France became Europe’s leading country for venture capital in Europe at the beginning of 2017, ahead of the United Kingdom and Germany, according to the latest report by Dealroom. French venture capital companies raised €2.7 billion in funds between January and August this year – nine times more than for the full year 2014 (€0.3 billion).
The United Kingdom was ranked in second place, with €2.3 billion, followed by Germany (€1.1 billion), while the total sums raised in venture capital throughout Europe during this time amounted to €8.4 billion.
French venture capital funds are certainly making a name for themselves. While Atomico (United Kingdom) and Rocket Internet (Germany) were responsible for the two largest fundraising transactions in 2017 (€719 million and €527 million), all of the other major deals were made by French funds: Partech Ventures (€400 million), Cathay Innovation (€287 million), Alven Capital (€250 million) and Omnes (€245 million and €210 million).
If you’d like to find out more, click here to read a summary (in French) prepared by Business France looking at the key findings of the report.