Financial/Banking, Cloud/Big data, Digital Intelligence, Expertise Center.

Ledger

Grant in 2015
Ledger develops security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology. Launched in 2014, Ledger has designed an acclaimed line of hardware security devices quickly placing the company as a global leader on the market with 1,000,000 units sold in more than 165 countries. For enterprises and corporations, Ledger introduced the Vault: a fully managed SaaS solution addressing the need to safeguard a very large amount of multiple cryptocurrencies while mitigating both IT and physical assault threats. The company is also active on the industrial IoT market, leveraging its secure hardware technology to interface sensors and machines to smart contracts or blockchain based assets. Ledger is headquartered in Paris, has a production facility in Vierzon (France) and offices in San Francisco.

Finsecur

Venture Round in 2014
Finsecur S.A. is a French company based in Paris that specializes in the design, manufacture, and maintenance of fire detection and safety systems. Founded in 1989, the company produces a range of products including fire detectors, control panels, extinguishing systems, and technical alarms to monitor installation anomalies. Its offerings cater to various environments such as clean rooms, computer rooms, cold storage facilities, telecommunications, airports, and military industries. Finsecur has been recognized for its innovation and growth, receiving the BPI label Excellence, which connects it with a network of leading high-tech companies in France.

Systancia

Venture Round in 2012
Systancia is a french leading company in server based computing. Thanks to its comprehensive range of software, Systancia covers all the functional and technical needs for centralised environments. By the technological values of its products, by the solutions brought to users, today Systancia gets more and more customers in France, the company goes on growing thanks to a large partner network in France and in Europe.

Wallix

Venture Round in 2012
Wallix Product ( WAB Suite) gives the most effective route to security and compliance by mitigating its users’ biggest security risk – privileged access to IT – in the shortest possible time. WALLIX was founded in 2003 with a simple vision to create the most effective and complete solution to the challenges of managing privileged user access. The result of that vision is Wallix AdminBastion (WAB) Suite, a powerful combination of password, access and session management with detailed monitoring and auditing for privileged users’ activity, that now protects hundreds of customers around the world to mitigate external attacks, to control third party access, to prevent insider threat, or to meet their regulatory compliance.

Wallix

Venture Round in 2007
Wallix Product ( WAB Suite) gives the most effective route to security and compliance by mitigating its users’ biggest security risk – privileged access to IT – in the shortest possible time. WALLIX was founded in 2003 with a simple vision to create the most effective and complete solution to the challenges of managing privileged user access. The result of that vision is Wallix AdminBastion (WAB) Suite, a powerful combination of password, access and session management with detailed monitoring and auditing for privileged users’ activity, that now protects hundreds of customers around the world to mitigate external attacks, to control third party access, to prevent insider threat, or to meet their regulatory compliance.