Skip to content
Government-backed FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 12 SOURCES

Breizh Up

Regional co-investment fund (SAS) wholly owned by Région Bretagne

Brittany Region’s co-investment fund (2015) for young innovative companies; €30M capital with EU support; 37 investments, €21M invested (Nov 2025); managed by UI Investissement.

HEADQUARTERS
Rennes, France
FOUNDED
2015
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
4 people

Focus

STAGES
SeedSeries A
SECTORS
HealthTechBiotech & Life SciencesSoftware & SaaSIndustrial & ManufacturingClimate & Energy
ASSET MIX
Direct investmentsVenture capital
GEOGRAPHY
France

Overview

Breizh Up is a SAS created in September 2015 and wholly owned by the Région Bretagne, launched as a regional co-investment fund to finance the first fundraising rounds of innovative Breton start-ups alongside private investors (business angel networks, funds, banks). It started with €10M of capital (€8M from European funds), raised to €20M in 2019 and to €30M, of which the fund’s site attributes €26M to the European Union. It co-invests pari passu with private partners from €100k, as a minority investor in equity and quasi-equity. By November 2025 it had invested €21M in 37 companies alongside 51 co-investors. It is managed by UI Investissement, selected through an open tender; a Strategy Council chaired by a Region vice-president oversees it.

Investment thesis

Co-invest pari passu with private partners in young innovative Breton companies from their first round, with priority to the Region’s smart-specialisation sectors (maritime, food, health, digital, industry) and projects engaged in environmental and social transitions.

PORTFOLIO (11)

  • UnseenlabsNOTABLE
    Space
  • Seaber
    Deep Tech · since 2025
  • GLIMPS
    Software & SaaS
  • Anozr Way
    Software & SaaS
  • Agriodor
    Food & Agriculture
  • SmartViser
    Software & SaaS
  • ManRos Therapeutics
    Biotech & Life Sciences
  • Eolink
    Climate & Energy
  • Content Armor
    Software & SaaS
  • ArchiReport
    Software & SaaS · Exited
  • Visiofair
    Software & SaaS · since 2016

People

  • Daniel Gallou
    President (until 2026) · source
  • Catherine Failliet
    President (from 2026) · source
  • Laurence Fortin
    Chair of the Strategy Council (Vice-President, Région Bretagne) · source
  • Laurent Le Portz
    Investment Director, UI Investissement (manager) · source

Links

Frequently asked questions

Breizh Up is a government-backed fund based in Rennes, France, founded in 2015.

Yes. Breizh Up invests its own capital in private companies.

Breizh Up invests at Seed and Series A stages in HealthTech, Biotech & Life Sciences, Software & SaaS, Industrial & Manufacturing and Climate & Energy.

Breizh Up's stated ticket size is From €100K.

Key people at Breizh Up include Daniel Gallou (President (until 2026)), Catherine Failliet (President (from 2026)), Laurence Fortin (Chair of the Strategy Council (Vice-President, Région Bretagne)) and Laurent Le Portz (Investment Director, UI Investissement (manager)).

Breizh Up's investments include Unseenlabs, Seaber, GLIMPS, Anozr Way, Agriodor, SmartViser, ManRos Therapeutics and Eolink, among others.

The most recent publicly reported investment by Breizh Up is Seaber (€1.5M round alongside Fnx Ventures, Sodero and Defense Angels), announced in Oct 2025.

No. Breizh Up invests its own capital and does not raise money from outside investors.