Dealroom – France Tech Update, Q3 2024

France's tech ecosystem is solidifying its position as a leading one in Europe, with an increase in international funds present and a competitive investment climate, particularly in early-stage companies. The presence of experienced and repeat entrepreneurs is growing, adding credibility to the ecosystem. While AI startups have made an impact, there is also a rise in deeptech companies in 2024. French venture capital investment is surpassing 2019 and 2020 levels but slightly below 2023. Although there have been fewer VC rounds over $2M in 2024 compared to previous years, the average round size has increased by $1.4M compared to 2023.