Breizh Up

Breizh Up is a dedicated co-investment fund established by the Brittany Region in France, specifically designed to foster the growth of high-potential companies within its geographical remit. The fund operates as a crucial component of the region's economic development strategy, aiming to inject equity into innovative businesses across various stages. It is professionally managed by two reputable investment firms, Sofimac Innovation and UI Investissement, lending a robust and experienced hand to its investment decisions and portfolio management. This structure underscores its hybrid nature, blending public initiative with private sector expertise to support regional entrepreneurship.

The core of Breizh Up's investment strategy revolves around its co-investment model. The fund strictly operates by partnering with at least one private investor, which can include business angels, other venture capital funds, or family offices. This approach ensures market validation and leverages additional private capital, with a mandatory co-investment ratio of at least 1:1, meaning for every euro Breizh Up invests, private partners must contribute an equivalent or greater amount. This mechanism not only amplifies the capital available to startups but also de-risks investments by ensuring shared commitment from multiple parties.

Breizh Up targets Breton companies demonstrating strong growth potential, intervening across their lifecycle from creation and seed stages through to more mature development phases. The fund's typical first cheque size ranges from €100,000 to €1 million, translating to approximately $108,000 to $1.08 million based on recent exchange rates. While Breizh Up's individual contribution falls within this range, it participates in total funding rounds that can reach up to €5 million, or roughly $5.4 million. This capacity allows it to support significant growth trajectories for its portfolio companies, playing a vital role in scaling regional innovation and job creation.