Fundraising: French Tech fuelled by AI and Cleantech in the 1st half of the year

Baromètre des levées de fonds In Extenso Innovation Croissance (a publication signed by its collaborative space In Lab), ESSEC Business School and France Angels :^1st semester 2024.

In the^1st half of 2024, French Tech demonstrated stability in terms of fundraising
(€4.2 billion in financing) compared with the^1st half of 2023 (€4.5 billion). Investments are almost back to their level of the^1st half of 2021 (€5.1 bn), a year of rebound after the economic downturn in 2020, but remain well down on the historic^1st half of 2022 (€8.9 bn).

The average ticket in France rose by 11% to €10 million, driven by a number of major deals. Deeptech start-ups developing disruptive artificial intelligence (AI) technologies continued to do well (+51% of amounts raised in Europe and +121% in France), and more specifically generative AI. It was also a good year for start-ups developing sustainable technologies (energy / Cleantech). These investments confirm the continuing appeal of strategic innovations within the European and French ecosystems. Over the past 6 months, the software and healthcare sectors have also performed well in France, and fintech has made a strong comeback in Europe. In the^1st half of the year, France took second place on the European podium, after the United Kingdom and ahead of Germany.

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