SynopsisFrance has secured €13 billion in new funding for technology firms. This boost comes from institutional investors under the Tibi initiative. The aim is to reach €15 billion by 2030. Half of this new investment will support deeptech companies. This move will help French and European firms grow and list on stock markets.France has mobilised €13 billion ($14.89 billion) in additional institutional investor funding under the third phase of its Tibi initiative to finance French and European technology companies, the finance ‌ministry ⁠said on ⁠Friday.The new phase aims to bring the envelope to €15 billion by the end of 2030, taking total funding mobilised under the initiative since 2020 to nearly €31 billion, the ministry said in ⁠a statement ‌released during the VivaTech conference in Paris.The ministry said 50% ⁠of investments under the new phase would be directed towards deeptech companies.New participants include mutual insurer Carac, rail operator SNCF, Paris transport group RATP, defence groups Naval Group and MBDA, and satellite operator Eutelsat.‌The government said the move was intended to support French IPOs and help small ⁠and mid-sized firms scale up while remaining anchored in France and Europe.The new ​phase also has a stronger European focus, to support pan-European funds able to finance technology companies through larger funding rounds. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now