Q2 2024 July 2024 Image: Louis Vuitton Foundation,Paris "AI has brought new energy to theFrench ecosystem fueled by topengineering talent, governmentinitiatives, and companies aiming tobe global leaders. In the past few years, many new VC firms and angel funds haveemerged. Amid global challenges, these VCs have adapted theirstrategies to better support their portfolio companies, ensuringresilience and growth.With agile VCs and a vibrant AI sector, theFrench tech landscape is poised for major innovation, growth,and exciting times ahead in investments." Alexandre CrennCOO Page/ 2 VC investment by stage» view online French startupsraised $2.5B inQ2 2024. This is higher year-on-year to2023 by $500M. Frenchventure capitalinvestment istracking above2019 and 2020and on parwith 2023. Over 120 roundsof $2M+ havebeen raised byFrench startupsin Q2 2024. Venture is moreactive than anytime pre-2021. Breakout-stage VC hasbeen slow, droppingslightly. Early-stage French VChas been relativelystable in recent years. Late-stage investmenthas recovered sinceglobal pullback. ▊$4–15m (Series A)▊$1–4m (Seed)▊$0–1m (pre-Seed) ▊$40–100m (Series C)▊$15–40m (Series B) ▊$100–250m▊$250m+ The most fundedstartup industryin France in 2024is EnterpriseSoftware, aheadof Energy andTransportation. GenAI, ModelMakers, andElectric mobilityare the mostfunded frontiertech segments atthe end of Q2. France rankssixth globally byVC investment in2024 so far, andthird in Europe. Paris is the #2tech hub inEurope by VCinvestment,with $3.1Braised in H12024,72% of all Frenchventure capital. France is the #3tech ecosystemin Europe byventure capitalinvestment in2024. For more, visitdealroom.co/guides Create a free account on dealroom.cofor more intelligence on startups andecosystems.