FSN PME -Ambition Num erique fund

FSN PME - Ambition Numérique is a France-based public-private co-investment fund that provides capital to innovative small and medium-sized enterprises operating within the broader digital economy. Initiated through the national government's Long Term Investment Program, the €300 million investment vehicle is managed by Bpifrance Investissement and focuses on companies developing new technologies, services, and internet of things applications. The fund frequently co-invests alongside private financial partners such as Idinvest Partners to support high-growth technology firms. Notable portfolio investments include participating in a €15 million funding round for IoT network operator Sigfox to finance its international expansion. Additionally, the fund held a significant equity stake in robotics company Balyo, agreeing in June 2023 to tender its 5,053,950 shares, representing a 14.71% ownership position, to SVF II. The fund was officially established in November 2011 by the French State.