French startups on way to a new fund-raising record

A recent report from CB Insights about France-based companies’ venture capital transactions recorded 523 deals in the first three quarters of 2017, worth a total of US$2.6 billion. This represents a 42% increase in deals and a 79% increase in funds raised compared with 2016.

France in a strong position

France is ranked second after the United Kingdom and ahead of Germany for the number of transactions, and third in terms of the amounts raised.

As things currently stand, the award for this year’s largest transaction goes to IoT technology specialist Actility, which raked in some €70 million in April. If France continues in this same way, it will raise a record US$3.5 billion by the end of 2017, up 70% from 2016.

The top 10 companies in France for fund-raising (January to September 2017) were:

  • Actility (€70 million)
  • Oodrive (€65 million)
  • Manomano (€60 million)
  • Ivalua (€59 million)
  • Vestiaire Collective (€58 million)
  • Blade/Shadow (€51 million)
  • Younited Credit (€40 million)
  • Vivet Therapeutics (€37.5 million)
  • Guest To Guest (€33 million)
  • Frichti (€30 million)
  • HR Path (€30 million)
  • SendinBlue (€30 million)

If you would like to find out more, click here to read the overview (in French) written by Business France summarizing the main elements of the report.

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