Tracxn, a leading global SaaS-based market intelligence platform, has released its Annual Report: France Tech Annual Report 2024. Based on Tracxn’s extensive database, the report provides insights into the France Tech space.
In 2024, France tech startups raised $5.6 billion in funding, representing a 22% decline from the $7.2 billion secured in 2023 and a 52.64% drop compared to the $11.75 billion raised in 2022.
Stage-wise Investment Trends
● Late-Stage Funding: Late-stage funding experienced a 64.52% decline, totaling $1.1 billion in 2024, down from $3.1 billion in 2023.
● Seed-Stage Funding: Seed-stage investments dropped by 5.61%, falling to $606 million in 2024 from $642 million in 2023.
● Early-Stage Funding: Early-stage investments surged to $3.9 billion in 2024, marking an 11.43% increase from $3.5 billion in 2023.
Sectoral Performance
Top-performing sectors in 2024 included High Tech, Enterprise Applications, and FinTech:
● High Tech: Funding decreased by 16% compared to 2023 and 8% drop compared to 2022.
● Enterprise Applications: Funding increased by 12% in 2024 relative to 2023, though it dropped by 53% compared to 2022.
● FinTech: Funding rose by 24% compared to 2023 but declined significantly by 67% compared to 2022.
Top cities leading the landscape
● Paris-based tech firms accounted for 68.32% of all funding raised by France tech companies.
● Lyon followed at a distant second, contributing 5.2% of the total funding.
Leading Investors
Kima Ventures, Alven and Partech Partners emerged as the top investors in the France tech ecosystem, actively supporting startups across various stages.
Mergers & Acquisitions
The France tech ecosystem recorded 129 acquisitions in 2024, down from 158 in 2023. Notable deals include:
● Amolyt Pharma's acquisition by Astrazeneca for $1.1B, the highest-valued deal of the year.
● Sopra Banking Software’s acquisition by Axway for $365M.
This data underscores the evolving dynamics of the France tech ecosystem, reflecting both growth opportunities and challenges across different funding stages, sectors, and regions.
