According to EY’s latest survey on venture capital in France, French startups raised more than €2.5 billion in 2017, an increase of €400 million from 2016.
The first half of 2017 saw €1.2 billion raised, while €1.3 billion was generated in the second half of the year, with the number of deals recorded totaling 605 over the 12 months. These excellent results put France in second place in Europe for fundraising, both in terms of the number of deals and the sums raised. Last year, France accounted for 18% of the sums raised and 15% of all deals recorded in Europe.
The three sectors most active in venture capital in France in 2017 were the digital sector (63% of funds raised), life sciences (15%) and FinTech (11%), while the five largest fundraisers identified by EY in 2017 were Actility (€75 million), Manomano (€60 million), Vestiaire Collective (€58 million), Tinubu Square (€53 million) and Blade (€51 million).
If you’d like to find out more, click here to read the overview (in French) written by Business France summarizing the main elements of the report.
Click here to read the results of the EY survey in full (in French).