France
Paris
Late-Globalization Phase
France has taken over Europe as the place where the most funding rounds happened in 2018. The next step is to turn our eurocentric scale-ups into global leaders.
Sub-sector Strengths
Edtech
The Edtech startup ecosystem in Paris is supported by the presence of two Edtech VC funds, Educapital and Brighteye Ventures. In addition, initiatives and industry bodies like EdTech Observatory and EdTech France have been set up to promote the Edtech industry in France. Startup success stories include OpenClassrooms, which raised $60 million in a Series B round in 2018.
Fintech
Financial Services is the largest business sector in Paris, and it includes six Fortune 500 companies with combined revenue above $500 billion. Paris is also home to Paris Fintech Forum, which in its latest edition hosted more than 220 CEOs and 2,600 participants from more than 60 countries. Startups in the space include Qonto, a Fintech startup, which raised $23 million in a Series B round in 2018, and French mobile payment startup Lydia, which raised $16 million in 2018 in a venture round.
Why you should invest in Paris
SOFTWARE STARTUP OUTPUT
2.3 k-3.2 k
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$19 bn
GLOBAL AVG.
$5 bn
Top 10 Global Ecosystem
Connectedness
Top 10 Global Ecosystem
Fintech
9
Exit Growth
INDEX
INDEX
6
Output Growth
INDEX
INDEX
10
Funding Growth
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Reasons to move your startup to Paris
Strong R&D focus
Paris has 162,000 R&D workers with a total expenditure of $22.5 billion in R&D.
Talent attraction
The Passport Talent initiative, launched in 2016, includes the French Tech visa. And, French Tech Ticket offers a small amount of funding and acceleration and incubation services for a year — plus a fast-track residence permit.
Startup Community
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