# French Recovery Plan

> French Recovery Plan is a VC fund in Paris backing Commercial, Industrial and Biotechnology. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Paris, France
- Total investments: 3
- Last investment: Dec 2021
- Lead investor: 33%
- Last updated: Aug 2026

French Recovery Plan is a VC fund in Paris focused on Commercial and Industrial. French Recovery Plan is created to support economic activity and to sustain the growth potential of the French economy. It is a €100 billion plan to transform the economy by investing primarily in innovative sectors. The recovery plan was launched on September 3, 2020, and relies on three pillars: €30 billion is allocated to the Green Transitionfor investments in energy performance renovations for buildings; €34 billion is allocated to France’s Competitiveness and economic resilience, and €36 billion for supporting skills and social and territorial cohesion.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Commercial | 1 | 33% |
| Industrial | 1 | 33% |
| Biotechnology | 1 | 33% |
| Pharmaceutical | 1 | 33% |
| Renewable Energy | 1 | 33% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 1 | 33% |
| Series B | 1 | 33% |
| Venture - Series Unknown | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| MedinCell | MedinCell is an injectable slow-release drug specialist company. | $1.1M | Grant | Dec 01, 2021 |  |
| Pili | PiLi biofabricates a sustainable alternative to create renewable inks to replace their toxic, non-biological, and non-recyclable versions.Pili was born from the reunion of a biologist, a designer, and a financial analyst at the biohacker space La Paillasse in Paris and with the creation of the first pen fed by bacteria. Its team is nowdedicated to providing the colors from micro-organisms to offer a sustainable alternative to fossil resources. | $4.2M | Series B | Mar 29, 2021 |  |
| Pili | PiLi biofabricates a sustainable alternative to create renewable inks to replace their toxic, non-biological, and non-recyclable versions.Pili was born from the reunion of a biologist, a designer, and a financial analyst at the biohacker space La Paillasse in Paris and with the creation of the first pen fed by bacteria. Its team is nowdedicated to providing the colors from micro-organisms to offer a sustainable alternative to fossil resources. | $4.7M | Venture - Series Unknown | Mar 29, 2021 |  |

3 of 3 investments shown.

## Co-investors
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund, 2 deals together
- [Elaia](https://shizune.co/investors/profile/elaia-partners) — VC Fund, 2 deals together
- [RebelBio](https://shizune.co/investors/profile/rebelbio-eu) — VC Fund, 2 deals together
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [Lowercarbon Capital](https://shizune.co/investors/profile/lowercarbon-capital) — VC Fund
- [Breakthrough Energy Ventures](https://shizune.co/investors/profile/breakthrough-energy-ventures) — VC Fund
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund

### Similar stage
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### Similar country
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
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- [Motier Ventures](https://shizune.co/investors/profile/motier-ventures) — VC Fund

## Featured in investor lists
- [Renewable Energy VC Funds in France](https://shizune.co/investors/renewable-energy-vc-funds-france)
- [Renewable Energy Investors in France](https://shizune.co/investors/renewable-energy-investors-france)

## FAQ

### What does French Recovery Plan invest in?

French Recovery Plan invests primarily in Commercial, Industrial and Biotechnology startups, most often at Grant and Series B stage. Most of the 3 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did French Recovery Plan last invest?

The most recent investment recorded for French Recovery Plan closed in Dec 2021. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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