A comprehensive, data driven look at emerging trends, investments, and active investors in France
Tech Funding Trends in France 2016
FRENCH INTERNET SECTOR IS BACK
Deal activity recorded a 5-year high in 2016, growing 115% over 2015 numbers to 486 deals. There was $2B invested, 62% growth.
More than $1B was invested across 231 deals in Paris in 2016. Meanwhile, there were 64 deals in Q4’16, the third-straight quarter with 60+ deals. Top deals for 2016 included $109M Series E to Deezer in Q1’16 and a $106M Series C to Devialet in Q4’16.
TECH COMPANY FUNDING REACHES A 7-QUARTER HIGH
The internet sector rebounded in Q4’16, increasing its deal share 15 percentage points, to 69%. Internet and mobile accounted for 90% of deals in Q4’16.
France received $652M in total funding in Q4’16, trailing the UK with $3.6B in total funding, and Germany with $1B. The country has received $1.5B over the past two quarters, even with Germany’s total in the second half of 2016.
FRANCE KEEPS PACE WITH GERMANY
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