France

Paris #13

Attraction 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.

Nicolas Brien
CEO at France Digitale

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 360Learning, which raised $41.5 million in a Series B round in 2018.

Fintech

Financial Services is the largest business sector in Paris, and it includes six Global 500 companies with combined revenue above $500 billion. Paris is also home to Paris Fintech Forum, which in its latest edition hosted more than 320 CEOs and 2,600+ participants from more than 75 countries. Startups in the space include Qonto, a Fintech startup, which raised $115 million in a Series C round in 2020, and French mobile payment startup Lydia, which raised $44 million in 2019 in a venture round.

Why you should invest in Paris

TOTAL EARLY STAGE FUNDING
$2.6 bn
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$32 bn
GLOBAL AVG.
$10.5 bn
Top 10 Global Ecosystem
Funding
Top 10 Global Ecosystem
Talent
5
Exit Growth
INDEX
10
Investor Activity
INDEX
3
Funding Growth
INDEX

Reasons to move your startup to Paris

MEDIAN SEED ROUND
$850 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$2.7 m
GLOBAL AVG.
$2.7 m
SOFTWARE ENGINEER SALARY
$53 k
GLOBAL AVG.
$42.1 k

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.

COVID-19 Policy

The French Government announced a $4.3 billion fund for struggling startups to help them stay afloat during the crisis. The plan included facilitating short-term refinancing allowing startups to borrow as much as two years of payroll for employees based in France or 25% of annual revenue whichever is higher.

Startup Community

Startup Genome
Partners

50 Partners
France Digitale
Numa
Station F
The Family
TheFamily
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