Q3 2016 Tech Funding Trends in France
A comprehensive, data driven look at emerging trends, investments, and active investors in France
Deal flow has been trending up since 2012 and recently surged 71% over 2015 full-year for a 4-year high of 368 deals in just the first three quarters of 2016.
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Funding to tech companies in France also reached a new high mark of $1.5B in 2016. Remarkably, this is a high hit in just the first 3 quarters of the year. Funding has generally been trending up since Q2’13. In Q4’15, funding dropped but has since then been growing each quarter. From Q2’16 to Q3’16, funding grew 200% to reach $857M in total funding over 145 deals.
As with many nascent tech investment markets, early-stage deal activity dominates. 62% of deals in Q3’16 were at the early stage.
Deals with CVCs participating grew 4 percentage points from Q2’16 to 21% of the total in Q3’16. This compares to 11% in Q3’15.
TECH COMPANY FUNDING REACHES A 7-QUARTER HIGH
FRENCH CORPORATES STEPPING UP THEIR PARTICIPATION
FRENCH MOBILE SECTOR GAINS STEAM
While the internet sector remains the largest area for investment, mobile has gained steam over time and took 20% of deals in Q3’16.
EARLY-STAGE COMPANIES TAKE MORE DEALS