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Investment in start-ups

Investing in start-ups contributes to the Group’s Open Innovation policy. Each business segment has its own investment fund to take minority interests in recently created high-potential companies with which the Group believes it can develop strong synergies that add business value.

An innovation- and synergy-driven approach to investment

This policy of working closely with agile and innovative start-ups is motivated by the Group’s aim of integrating innovative technologies, transforming its working methods and, more broadly, identifying and encouraging the emergence of new business models in its areas of activity.

The business segments’ individual investment funds focus on the early stages and hence are mainly involved in raising seed money or Series A funding.

The funds’ investment proposition is based on four key factors:

  • Tag of €100,000 to €1 million
  • Long-term support
  • Investment as sole partner or, preferably, with co-investors
  • Minority stakes

The start-ups added to the business segments’ portfolios benefit from:

  • Accelerated commercial opportunities
  • Access to the wealth of expertise across the Group
  • Greater credibility, especially in order to raise additional funding


Mobilising Group expertise through Bouygues Développement

Bouygues Développement is a portfolio management company wholly-owned by Bouygues SA which helps the investment funds of the Group’s five business segments to acquire stakes in start-ups.

Drawing on its position as a Group-wide entity and its corporate venture capital expertise, Bouygues Développement supports the business segments at various stages of the investment process.

Although Innovation departments within each business segment identify potential start-ups and although each business segment takes the final investment decision, Bouygues Développement handles the actual investment process, from qualification (analysis of the target and issuance of a recommendation) through monitoring to exit.


Benoit Michard -

(Updated: 09 April 2021)

Contact des fonds d'investissement des Métiers:

Olivier Durix, directeur général nouvelles activités et innovation

 Julien Bourcerie, manager Open Innovation


David Lerouge, directeur Innovation 


Philippe Kerignard, responsable innovation - PKERIGNA@bouyguestelecom.


Arnaud Mopin, Directeur innovation