France has raised €13 billion in new institutional capital as part of Tibi’s third phase, which was launched at VivaTech.
Half of this new funding is set aside for deeptech, and state-linked companies such as SNCF and Naval Group are joining as investors.
Since 2020, the program has raised nearly €31 billion and aims to reach €15 billion in new pledges by 2030.
Today, France’s finance ministry announced it has raised another €13 billion in institutional capital for the tech sector, reports Reuters.
This marks the third phase of Tibi, a program that encourages French insurers, pension funds, and now state-owned companies to invest in venture and growth funds rather than keeping their money in safer, lower-yield assets. The goal for this new phase is to reach a total of €15 billion by 2030.
