Defense and space funds investing in France

Funds that back French startups in defense, aerospace and space.

funds in this list
27
very active
16
at least 4 new investments in 12 months
French funds
24
foreign funds
3
Funds by sector

Funds investing in defense and space

9 representative funds, three per stage, picked from the 27 that made at least 2 new investments in this sector over 36 months. The rest of the list opens with a free account.

Pre-seed and seed

  • Défense Angels

    Angel network · Paris

    Défense Angels is a network of business angels dedicated to sovereignty technologies and dual-use technologies: defense, security, space…

    5 new defense and space investments in the last 36 months

    Pre-seed to Seed

  • Irdi Capital Investissement

    Private equity fund · Toulouse, Montpellier +1

    IRDI Capital Investissement is the private equity management company of the greater South-West, resulting from the merger of IRDI, created…

    4 new defense and space investments in the last 36 months

    Pre-seed to Growth

  • Aerospace Angels

    Angel network · Toulouse

    Aerospace Angels is a network of business angels dedicated to aeronautics and space, created at the end of 2022 in Toulouse by Capitole…

    3 new defense and space investments in the last 36 months

    Pre-seed to Seed

Series A

  • Expansion Aerospace Ventures (Audacia)

    VC fund · Paris, Stockholm

    Expansion is a European venture capital fund dedicated to sustainable aeronautics, space, and defense, launched in 2024 by Audacia, which…

    6 new defense and space investments in the last 36 months

    Pre-seed to Series B

  • EIC (European Innovation Council)

    Public fund · Brussels

    The European Innovation Council (EIC) is the investment arm of the European Commission dedicated to breakthrough technologies, with a…

    6 new defense and space investments in the last 36 months

    Series A to Growth

  • SpaceFounders (CNES; ASI; Bundeswehr University Munich)

    VC fund · Toulouse, Munich

    SpaceFounders is a European accelerator for space startups, launched in 2021 by CNES and the University of the Bundeswehr in Munich…

    3 new defense and space investments in the last 36 months

    Pre-seed to Series A

Series B and beyond

  • Bpifrance Deeptech Venture

    Public fund · Paris

    Bpifrance Deeptech Venture is the venture capital arm of Bpifrance dedicated to companies originating from public research, established in…

    7 new defense and space investments in the last 36 months

    Seed to Series B

  • Turenne Capital (incl. Innovacom)

    Private equity fund · Paris, Nantes +3

    Turenne Capital is one of the major players in small cap in France, founded in 1999 with nearly €2 billion under management.

    5 new defense and space investments in the last 36 months

    Seed to Series B

  • Safran Corporate Ventures

    Corporate VC · Paris

    Safran Corporate Ventures is the investment fund of the Safran group, the French aerospace, space, and defense industrial company, created…

    3 new defense and space investments in the last 36 months

    Pre-seed to Series B

18 more funds in this list. Create your free account to see every fund in this list, open their profiles and add the ones that fit you to your fundraising CRM.

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Frequently asked questions

How many funds back defense and space startups in France?

27 funds made at least 2 new defense and space investments over the last 36 months, based on the rounds tracked by Builders Republic: 24 are headquartered in France, 3 abroad. 16 are very active, with at least 4 new investments in the last 12 months across all sectors.

How many defense and space rounds are raised in France?

Over the last 36 months, Builders Republic tracked 71 defense and space rounds in France: 26 at pre-seed or seed, 19 at Series A and 15 at Series B or later. The remaining rounds have no stage or are other operations.

How are the funds on this page chosen?

A fund enters the list once it has made at least 2 new defense and space investments over the last 36 months, based on the rounds tracked by Builders Republic. The sectors funds declare do not count: most of them declare almost all of them. Builders Republic then hand-picks three active funds per stage, placed according to the stages they declare. This is not a ranking. The figure on each card counts its new defense and space investments over the last 36 months, all stages combined.

How can I see the full list?

All 27 funds in this list show up on this page with a free account, and each one opens its profile: team, portfolio, latest investments. You can then add the ones that fit you to your fundraising CRM.

Other reference pages

More public pages on the French tech ecosystem.