Mirova's MILE Fund Joins TIBI Initiative

Funding | Jan 29, 2025 | Mirova SA

Mirova's MILE Fund Joins TIBI Initiative

Mirova SA, a private equity firm, has announced that its MILE fund, or Mirova Impact Life Essential fund, has joined the French government's TIBI initiative. The initiative, launched in 2019, is designed to foster the growth and development of innovative companies and enhance the technological ecosystem in France by supporting them regionally and globally. The MILE fund's inclusion marks the second Mirova fund to join TIBI. The fund aims to invest in companies across four main themes: knowledge & expertise, well-being & health, responsible consumption, and diversity & inclusion. Such investments focus on clean technology and sustainable manufacturing, intending to nurture French and European companies with credible business models. This fits well with TIBI's criteria, where investors dedicate more of their resources to supporting the growth of startups and high-risk tech projects, both in private equity and tech stocks.

Sectors

  • Private Equity
  • Sustainable Technology
  • Innovation and Technology

Geography

  • France – The TIBI initiative was launched by the French government to enhance the technological and economic ecosystem within France.
  • Europe – MILE fund invests broadly in French and European companies, impacting the wider European region.

Industry

  • Private Equity – Mirova SA operates as a private equity firm, making strategic investments in startups and other high-growth companies.
  • Sustainable Technology – The MILE fund focuses on investing in clean technologies and sustainable manufacturing, which are essential components of sustainable technology industry.
  • Innovation and Technology – The TIBI initiative is aimed at supporting innovative companies, hence the focus on the innovation and technology industry.

Financials

    Participants

    NameRoleTypeDescription
    Mirova SAPrivate Equity FirmCompanyMirova is a private equity firm with a focus on societal and environmental impact.
    MILE FundInvestment FundCompanyThe MILE Fund aims to invest in innovative companies in cleantech and sustainable business models.
    French GovernmentInitiative ProponentGovernmentThe French government launched the TIBI initiative to boost innovative companies in technological sectors.