Banque Populaire Auvergne Rhône-Alpes

Banque Populaire Auvergne Rhône-Alpes (BPAURA) is a regional cooperative bank in France, part of Groupe BPCE. In addition to its primary banking and insurance activities, it is an active investor in the region. It operates a dedicated private equity subsidiary, Garibaldi Participations, which was founded in 2004 and manages approximately €170 million in assets, focusing on growth capital and buyouts for regional SMEs and ETIs. BPAURA also engages in direct investments in startups, such as its participation in SurgAR's 2024 funding round, and has created real estate investment funds like Valaura 2.