REPORT HIGHLIGHTS:
TECH COMPANY FUNDING REACHES A 7-QUARTER HIGH
Deal activity recorded a 5-year high in 2016, growing 115% over 2015 numbers to 486 deals. There was $2B invested, 62% growth.
PARIS DOMINATES
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.
FRANCE KEEPS PACE WITH GERMANY
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.
FRENCH INTERNET SECTOR IS BACK
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.
