France Startup Ecosystem

Overview

France has a vibrant startup ecosystem, particularly centered in Paris, which is becoming a major European tech hub. As of 2023, France is home to around 20,000 startups. The French government supports innovation through initiatives like La French Tech, which provides funding and resources for startups. In 2022, French startups raised approximately €10 billion in venture capital. These factors collectively highlight France's dynamic and rapidly evolving startup landscape.

Size of the Market

As of 2023, France's startup ecosystem includes around 20,000 startups. In 2022, these startups attracted approximately €10 billion in venture capital funding. This substantial investment underscores the ecosystem's growth potential and robust nature. The market's size and financial backing reflect its capacity to foster innovation and sustain a competitive edge within Europe and beyond.

Key Strengths

France's startup ecosystem is characterized by several key strengths, including strong government support, a high-quality education system, and a strategic location in Europe. The country excels in sectors such as fintech, healthtech, and deep tech. These strengths are bolstered by France's robust industrial base and government support, positioning it as a leader in the European startup scene.

Major Hubs

Paris is the primary hub of France’s startup ecosystem, known for its vibrant tech scene and concentration of startups. The city attracts entrepreneurs and investors from around the world. Major corporations and research institutions in Paris foster a collaborative environment for innovation. The dynamic ecosystem in Paris is instrumental in driving France's economic growth and technological advancements.

Emerging Hubs

In addition to Paris, emerging hubs like Lyon, Marseille, and Toulouse are gaining prominence in France’s startup ecosystem. Lyon is known for its strengths in biotech and digital industries, Marseille for its focus on maritime and logistics tech, and Toulouse for aerospace and advanced manufacturing. These emerging hubs are expanding the reach and diversity of France’s entrepreneurial landscape, offering new opportunities for innovation and growth.

Support Systems

France’s startup ecosystem benefits from a strong network of incubators, accelerators, and co-working spaces that provide essential support and resources for entrepreneurs. Initiatives like Station F and Paris&Co have been pivotal in fostering a supportive environment for startups, providing access to resources, mentorship, and funding. This supportive infrastructure is crucial for nurturing early-stage companies and fostering a collaborative entrepreneurial environment.

Challenges

Despite its strengths, the French startup ecosystem faces challenges such as bureaucratic hurdles and high labor costs. Navigating regulatory frameworks can be time-consuming and complex for startups. Additionally, labor costs in France are relatively high, which can impact the profitability and scalability of new ventures. Addressing these challenges requires strategic efforts and supportive policies to sustain growth and competitiveness.

Opportunities and Future Outlook

France has significant opportunities for growth in sectors like fintech, healthtech, and deep tech. The country's strong focus on sustainability and green technology drives innovation in renewable energy and environmental technologies. France's strategic location and trade agreements provide startups with opportunities for international expansion. With continued investment and innovation, France's startup ecosystem is poised for further growth, contributing significantly to the global innovation landscape.

Resilience and Adaptability

France's startup ecosystem demonstrates remarkable resilience and adaptability. The country's commitment to innovation, coupled with strong government and institutional support, enables startups to navigate challenges and capitalize on opportunities. The diverse talent pool and high-quality research institutions attract entrepreneurs and investors alike, ensuring sustained growth and success in the face of global economic shifts and market dynamics.

How to connect with Angel Investors in France?

Top Angel Investors

France's startup ecosystem is significantly supported by influential angel investors who provide crucial early-stage funding and mentorship. Prominent figures include Xavier Niel, founder of Iliad, and Frédéric Mazzella, founder of BlaBlaCar. These investors typically contribute between €50,000 and €500,000 per deal, offering not only capital but also strategic guidance and industry expertise. Their involvement is vital for the growth and development of early-stage companies, helping them navigate initial challenges and scale effectively. Xavier Niel, for instance, has invested in numerous startups through his Kima Ventures fund.

Leading Venture Capital Firms

France's venture capital landscape is populated by leading firms that drive substantial investments into high-growth startups. Firms such as Partech, Elaia, and Alven are at the forefront, providing significant funding to a wide array of sectors including technology, health, and fintech. Partech, for example, has a diverse portfolio that includes companies like Made.com and Alan. These firms typically engage in Series A to Series C funding rounds, with investment sizes ranging from €1 million to €50 million, facilitating substantial scaling opportunities for startups.

Investment Size and Scope

The size and scope of investments in France's startup ecosystem vary, catering to different stages of business growth. Early-stage investments, often provided by angel investors, range from €50,000 to €2 million. For growth-stage companies, venture capital firms offer larger funding rounds, typically between €5 million and €50 million. The scope of these investments spans various sectors, including AI, biotechnology, fintech, and cleantech, reflecting the diverse and dynamic nature of France's entrepreneurial landscape.

Number of Investments

France's venture capital and angel investment activity are robust, with a significant number of deals annually. In 2022, over 500 venture capital deals were recorded, amounting to approximately €10 billion in investments. This high level of activity underscores the vibrancy of the French startup ecosystem, with both angel investors and venture capital firms actively seeking out and funding promising startups across a broad spectrum of industries.

Future Outlook of the Investment Market

The future outlook for France's investment market is highly optimistic. With a continued emphasis on innovation and technology, sectors such as AI, biotechnology, and clean technology are expected to drive substantial growth. Government support through initiatives like La French Tech further bolsters the ecosystem. As global interest in sustainable and innovative solutions increases, France's startups are well-positioned to attract significant international investments, fostering an environment ripe for continued expansion and success.

Support and Mentorship

Support and mentorship are critical components of France's startup ecosystem. Angel investors and venture capitalists often provide more than just financial backing; they offer strategic advice, industry connections, and operational support. Programs like Station F and Paris&Co enhance this support, offering structured mentorship, resources, and access to capital. This comprehensive support system helps startups navigate early challenges and scale effectively.

Government and Institutional Support

The French government and various institutions play a pivotal role in nurturing the startup ecosystem. Initiatives such as La French Tech and Bpifrance provide substantial financial support and incentives. Additionally, organizations like Business France offer grants, loans, and advisory services. This extensive support infrastructure is vital for fostering innovation, reducing financial barriers, and promoting sustainable growth within the startup community.

Conclusion

France's startup ecosystem is bolstered by top angel investors, leading venture capital firms, and extensive support systems. With a diverse range of investment sizes and scopes, the market is poised for significant growth. The future outlook remains positive, driven by innovation, government support, and a collaborative environment. As France continues to attract global investments and foster entrepreneurial talent, it stands to become a key player in the global startup landscape, contributing to advancements across various high-growth sectors.

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We found 1,217 Angel Investors in France on Angels Partners

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Hugues de Braucourt
Investing in PropTech • FinTech (& Financial...
 New York, U.S.A. - France
Investor Picture
Previous Investments
  • Global Founders Capital: (mid stage)
  • BENOW - beauty corners:
  • iziwork.com: (early stage)
  • Onepilot: $16000000 (Series A)
  • Onepilot: $2000000 (Seed)
  • Taster: $37000000 (Series B)
  • Taster: $8000000 (Series A)
  • Taster: $4000000 (Seed)
  • Colonies: $200000000 (Series B)
  • Colonies: $12000000 (Series A)
  • Colonies: (Seed)
  • Bravo Sierra: $12000000 (Series A)
  • Proprioo: $22000000 (Series B)
  • Proprioo: $6000000 (Series A)
  • Proprioo: (Seed)
  • Trusk: $8000000 (Series A)
  • Trusk: $2000000 (Series A)
  • TheGuarantors: $15000000 (Series B)
  • TheGuarantors: $12000000 (Series A)
  • Pricemoov: $3000000 (Seed)
  • Order: $5000000 (Seed)
  • Meero: $45000000 (Series B)
  • Meero: $18000000 (Series A)
  • Meero: (Seed)
  • Quadpay: (Seed)
  • Fithouse: (Seed)
  • Fithouse: (Angel)
  • Another Brain: $12000000 (Series Unknown)
  • HireSweet: $2000000 (Series Unknown)
  • Soundcharts: $3000000 (Series A)
  • Foxintelligence: $9000000 (Series A)
  • Foxintelligence: $1000000 (Seed)
  • Pandascore: $3000000 (Pre Seed)
  • Chefclub: $700000 (Seed)

Hugues de Braucourt

New York, U.S.A. - France

Investing In

PropTech • FinTech (& Financials services) • A.I. (& Big Data) • Insurance (& InsurTech) • Real Estate (& Construction)

Description

Partner at Global Founders Capital

Partner at Global Founders Capital

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Marek Olszewski
Investing in Software (Web Marketplace Saas..) &b...
 San Francisco Bay Area, Germany - U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Icela
Investor Picture
Previous Investments
  • CodeFights: $2500000 (Seed Round)
  • Payourse: $600000 (Pre Seed)
  • Capsule Wallets: (Seed)
  • Remox: (Pre Seed)
  • Numoen: $1000000 (Seed)
  • CyberBox: $150000 (Seed)
  • impactMarket: $2000000 (Seed)
  • Paychant: $400000 (Pre Seed)
  • Ari Swap: $700000 (Pre Seed)
  • Partna: $600000 (Pre Seed)
  • Coinprofile: $600000 (Pre Seed)
  • Netra: $500000 (Convertible Note)
  • CodeSignal: $3000000 (Seed)
  • Accion Systems: $2000000 (Seed)

Marek Olszewski

San Francisco Bay Area, Germany - U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Icela

Investing In

Software (Web Marketplace Saas..) • FinTech (& Financials services) • Blockchain (& Cryptos)

Description

Dr. Marek Olszewski is a Co-Founder of Celo. He is a Co-Founder and served as the Chief Technology Officer at Locu. Prior to Locu, Marek was a senior PhD candidate at MIT CSAIL. He is a Facebook Fellow and the recipient of the J. Edgar McAllister Fellowship. He has prior work experience at a number of technology companies including Google, Microsoft (Research) and Sun (Labs). He is also an angel investor.

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Matthieu Lattes
Investing in Software (Web Marketplace Saas..) &b...
 Paris, France - U.S.A.
Investor Picture
Previous Investments
  • Cyrex 0:
  • Mindsay: (mid stage)
  • TIER Mobility: (early stage)
  • WeWork: (late stage)
  • epicery: (early stage)
  • Hivy: (early stage)
  • Managed by Q: (mid stage)
  • Shapr: (mid stage)
  • SchoolMouv: (mid stage)
  • Auto-Ecole.Net:
  • Sport Heroes Group: (early stage)
  • ISOGRAD - TOSA: (mid stage)
  • Isograd:
  • 900.care: $23000000 (Series A)
  • Seyna: $38000000 (Series A)

Matthieu Lattes

Paris, France - U.S.A.

Investing In

Software (Web Marketplace Saas..) • Mobility

Description

General Partner @ White Star Capital

General Partner @ White Star Capital

Investor Picture
Previous Investments
  • Indy: $42590000 (Later stage VC)
  • Yubo(Social Content): $12300000 (Later stage VC)
  • Qonto:
  • Enso.org: $14000000 (Seed)
  • Archy: $15000000 (Series A)
  • Archy: $6000000 (Seed)
  • Archy: $2000000 (Pre Seed)
  • Attention: $14000000 (Series A)
  • Stoïk: $27000000 (Series B)
  • Stoïk: $11000000 (Series A)
  • Stoïk: $12000000 (Series A)
  • Stoïk: $4000000 (Seed)
  • Creative Fabrica: $61000000 (Series B)
  • SlashID: $9000000 (Seed)
  • Grafbase: $5000000 (Seed)
  • Grafbase: $2000000 (Pre Seed)
  • Bearer: $4000000 (Seed)
  • Enso: $14000000 (Seed)
  • Swarmia: $7000000 (Seed)
  • GrindFoundry: $3000000 (Seed)
  • Alectio: $2000000 (Seed)
  • Alectio: $3000000 (Seed)
  • Next Insurance: $250000000 (Series C)
  • Next Insurance: $83000000 (Series B)
  • Next Insurance: $35000000 (Series A)
  • Next Insurance: $35000000 (Series A)
  • Unbabel: $60000000 (Series C)
  • ViaBill: $10000000 (Series A)
  • OpenRent: $5000000 (Series A)

Thomas Cuvelier

, U.S.A. - U.K. - France

Investing In

Software (Web Marketplace Saas..) • Businesses Solutions • FinTech (& Financials services) • A.I. (& Big Data) • Web Security (& Privacy) • Cloud Services (& Infrastructure) • Developer tools

Description

Partner at Alven

Partner at Alven Capital

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Joseph Sartre
Investing in Software (Web Marketplace Saas..) &b...
 San Francisco Bay Are..., U.S.A. - France
Investor Picture
Previous Investments
  • Cargo: $22000000 (Series A)
  • Cargo: $6000000 (Seed)
  • Cargo: $1000000 (Seed)

Joseph Sartre

San Francisco Bay Area - New York, U.S.A. - France

Investing In

Software (Web Marketplace Saas..) • Businesses Solutions • Retail (& E-Commerce) • Cosmetics (& Fashion) • A.I. (& Big Data) • Online Social • Consumer

Description

Most Interested In

I led investments in companies such as Cargo, Selfmade, Oto.ai and Fordays. Fascinated about the intersection of Technology and Commerce, I spend my time looking at technology infrastructure of the retail and commerce spaces as well as new models and marketplaces all enabling better consuming.

Not Interested In

I don’t invest in healthcare and biotechnology.

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Tyler Willis
Investing in Businesses Solutions • A.I. (& ...
 Boulder - Colorado, U.S.A. - U.K. - France
Investor Picture
Previous Investments
  • Interchange: $163000 (Seed Round)
  • Envoy - helloenvoy.com: $3000000 (Seed Round)
  • Zight (formerly CloudApp): $2000000 (Seed)
  • Induced AI: $2000000 (Seed)
  • Pogo: $12000000 (Seed)
  • Firstparty: $6000000 (Seed)
  • MainStreet: $2300000 (Seed Round)
  • Lambda School: $4000000 (Seed)
  • Picks & Shovels: $160000 (Seed)
  • Edmit: $860000 (Pre Seed)
  • Sourceress: $4000000 (Seed)
  • SMASHsolar: $1000000 (Convertible Note)
  • Zight: $2000000 (Seed)
  • Acre Designs: $2000000 (Seed)
  • Envoy: $3000000 (Seed)
  • LoungeBuddy: $3000000 (Series A)
  • Soma: $2000000 (Series A)
  • ShopPad: $500000 (Seed)
  • Patreon: $2000000 (Seed)
  • Clubhouse / Alpha Exploration Co: (Series A)

Tyler Willis

Boulder - Colorado, U.S.A. - U.K. - France

Investing In

Businesses Solutions • A.I. (& Big Data) • Woman Focused

Description

Co-founder of Unsupervised & Seed Investor in 40+ companies (Patreon, Lattice, Lambda School, Mainstreet, On Deck, Clubhouse)


Entrepreneur and Angel Investor. Techno-optimist. Occasional Asteroid Hunter.

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Pascal Cagni
Investing in Media • Hardware (& Manufacturi...
 London - Paris, France - U.K.
Investor Picture
Previous Investments
  • Jus Mundi: $10000000 (Series A)
  • Lyst: $85000000 (Series D)
  • Trouva: $25000000 (Series B)
  • Cleeng: $6000000 (Series B)
  • Cleeng: $1000000 (Series A)
  • Cleeng: $510000 (Angel)
  • Formlabs: $35000000 (Series B)
  • GIROPTIC: $5000000 (Seed)
  • HCVC: (Series Unknown)
  • iskn: $2000000 (Seed)
  • Shopcade: $4000000 (Seed)
  • Netatmo: $6000000 (Series A)
  • Rockpack: $2000000 (Angel)

Pascal Cagni

London - Paris, France - U.K.

Investing In

Media • Hardware (& Manufacturing) • Retail (& E-Commerce) • Future Of Work

Description

Founder and CEO at C4 Ventures

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Marie-Christine LEVET
Investing in Media • Education • Consumer
 Paris, France
Investor Picture
Previous Investments
  • MentorShow: $16000000 (Series A)
  • Wecandoo: $4000000 (Series A)
  • Appscho: $2000000 (Seed)
  • Reputation VIP: $2000000 (Seed)

Marie-Christine LEVET

Paris, France

Investing In

Media • Education • Consumer

Description

Founder and Partner at Educapital

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Tony Fadell
Investing in AgroTech • FinTech (& Financial...
 Paris, France - U.S.A.
Investor Picture
Previous Investments
  • Anello Photonics: (Series B)
  • Apron: $29000000 (Series B)
  • Smartex.ai: $25000000 (Series A)
  • Prenuvo: $70000000 (Series A)
  • Gravity Sketch: $33000000 (Series A)
  • Nothing: $7000000 (Equity Crowdfunding)
  • Nothing: $7000000 (Seed)
  • Menlo Micro: $150000000 (Series C)
  • Menlo Micro: $44000000 (Series B)
  • Menlo Micro: $34000000 (Series A)
  • DICE: $120000000 (Series C)
  • XpertSea: $20000000 (Series B)
  • bolttech: $180000000 (Series A)
  • Nylas: $120000000 (Series C)
  • Wheel: $50000000 (Series B)
  • Mantle: $13000000 (Series Unknown)
  • WiTricity: $18000000 (Series Unknown)
  • HODINKEE: $40000000 (Series B)
  • MycoWorks: $45000000 (Series B)
  • mmhmm: $30000000 (Series A)
  • mmhmm: $5000000 (Seed)
  • mmhmm: $4500000 (Seed Round)
  • Turntide Technologies: $33000000 (Series B)
  • Advano: $19000000 (Series A)
  • Advano: (Series A)
  • Simbe Robotics: $26000000 (Series A)
  • SHIELD: $20000000 (Series B)
  • SHIELD: $6000000 (Series A)
  • Superpedestrian: $17000000 (Series B)
  • Everoad by sennder: $19000000 (Series A)
  • Keyssa: $15000000 (Series C)
  • Turvo: $25000000 (Series A)
  • Turvo: $7000000 (Seed)
  • Modern Meadow: $40000000 (Series B)
  • ENSO: $3000000 (Seed)

Tony Fadell

Paris, France - U.S.A.

Investing In

AgroTech • FinTech (& Financials services) • Hardware (& Manufacturing) • IoT (& Wearables) • Autonomous vehicles (& Cars) • Robotics • Mobility • Consumer • Pharmaceutical (& Medicine)

Description

Most Interested In

• Agriculture & Food • Transport & Auto • Medical Diagnostics & Pharma • Robotics & Semiconductors • Financial • Consumer Products

Not Interested In

Advertising, Marketing, Music, Movies, Gaming and traditional Food, Beverage, Restaurant, Retail and Real Estate things.

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Benoit Wirz
Investing in Education • Human Resources &bu...
 London, U.K.
Investor Picture
Previous Investments
  • Adam: $3000000 (Seed)
  • UpHill: $8000000 (Series A)
  • Oneday: $6000000 (Series A)
  • Oneday: $3000000 (Seed)
  • Simbel: $4000000 (Seed)
  • Zen Educate: $23000000 (Series A)
  • Zen Educate: $8000000 (Seed)
  • Twenix: $4000000 (Series A)
  • Skiller Whale: $3000000 (Seed)
  • Newsela: $15000000 (Series B)
  • Vidado: (Seed)

Benoit Wirz

London, U.K.

Investing In

Education • Human Resources • Woman Focused

Description

Most Interested In

Edtech, HRTech

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Corentin Orsini
Investing in Media • Businesses Solutions &b...
 Paris, France
Investor Picture
Previous Investments
  • Formulate: (early stage)
  • Slync.io: (mid stage)
  • First Million:
  • Le Comptoir Des Pharmacies: (mid stage)
  • Lunii: (mid stage)
  • Xendoo: (mid stage)
  • Archidvisor: (early stage)
  • equipstore:
  • Super Capital: (early stage)
  • Blogbox:
  • Soonsoonsoon.com: (mid stage)
  • Splendid Stay: (early stage)
  • Chausson Finance:
  • Orsini publishing:

Corentin Orsini

Paris, France

Investing In

Media • Businesses Solutions • Consumer

Description

Angel investor / micro-VC - en.supercapital.fr

Co-founder & Managing Partner at Super Capital VC

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Yigal Jacoby
Investing in Sales (& Marketing) • A.I. (& B...
 , Israel - France
Investor Picture
Previous Investments
  • Niio: (Seed Round)
  • Drupe (Communication Software): $660000 (Seed Round)
  • Fabric, formerly CommonSense Robotics: (early stage)
  • AppsFlyer: (early stage)
  • Cybereason: (early stage)
  • Allot: (early stage)
  • ePilot Mobility: $1000000 (Pre Seed)
  • CryptoTicker: $1000000 (Pre Seed)
  • savedroid: $2000000 (Series Unknown)
  • Nimble Beauty: $10000000 (Seed)
  • DriveU.auto: $4000000 (Seed)
  • KitLocate: $750000 (Seed)
  • Appforma: $2000000 (Seed)

Yigal Jacoby

, Israel - France

Investing In

Sales (& Marketing) • A.I. (& Big Data) • Advertising • Analytics • Autonomous vehicles (& Cars) • Online Social • Consumer

Description

Board member, Early stage investor

Director, Early stage investor

Mr. Yigal Jacoby is a Co-Founder and serves as Chairman of Allot Communications and also serves as its Board Member. He also serves as an Advisor at theDOCK and as Chairman at Manto AI. He serves as Chairman at DriveU.auto. He serves as Board Member at Nimble Beauty.

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