FIEE 2: €235mn for Energy and Environmental Transition Companies

The France Investissement Energie Environnement 2 (FIEE 2) fund, managed by Bpifrance Investissement, has reached over 90% of its fundraising target, with nearly €235mn committed out of a €250mn target. This milestone was achieved in late 2025 with the addition of an institutional investor and a family office.

Launched in 2023, Bpifrance’s FIEE 2 fund holds 19 investments in its portfolio, spanning renewable energy, energy efficiency, electrification, the circular economy, and other environmental services such as water treatment and biodiversity protection.

For more information, reach the press release here